PITT ACADEMY INC

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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

1949

Legal Domicile

Principal Officer

JIM MCDONNELL

Phone

5029666979

Tax Period

2023-07-01 to 2024-06-30

PITT ACADEMY INC, founded in 1949, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PITT ACADEMY PROVIDES A SAFE, SUPPORTIVE, INNOVATIVE LEARNING ENVIRONMENT WHERE CHILDREN WITH A BROAD SPECTRUM OF LEARNING AND COMMUNICATION DISABILITIES CAN REACH THEIR OWN ACADEMIC, CREATIVE AND SOCIAL POTENTIAL. PITT STRIVES TO PREPARE EACH STUDENT TO BECOME INDEPENDENT AND TO LIVE WITH AS MUCH SUCCESS AS POSSIBLE IN THE LEAST RESTRICTIVE ENVIRONMENT CONSISTENT WITH HIS/HER INTELLECTUAL AND SOCIAL DEVELOPMENTAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $1,277,174 Revenue: $1,290,705

TO PROVIDE A SCHOOL TO EDUCATE MENTALLY HANDICAPPED CHILDREN.

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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 $279,114

Program Service Revenue $1,269,481

Investment Income $15,286

Other Revenue $40,814

TOTAL REVENUE $1,604,695

Expense Breakdown

Grants Paid $138,216

Salaries & Benefits $1,131,058

Fundraising Expenses $3,571

Program Expenses $1,277,174

Other Expenses $334,691

TOTAL EXPENSES $1,603,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,604,695	$1,391,633	+0.2%
Expenses	$1,603,965	$1,440,719	+0.1%
Net Income	$730	$-49,086	-1.0%

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

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

$107,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MCDONNELL	PRESIDENT	4.00	Officer Director	$0	$0	$0
RON HOHMANN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
HARRIET BLANKENSHIP	SECRETARY	4.00	Officer Director	$0	$0	$0
SISTER BARBARA BIR	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
LISA SMITH	DIRECTOR	2.00	Director	$0	$0	$0
KAREN KIRCHDORFER	DIRECTOR	2.00	Director	$0	$0	$0
LUIZ FERNANDEZ	DIRECTOR	2.00	Director	$0	$0	$0
GEOFF REPP	DIRECTOR	2.00	Director	$0	$0	$0
SUSIE LICHT	DIRECTOR	2.00	Director	$0	$0	$0
DAN MOYERS	TREASURER	4.00	Officer Director	$0	$0	$0
RENEE DOTY	PRINCIPAL	45.00	Officer	$102,919	$4,117	$107,036

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	$1,604,695	$1,603,965	$2,199,783	$730
2023	$1,391,633	$1,440,719	$2,186,441	$-49,086
2022	$1,175,039	$1,374,932	$2,230,806	$-199,893
2021	$1,253,509	$1,240,838	$2,410,327	$12,671
2020	$1,054,257	$1,265,605	$2,544,833	$-211,348
2019	$1,096,475	$1,179,448	$2,615,369	$-82,973