PENNSYLVANIA ECONOMY LEAGUE INC

EIN: 231352264 501(c)(3)

PHILADELPHIA, PA

Total Revenue
$3,730,942
Total Expenses
$4,413,826
Total Assets
$2,159,381
Net Assets
$-361,717
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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
1936
Legal Domicile
PA
Principal Officer
JEFFREY HORNSTEIN PHD
Phone
2672093974
Tax Period
2023-01-01 to 2023-12-31

PENNSYLVANIA ECONOMY LEAGUE INC, founded in 1936, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $4.4M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE PENNSYLVANIA ECONOMY LEAGUE ("PEL") IS AN INDEPENDENT NON-PROFIT PUBLIC POLICY RESEARCH ENTITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,813,702
Program Service Revenue $906,261
Investment Income $10,979
Other Revenue $0
TOTAL REVENUE $3,730,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,750,063
Fundraising Expenses $229,011
Program Expenses $2,942,287
Other Expenses $1,663,763
TOTAL EXPENSES $4,413,826

Year-over-Year Comparison

2023 2022 Change
Revenue $3,730,942 $4,318,756 -0.1%
Expenses $4,413,826 $3,903,549 +0.1%
Net Income $-682,884 $415,207 -2.6%
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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Governance

Voting Members
9
Independent Members
8
Employees
15
Volunteers
9

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
$203,987
Total Directors
10
$203,987
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF HORNSTEIN EXECUTIVE DIRECTOR 40.00
Officer Director
$180,255 $23,732 $203,987
DAVID BLUM DIRECTOR 1.00
Director
$0 $0 $0
ELLIOT DINKIN DIRECTOR 1.00
Director
$0 $0 $0
PETER GROLLMAN DIRECTOR (EXITED 12/23) 1.00
Director
$0 $0 $0
STUART G HOFFMAN DIRECTOR 1.00
Director
$0 $0 $0
RYAN MCGOWAN DIRECTOR 1.00
Director
$0 $0 $0
KEVIN SNIDER DIRECTOR 1.00
Director
$0 $0 $0
STEVE STETLER DIRECTOR 1.00
Director
$0 $0 $0
FRED CALLAHAN TREASURER 1.00
Officer Director
$0 $0 $0
WILLIAM RHODES CHAIR 1.00
Officer Director
$0 $0 $0
JNELLE LAWRENCE DEPUTY EXECUTIVE DIRECTOR 40.00
Highest
$117,445 $5,073 $122,518
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 No data No data No data No data
2023 $3,730,942 $4,413,826 $2,159,381 $-682,884
2022 $4,318,756 $3,903,549 $2,565,314 $415,207
2021 $4,041,486 $3,782,055 $2,641,467 $259,431
2020 $2,930,019 $2,963,751 $2,359,899 $-33,732
2019 $3,512,571 $3,030,008 $2,139,348 $482,563
2018 $3,576,876 $3,746,918 $2,153,887 $-170,042
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