PENNSYLVANIA COLLEGE OF ART & DESIGN (EIN 232215278) - 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

1982

Legal Domicile

Principal Officer

ANDREW BARNES

Phone

7173967833

Tax Period

2023-07-01 to 2024-06-30

PENNSYLVANIA COLLEGE OF ART & DESIGN, founded in 1982, is a mid-sized nonprofit in the Education sector that reported $13.3M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

PENNSYLVANIA COLLEGE OF ART & DESIGN IS A PROFESSIONAL ART COLLEGE OFFERING A BFA DEGREE, CERTIFICATES, CREDENTIALS, AND CURRICULA THAT ENABLE STUDENTS OF ALL AGES TO PURSUE ART AS THEIR LIFE'S WORK.

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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 $1,648,437

Program Service Revenue $11,256,010

Investment Income $265,272

Other Revenue $99,879

TOTAL REVENUE $13,269,598

Expense Breakdown

Grants Paid $2,806,226

Salaries & Benefits $5,734,486

Fundraising Expenses $221,899

Program Expenses $9,806,569

Other Expenses $5,220,704

TOTAL EXPENSES $13,761,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,269,598	$10,177,505	+0.3%
Expenses	$13,761,416	$11,296,306	+0.2%
Net Income	$-491,818	$-1,118,801	-0.6%

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

Governance

Voting Members

Independent Members

Employees

241

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

$478,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL D URBAN	CHAIR	0.80	Officer Director	$0	$0	$0
JAMES D WARNER	VICE CHAIR	0.80	Officer Director	$0	$0	$0
PATRICK S HOPKINS	BOARD MEMBER	0.80	Director	$0	$0	$0
STEPHEN LEAMAN	BOARD MEMBER	0.80	Director	$0	$0	$0
ABIGAIL FREDERICK	BOARD MEMBER	0.80	Director	$0	$0	$0
CRYSTAL WEAVER	BOARD MEMBER	0.80	Director	$0	$0	$0
MATT BUCKWALTER	BOARD MEMBER	0.80	Director	$0	$0	$0
JOE BYORICK	BOARD MEMBER	0.80	Director	$0	$0	$0
MARGARET L HAZLETT	BOARD MEMBER	0.80	Director	$0	$0	$0
RICHARD GRAY	BOARD MEMBER	0.80	Director	$0	$0	$0
MEGAN CARUSO	BOARD MEMBER	0.80	Director	$0	$0	$0
LISA EGGLESTON	BOARD MEMBER	0.80	Director	$0	$0	$0
PETER SCUDNER	BOARD MEMBER	0.80	Director	$0	$0	$0
AUDRY CARTER	BOARD MEMBER	0.80	Director	$0	$0	$0
PAMELA BARBY	BOARD MEMBER	0.80	Director	$0	$0	$0
ISAIAH SERVANCE JR	BOARD MEMBER	0.80	Director	$0	$0	$0
JOLENE TOLBERT	BOARD MEMBER	0.80	Director	$0	$0	$0
ELIZABETH BENNETT	TREASURER - UNTIL DEC 2023	40.00	Officer	$125,109	$13,553	$138,662
MICHAEL MOLLA	PRESIDENT	40.00	Officer	$313,329	$26,392	$339,721
CARISSA MASSEY	PROVOST	40.00	Highest	$136,063	$16,991	$153,054
DAN HELWIG	DIRECTOR OF DEVELOPMENT	40.00	Highest	$117,572	$6,962	$124,534

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	$13,269,598	$13,761,416	$16,547,454	$-491,818
2023	$10,177,505	$11,296,306	$16,979,996	$-1,118,801
2022	$9,384,382	$9,768,587	$14,755,118	$-384,205
2021	$9,536,252	$8,877,795	$15,635,445	$658,457
2020	$8,106,353	$8,059,491	$15,005,977	$46,862
2019	$7,468,995	$7,142,524	$14,310,273	$326,471

PENNSYLVANIA COLLEGE OF ART & DESIGN