The Philadelphia City Institute

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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

1852

Legal Domicile

Principal Officer

HUNTLEY PLATT

Phone

2156856621

Tax Period

2024-01-01 to 2024-12-31

The Philadelphia City Institute, founded in 1852, is a small nonprofit that reported $479K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $109K, a strong 23% operating margin.

Mission

THE PHILADELPHIA CITY INSTITUTE SUPPORTS VARIOUS PROGRAMS OF THE FREE LIBRARY FOUNDATION OF PHILADELPHIA AND IT LEASES THE REAL PROPERTY, FOR A ONE DOLLAR A YEAR RENT, TO THE CITY OF PHILADELPHIA TO BE USED AS A FREE LIBRARY.

Program Service Accomplishments

Program 1

Expenses: $348,514

THE PHILADELPHIA CITY INSTITUTE FORMED IN 1852, EXISTS TO PROMOTE THE MORAL AND INTELLECTUAL IMPROVEMENT OF YOUNG PERSONS. DURING THE SUBJECT YEAR, THE ORGANIZATION SUPPORTED THE FREE LIBRARY...

THE PHILADELPHIA CITY INSTITUTE FORMED IN 1852, EXISTS TO PROMOTE THE MORAL AND INTELLECTUAL IMPROVEMENT OF YOUNG PERSONS. DURING THE SUBJECT YEAR, THE ORGANIZATION SUPPORTED THE FREE LIBRARY FOUNDATION OF PHILADELPHIA, A PUBLICLY SUPPORTED CHARITABLE, EDUCATIONAL ORGANIZATION. THE ORGANIZATION PROVIDED SUPPORT IN TWO WAYS. FIRST, IT PROVIDED FACILITIES AT 1901 LOCUST STREET, PHILADELPHIA, PENNSYLVANIA FOR THE OPERATION OF THE BRANCH OF THE FREE LIBRARY OF PHILADELPHIA. SECOND, IT MADE A GRANT TO THE SUPPORTED ORGANIZATION TO PROVIDE FINANCIAL SUPPORT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $479,283

Other Revenue $0

TOTAL REVENUE $479,283

Expense Breakdown

Grants Paid $346,897

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $348,514

Other Expenses $23,032

TOTAL EXPENSES $369,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$479,283	$869,679	-0.4%
Expenses	$369,929	$328,651	+0.1%
Net Income	$109,354	$541,028	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Hill	PRESIDENT	1.0	Officer Director	$0	$0	$0
Priscilla Lo	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
Josh Byrne	SECRETARY	1.0	Officer Director	$0	$0	$0
Huntley Platt	TREASURER	1.0	Officer Director	$0	$0	$0
RICHARD RP DISTEFANO ESQ	ASSOCIATE TREASURER	1.0	Officer Director	$0	$0	$0
HANS BOMBECK	BOARD MANAGER	1.0	Director	$0	$0	$0
LEWIS L NEILSON JR ESQ	BOARD MANAGER	1.0	Director	$0	$0	$0
CHARLES T LEE III	Board Manager	1.0	Director	$0	$0	$0
Sara Biemiller	bOARD MANAGER	1.0	Director	$0	$0	$0
BARRY N EISWERTH	BOARD MANAGER	1.0	Director	$0	$0	$0
RACHAEL KATZ	BOARD MEMBER	1.0	Director	$0	$0	$0
JAHLEE HATCHETT	BOARD MEMBER	1.0	Director	$0	$0	$0
RADHIKA COBB	BOARD MEMBER	1.0	Director	$0	$0	$0

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	$479,283	$369,929	$6,100,965	$109,354
2023	$869,679	$328,651	$5,989,411	$541,028
2022	$279,894	$371,295	$5,448,383	$-91,401
2021	$653,322	$324,351	$5,539,784	$328,971
2020	$572,122	$346,227	$5,210,814	$225,895
2019	$658,761	$306,188	$4,984,919	$352,573
2018	$380,968	$305,444	$4,632,345	$75,524