UNIVERSITY CITY DISTRICT (EIN 232913784) - 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

1997

Legal Domicile

Principal Officer

MATTHEW BERGHEISER

Phone

2152430555

Tax Period

2022-07-01 to 2023-06-30

UNIVERSITY CITY DISTRICT, founded in 1997, is a mid-sized nonprofit in the Community Improvement sector that reported $10.3M in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $11.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO FOSTER A VIBRANT, COMPETITIVE UNIVERSITY CITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,989,320

Program Service Revenue $3,223,315

Investment Income $124,066

Other Revenue $0

TOTAL REVENUE $10,336,701

Expense Breakdown

Grants Paid $104,069

Salaries & Benefits $3,691,206

Fundraising Expenses $137,020

Program Expenses $10,238,091

Other Expenses $7,626,052

TOTAL EXPENSES $11,421,327

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,336,701	$12,962,976	-0.2%
Expenses	$11,421,327	$11,454,845	0.0%
Net Income	$-1,084,626	$1,508,131	-1.7%

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

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

$367,493

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG CARNAROLI	CHAIRMAN, OFFICER	2.00	Director	$0	$0	$0
DAVID ADELMAN	VICE-CHAIR, OFFICER	2.00	Director	$0	$0	$0
JOSEPH TRAINOR	TREASURER, OFFICER	2.00	Director	$0	$0	$0
MAUREEN RUSH ENDED 122022	SECRETARY, OFFICER	2.00	Director	$0	$0	$0
ANTONIO ACEVEDO	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BREAUPRE	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY BRALA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK CELONI	BOARD MEMBER	1.00	Director	$0	$0	$0
DELLA CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF DEVUONO	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA DOWD-BURTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY FARELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL FROEHLICH	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN GEDAKA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GRADY	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY GROSSBACH	SECRETARY	2.00	Director	$0	$0	$0
SOPHIA HOLDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE ANN JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH KASPER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL LIBERATOSCIOLI	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET LIVINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MILLS	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL MOSES	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD PAUL	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE POULIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE PAPAGEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW BERGHEISER	PRESIDENT	40.00	Officer	$327,569	$39,924	$367,493
ALAN GARRY	SVP, PUBLIC SAFETY AND DIS	40.00	Highest	$165,340	$6,453	$171,793
BRIAN ENGLISH	VP, GREEN CITY WORKS	40.00	Highest	$146,952	$31,654	$178,606
NICHOLAS EDELMAN	VP, FINANCE AND OPERATIONS	40.00	Highest	$130,003	$19,795	$149,798
CAITLIN GAROZZO	EXEC. DIR., WEST PHILADELP	40.00	Highest	$107,426	$24,532	$131,958
CHRISTOPHER RICHMAN	DIRECTOR, MARKETING AND CO	40.00	Highest	$104,599	$18,285	$122,884

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	No data	No data	No data	No data
2023	$10,336,701	$11,421,327	$11,356,465	$-1,084,626
2022	$12,962,976	$11,454,845	$12,660,526	$1,508,131
2021	$9,712,200	$10,994,161	$9,386,670	$-1,281,961
2020	$11,153,462	$11,087,179	$10,734,233	$66,283
2019	$9,347,238	$10,982,219	$10,333,294	$-1,634,981
2018	$15,009,335	$9,665,372	$11,334,727	$5,343,963

UNIVERSITY CITY DISTRICT