PITTSBURGH PARKS CONSERVANCY (EIN 232882145) - 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

1996

Legal Domicile

Principal Officer

CATHERINE QURESHI CEO

Phone

4126827275

Tax Period

2023-10-01 to 2024-09-30

PITTSBURGH PARKS CONSERVANCY, founded in 1996, is a community nonprofit in the Recreation & Sports sector that reported $9.5M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 21% operating margin.

Mission

IMPROVE QUALITY OF LIFE BY ENHANCING PITTSBURGH'S PARKS IN PARTNERSHIP WITH THE COMMUNITY.

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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 $5,707,633

Program Service Revenue $1,003,422

Investment Income $2,332,674

Other Revenue $454,358

TOTAL REVENUE $9,498,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,737,707

Fundraising Expenses $876,615

Program Expenses $5,537,091

Other Expenses $3,776,815

TOTAL EXPENSES $7,514,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,498,087	$5,898,293	+0.6%
Expenses	$7,514,522	$6,479,337	+0.2%
Net Income	$1,983,565	$-581,044	-4.4%

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

1300

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

$783,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LYONS	CHAIR	2.00	Officer Director	$0	$0	$0
MILDRED S MYERS	CO-CHAIR	2.00	Officer Director	$0	$0	$0
JAMES SPENCER	SECRETARY	2.00	Officer Director	$0	$0	$0
MATTHEW GLEASON	TREASURER	2.00	Officer Director	$0	$0	$0
MARIS DAUER	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN WELSH MCSORLEY	DIRECTOR	1.00	Director	$0	$0	$0
JEAN NOVAK	DIRECTOR	1.00	Director	$0	$0	$0
JAMIL BEY	DIRECTOR	1.00	Director	$0	$0	$0
RALPH HORGAN	DIRECTOR	1.00	Director	$0	$0	$0
GRACE TAN	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD GAINEY	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY TAULTON	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE CLOUGH	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS SHOFFNER	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLLE BAGNELL	DIRECTOR	1.00	Director	$0	$0	$0
TERRI BALTIMORE	DIRECTOR	1.00	Director	$0	$0	$0
ADAM CAUSGROVE	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE PRO	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK FRANK	DIRECTOR	1.00	Director	$0	$0	$0
MARY O'LOUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
THERESE DILLMAN MOSS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH OLEXSAK	DIRECTOR	1.00	Director	$0	$0	$0
TOM BARBUSH	DIRECTOR	1.00	Director	$0	$0	$0
TALIA DEPASQUALE	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
ZINNA SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
RANDY WALSH	DIRECTOR	1.00	Director	$0	$0	$0
CARL DALEY	DIRECTOR	1.00	Director	$0	$0	$0
ALAN ACKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
CINDY AKERS GERBER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PAVLICK	DIRECTOR	1.00	Director	$0	$0	$0
HAGGAI DROR	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG DUNHAM	DIRECTOR	1.00	Director	$0	$0	$0
IRENE FOSTYK	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HORNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE CAVANAUGH SCIANNAMEO	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN VARGAS	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA WISNIEWSKI	DIRECTOR	1.00	Director	$0	$0	$0
KIM OLIVITO	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD REED	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE QURESHI	PRESIDENT/CEO	40.00	Officer	$273,500	$39,790	$313,290
ROSS CHAPMAN	CHIEF OF OPERATIONS AND PARK EQUITY	40.00	Officer	$122,872	$33,389	$156,261
JOE KARLOVITS	DIRECTOR OF FINANCE	40.00	Officer	$107,326	$32,145	$139,471
JAMES SNOW	CHIEF ADMINISTRATION OFFICER	40.00	Officer	$150,578	$24,221	$174,799

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	$9,498,087	$7,514,522	$19,632,510	$1,983,565
2023	$5,898,293	$6,479,337	$17,431,942	$-581,044
2022	$4,491,050	$5,725,220	$17,924,186	$-1,234,170
2021	$5,028,888	$6,104,665	$20,284,178	$-1,075,777
2020	$4,258,154	$8,918,051	$19,817,012	$-4,659,897
2018	$7,767,974	$6,379,650	$20,595,487	$1,388,324

PITTSBURGH PARKS CONSERVANCY