PENNSYLVANIA HERITAGE FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

SAMUEL SWEET

Phone

7177834923

Tax Period

2024-07-01 to 2025-06-30

PENNSYLVANIA HERITAGE FOUNDATION, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $308K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $399K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE PENNSYLVANIA HERITAGE FOUNDATION IS THE NON-PROFIT PARTNER OF THE PENNSYLVANIA HISTORICAL AND MUSEUM COMMISSION. GOVERNED BY A VOLUNTEER BOARD, PHF HELPS PRESERVE THE COMMONWEALTH'S RICH HERITAGE THROUGH CHARITABLE FUNDING, MEMBERSHIP, GRANT MANAGEMENT, AND COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $285,557

TO ENCOURAGE PUBLIC AND PRIVATE SUPPORT FOR PUBLIC HISTORY PROGRAMS.

Program 2

ARCHIVAL PROCESSING AND PRESERVATION THROUGH A GRANT FROM THE NATIONAL HISTORICAL PUBLICATIONS AND RECORDS COMMISSION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $109,200

Program Service Revenue $170,073

Investment Income $29,543

Other Revenue $-486

TOTAL REVENUE $308,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,017

Fundraising Expenses $66,621

Program Expenses $285,557

Other Expenses $168,293

TOTAL EXPENSES $399,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$308,330	$331,028	-0.1%
Expenses	$399,310	$323,142	+0.2%
Net Income	$-90,980	$7,886	-12.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$95,358

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK MARKOSKY	PRESIDENT	3.75	Officer Director	$0	$0	$0
DEMIELO LUCKETTE	VICE PRESIDE	0.75	Officer Director	$0	$0	$0
CYNTHIA PRITCHARD	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY ZANOLINI	TREASURER	1.50	Officer Director	$0	$0	$0
DONNA FISHER	ASST TREAS/P	0.50	Officer Director	$0	$0	$0
SAMANTHA FREISE	BOARD MEMBER	0.50	Director	$0	$0	$0
C JAMES HOLLIMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
GLENN HOLLIMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DEANNA JACOBS	BOARD MEMBER	0.50	Director	$0	$0	$0
GEORGE L LYTER	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM NEWMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURA C RICKETTS	BOARD MEMBER	0.50	Director	$0	$0	$0
SUSAN SHERWOOD	BOARD MEMBER	0.50	Director	$0	$0	$0
LENWOOD SLOAN	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURA STOKLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
ANNE YELLOTT	BOARD MEMBER	0.50	Director	$0	$0	$0
FREDERICK C POWELL	DIRECTOR EME	0.50	Director	$0	$0	$0
WILLIAM V LEWIS	PHMC COMMISS	0.50	Director	$0	$0	$0
FRANKLIN L KURY	BOARD MEMBER	0.50	Director	$0	$0	$0
SAMUEL SWEET	EXECUTIVE DI	40.00	Officer	$93,558	$1,800	$95,358

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$308,330	$399,310	$767,976	$-90,980
2024	$331,028	$323,142	$826,009	$7,886
2023	$269,911	$289,660	$786,917	$-19,749
2022	$675,459	$470,053	$790,078	$205,406
2021	$308,997	$295,242	$699,168	$13,755
2020	$298,294	$243,207	$811,470	$55,087
2019	$470,625	$249,227	$499,846	$221,398
2018	$301,919	$285,401	$272,326	$16,518