PGH Development Corporation (EIN 232351015) - 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

CRAIG CARNAROLI

Phone

2155901000

Tax Period

2023-07-01 to 2024-06-30

PGH Development Corporation, founded in 1985, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 57% operating deficit.

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF DEVELOPING AND SERVICING CERTAIN ACCESS AREAS, COMMON GROUNDS, AND PARKING FACILITIES FOR HEALTHCARE AND RESEARCH FACILITIES.

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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 $0

Program Service Revenue $1,047,152

Investment Income $1,658

Other Revenue $2,157

TOTAL REVENUE $1,050,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $595,172

Other Expenses $1,646,140

TOTAL EXPENSES $1,646,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,050,967	$740,821	+0.4%
Expenses	$1,646,140	$1,316,665	+0.3%
Net Income	$-595,173	$-575,844	+0.0%

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

N/A

Employees

N/A

Volunteers

N/A

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

$5,178,564

Total Directors

$5,178,564

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS HOCK	VICE PRESIDENT	1.0	Officer Director	$0	$72,049	$2,084,313
CRAIG CARNAROLI	PRESIDENT	1.0	Officer Director	$0	$399,165	$1,614,402
JEFFREY KAHN	FORMER TREASURER	0.0		$0	$67,663	$1,566,924
LEE DOBKIN ESQ	FORMER SECRETARY	0.0		$0	$56,523	$992,866
ANNE PAPAGEORGE	SECRETARY	1.0	Officer Director	$0	$75,096	$782,380
DONALD MOORE	TREASURER	1.0	Officer Director	$0	$26,028	$697,469

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	$1,050,967	$1,646,140	$8,011,190	$-595,173
2023	$740,821	$1,316,665	$8,283,281	$-575,844
2022	$905,518	$1,461,807	$8,745,713	$-556,289
2021	$832,871	$1,380,386	$8,407,285	$-547,515
2020	$763,912	$1,270,276	$9,059,750	$-506,364
2019	$925,753	$1,415,572	$9,537,903	$-489,819
2018	$948,114	$1,416,761	$9,551,222	$-468,647

PGH Development Corporation