UNITED WAY OF GREATER PHILADELPHIA… - Form 990 Financial Data

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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

1921

Legal Domicile

Phone

2156652500

Tax Period

2023-07-01 to 2024-06-30

UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEY, founded in 1921, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $27.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $25.2M left a modest 7% surplus.

Mission

UNITED WAY'S MISSION IS TO END INTERGENERATIONAL POVERTY IN OUR REGION BY HARNESSING, LEVERAGING AND STRATEGICALLY INVESTING THE COLLECTIVE POWER OF DONORS, ADVOCATES AND VOLUNTEERS, TO HELP INDIVIDUALS AND FAMILIES BREAK THE CYCLE OF POVERTY.

Program Service Accomplishments

Program 1

Expenses: $279,819 Revenue: $0

CAPACITY BUILDING - THE IMPACT FUND EMPOWERS NONPROFIT PARTNERS BY ENSURING THEY HAVE THE RESOURCES AND TOOLS TO SUCCEED.

Program 2

Expenses: $264,933 Revenue: $0

COMMUNITY RESILIENCY - THE IMPACT FUND HELPS OUR NEIGHBORS MEET THEIR MOST BASIC NEEDS - FOOD, SHELTER AND SAFETY.

Program 3

Expenses: $8,029 Revenue: $0

FINANCIAL EMPOWERMENT - THE IMPACT FUND EMPOWERS INDIVIDUALS AND FAMILIES TO SAVE MORE BY BUILDING FOUNDATIONS FOR LIFELONG FINANCIAL STABILITY INCLUDING FINANCIAL LITERACY AND ASSET DEVELOPMENT.

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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 $16,840,178

Program Service Revenue $600

Investment Income $9,300,792

Other Revenue $886,767

TOTAL REVENUE $27,028,337

Expense Breakdown

Grants Paid $15,155,373

Salaries & Benefits $6,105,834

Fundraising Expenses $1,682,278

Program Expenses $20,132,106

Other Expenses $3,983,532

TOTAL EXPENSES $25,244,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,028,337	$23,154,345	+0.2%
Expenses	$25,244,739	$28,388,825	-0.1%
Net Income	$1,783,598	$-5,234,480	-1.3%

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

949

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

$1,851,123

Total Directors

Key Employees

$158,524

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SALVESON	BOARD MEMBER, BOARD CHAIR	1.0	Officer Director	$0	$0	$0
MARCEL PRATT	BOARD MEMBER, SECRETARY	1.0	Officer Director	$0	$0	$0
ANN ARENA	BOARD MEMBER	1.0	Director	$0	$0	$0
CHEKEMMA FULMORE-TOWNSEND	BOARD MEMBER	1.0	Director	$0	$0	$0
CHRISTEN WOODS	BOARD MEMBER	1.0	Director	$0	$0	$0
CLAIRE GREENWOOD	BOARD MEMBER	1.0	Director	$0	$0	$0
DALILA WILSON-SCOTT	BOARD MEMBER	1.0	Director	$0	$0	$0
DANIEL P BAUDER	BOARD MEMBER (AS OF 07/2023)	1.0	Director	$0	$0	$0
DENNIS PULLIN	BOARD MEMBER	1.0	Director	$0	$0	$0
ELIZABETH MURPHY	BOARD MEMBER (THRU 12/2023)	1.0	Director	$0	$0	$0
ELLEN PATTERSON	BOARD MEMBER	1.0	Director	$0	$0	$0
ERINN T CORBETT-WRIGHT	BOARD MEMBER (AS OF 07/2023)	1.0	Director	$0	$0	$0
FRANCES A MCELHILL	BOARD MEMBER	1.0	Director	$0	$0	$0
JIM BUCK	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHN CHIN	BOARD MEMBER (AS OF 07/2023)	1.0	Director	$0	$0	$0
JOHN J LYNCH III	BOARD MEMBER	1.0	Director	$0	$0	$0
KATHERINE KEEFE	BOARD MEMBER (AS OF 07/2023)	1.0	Director	$0	$0	$0
LESLIE RICHARDS	BOARD MEMBER	1.0	Director	$0	$0	$0
MARCUS ALLEN	BOARD MEMBER	1.0	Director	$0	$0	$0
MELISSA GRIMM	BOARD MEMBER	1.0	Director	$0	$0	$0
MICHAEL KERLIN	BOARD MEMBER	1.0	Director	$0	$0	$0
OMAR WOODARD	BOARD MEMBER	1.0	Director	$0	$0	$0
PETER HAAS	BOARD MEMBER	1.0	Director	$0	$0	$0
RAKIA REYNOLDS	BOARD MEMBER	1.0	Director	$0	$0	$0
ROBERT MCNEILL	BOARD MEMBER	1.0	Director	$0	$0	$0
SARAH BOUCHARD	BOARD MEMBER	1.0	Director	$0	$0	$0
SARAH HARRIS	BOARD MEMBER	1.0	Director	$0	$0	$0
SHARMAIN MATLOCK-TURNER	BOARD MEMBER	1.0	Director	$0	$0	$0
STEVEN GRABELL	BOARD MEMBER	1.0	Director	$0	$0	$0
WILLIAM J CARISS	BOARD MEMBER	1.0	Director	$0	$0	$0
WILLIAM L CONRAD	BOARD MEMBER (AS OF 07/2023)	1.0	Director	$0	$0	$0
AMY LEICHNER	CHIEF FINANCIAL OFFICER	37.5	Officer	$243,486	$22,840	$266,326
ERIKA JOY ERB	CHIEF MARKETING & COMMUNICATIONS OFFICER	37.5	Officer	$173,412	$15,697	$189,109
JENNIFER R LARKIN	CHIEF DEVELOPMENT OFFICER	37.5	Officer	$146,030	$28,845	$174,875
KATE HOUSTOUN	CHIEF IMPACT OFFICER	37.5	Officer	$209,801	$31,455	$241,256
MICHAEL BANKS	EXECUTIVE DIRECTOR & SENIOR ADVISOR	37.5	Officer	$228,086	$26,703	$254,789
TABITHA JENKINS	GENERAL COUNSEL & CHIEF PEOPLE OFFICER	37.5	Officer	$232,764	$23,014	$255,778
WILLIAM A GOLDERER	PRESIDENT & CEO	37.5	Officer	$449,831	$19,159	$468,990
ANDREA A ANDERSON	CHIEF KNOWLEDGE OFFICER (THRU 09/2023)	37.5	Key Emp	$148,460	$10,064	$158,524
ALEXANDER HOFFMASTER	DIRECTOR, MAJOR & PRINCIPAL GIVING	37.5	Highest	$119,294	$16,983	$136,277
ELIZABETH TORRES	MANAGING DIRECTOR, ACCOUNTING	37.5	Highest	$149,281	$6,063	$155,344
JENNIFER EGMONT	DIRECTOR, ENGAGEMENT & COMMUNICATIONS	37.5	Highest	$116,427	$28,792	$145,219
KELLY SHANNON WOODLAND	MANAGING DIRECTOR, LEADERSHIP EQUITY	37.5	Highest	$164,243	$18,347	$182,590
MELISSA CULP	MANAGING DIRECTOR, BUSINESS OPERATIONS	37.5	Highest	$143,823	$9,305	$153,128

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	No data	No data	No data	No data
2024	$27,028,337	$25,244,739	$113,880,133	$1,783,598
2023	$23,154,345	$28,388,825	$114,678,858	$-5,234,480
2022	$23,240,167	$30,549,248	$111,398,154	$-7,309,081
2021	$64,689,585	$34,038,026	$139,410,618	$30,651,559
2020	$35,636,626	$38,781,020	$101,162,877	$-3,144,394
2019	$40,006,130	$39,720,330	$107,321,207	$285,800
2018	$52,159,856	$45,460,508	$106,085,350	$6,699,348

UNITED WAY OF GREATER PHILADELPHIA AND SOUTHERN NEW JERSEY