PENNSYLVANIA INSTITUTE OF TECHNOLOGY (EIN 231543518) - 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

1953

Legal Domicile

Principal Officer

H MATTHEW MEYERS

Phone

6108921500

Tax Period

2024-07-01 to 2025-06-30

PENNSYLVANIA INSTITUTE OF TECHNOLOGY, founded in 1953, is a mid-sized nonprofit in the Education sector that reported $20.9M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.7M, a strong 37% operating margin.

Mission

TO PROVIDE STUDENT SUCCESS BY OFFERING THE BEST COLLEGIATE EDUCATION.

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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 $4,994,101

Program Service Revenue $15,258,637

Investment Income $619,575

Other Revenue $13,548

TOTAL REVENUE $20,885,861

Expense Breakdown

Grants Paid $417,199

Salaries & Benefits $8,834,071

Fundraising Expenses $199,958

Program Expenses $10,355,145

Other Expenses $3,898,677

TOTAL EXPENSES $13,149,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,885,861	$14,079,332	+0.5%
Expenses	$13,149,947	$11,544,605	+0.1%
Net Income	$7,735,914	$2,534,727	+2.1%

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

222

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

$591,363

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JAMES CAPOLUPO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL H WOODRUFF PE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARY KAY BURKE	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD H DOYLE CPA	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE BUCHANAN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM DOUGHERTY	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN K GARRISON ESQ	TRUSTEE	1.00	Director	$0	$0	$0
KATHY HYNSON LPN	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH MENSCHNER DNP	TRUSTEE	1.00	Director	$0	$0	$0
DONNA RUST	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM E SCHMIDT MBA	TRUSTEE	1.00	Director	$0	$0	$0
WALTER M STRINE JR	TRUSTEE	1.00	Director	$0	$0	$0
JOAN YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT M MADONNA	TRUSTEE	1.00	Director	$0	$0	$0
JANICE MILLER LYON	TRUSTEE	1.00	Director	$0	$0	$0
ANTINUKE MOSS JD	TRUSTEE (UNTIL 12/2024)	1.00	Director	$0	$0	$0
GERI SWINDELL BSN	TRUSTEE (UNTIL 06/2025)	1.00	Director	$0	$0	$0
H MATTHEW MEYERS	PRESIDENT AND CEO	50.00	Officer	$224,480	$28,062	$252,542
ANNAMARIE CASSIDY	VP/CHIEF FINANCIAL OFFICER	50.00	Officer	$149,648	$17,893	$167,541
HEATHER PFLEGER	VP ACADEMIC AFFAIRS	40.00	Officer	$142,497	$28,783	$171,280
CRAIG JACOBS	VP DATA AND TECHNOLOGY	40.00	Highest	$133,662	$8,020	$141,682
LOUIS GIANNOTTI	CANNABIS PROGRAM DIRECTOR	40.00	Highest	$127,583	$27,710	$155,293
LAURA BLOMGREN	VP ENROLLMENT MANAGEMENT	40.00	Highest	$125,518	$16,342	$141,860

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	$20,885,861	$13,149,947	$22,128,377	$7,735,914
2024	No data	No data	No data	No data
2023	$13,264,190	$10,953,463	$10,725,186	$2,310,727
2022	$13,243,605	$9,626,722	$8,362,791	$3,616,883
2021	$11,670,496	$9,446,711	$6,095,990	$2,223,785
2020	$10,535,159	$7,665,577	$4,680,689	$2,869,582
2019	$7,880,117	$7,327,476	$6,291,302	$552,641
2018	$11,601,065	$7,338,295	$6,003,431	$4,262,770

PENNSYLVANIA INSTITUTE OF TECHNOLOGY