UPMC PINNACLE FOUNDATION (EIN 222691718) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Principal Officer

GREG MITSTIFER

Phone

7172318245

Tax Period

2023-07-01 to 2024-06-30

UPMC PINNACLE FOUNDATION, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $19.4M in total revenue in fiscal year 2023. Revenue surged 319% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 25% operating margin.

Mission

INVESTMENT AND FUNDRAISING ACTIVITIES FOR THE BENEFIT OF RELATED TAX-EXEMPT ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,428,642

Program Service Revenue $0

Investment Income $14,003,160

Other Revenue $-1,271

TOTAL REVENUE $19,430,531

Expense Breakdown

Grants Paid $9,614,861

Salaries & Benefits $0

Fundraising Expenses $80,149

Program Expenses $13,521,665

Other Expenses $4,946,348

TOTAL EXPENSES $14,561,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,430,531	$4,641,491	+3.2%
Expenses	$14,561,209	$10,951,755	+0.3%
Net Income	$4,869,322	$-6,310,264	-1.8%

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

N/A

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

$3,521,965

Total Directors

$4,124,907

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID GIBBONS	PRESIDENT	5.00	Officer Director	$0	$140,493	$1,347,033
JULIE TROGNER	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
ROBIN ZELLERS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KURT TWIFORD	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
EDWARD BLACK	DIRECTOR	1.00	Director	$0	$0	$0
VINCE CHAMPION	DIRECTOR	1.00	Director	$0	$0	$0
YASMINE COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
ABIGAIL FORTINO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GRETH	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN HOLLINGER	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE LADIE MD	DIRECTOR/TRANSPLANT SURGEON	1.00	Director	$0	$36,015	$530,957
DOUGLAS NEIDICH	DIRECTOR	1.00	Director	$0	$0	$0
ARELIS PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
JULIANNE RICH MD	DIRECTOR	1.00	Director	$0	$0	$0
URSULA SIVERLING	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH ANN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KAMBIC DO	DIRECTOR/PHYSICIAN	1.00	Director	$0	$42	$222
JOSEPH IANDOLO	DIRECTOR/VP, OPERATIONS UPMC MEMORIAL	1.00	Director	$0	$28,663	$275,621
REBECCA MCCLURE	DIRECTOR	1.00	Director	$0	$0	$0
DR TIMOTHY DEIMLING	DIRECTOR/PHYSICIAN	1.00	Director	$0	$22,835	$446,451
ANN GORMLEY	DIRECTOR/VP, HUMAN RESOURCES	1.00	Director	$0	$86,066	$673,237
MARCUS HITE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JAN LANG	DIRECTOR	1.00	Director	$0	$0	$0
MARY WESTON	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS BAVERSO	PRESIDENT & COO (R 9/23)	1.00	Officer Director	$0	$65,783	$851,386
ANDREA JONES	DIRECTOR	1.00	Director	$0	$0	$0
GREG MITSTIFER	TREASURER & CFO	5.00	Officer	$0	$47,616	$298,898
AMANDA MORGAN	ASSISTANT TREASURER	1.00	Officer	$0	$41,705	$276,009
CHRISTINE MILLER ESQ	SECRETARY/ASSOC. COUNSEL	5.00	Officer	$0	$77,031	$504,921
KERRY MALONEY	ASSISTANT SECRETARY	5.00	Officer	$0	$44,942	$243,718
JESSICA RITCHIE	CDO & PRESIDENT	40.00	Highest	$230,629	$31,120	$261,749
PHILIP W GUARNESCHELLI	FMR PRESIDENT & CEO (R 9/22)	0.00		$0	$24,232	$1,152,327

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
2024	$19,430,531	$14,561,209	$151,318,027	$4,869,322
2023	$4,641,491	$10,951,755	$137,660,118	$-6,310,264
2022	$8,189,149	$13,838,081	$143,289,508	$-5,648,932
2021	$10,550,659	$10,786,972	$153,865,644	$-236,313
2020	$2,515,951	$2,169,632	$114,048,254	$346,319
2019	$2,425,359	$2,550,139	$122,328,133	$-124,780
2018	$19,274,499	$1,850,895	$111,413,411	$17,423,604

UPMC PINNACLE FOUNDATION