THE PITTSBURGH FOUNDATION (EIN 250965466) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

ELISABETH M SCHROEDER

Phone

4123915122

Tax Period

2023-01-01 to 2023-12-31

THE PITTSBURGH FOUNDATION, founded in 1945, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $80.3M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Net assets of $1.3B represent 198 months of operating reserves.

Mission

THE PITTSBURGH FOUNDATION WORKS TO IMPROVE THE QUALITY OF LIFE IN THE PITTSBURGH REGION SEE SCH O BY EVALUATING AND ADDRESSING COMMUNITY ISSUES, PROMOTING RESPONSIBLE PHILANTHROPY, AND CONNECTING DONORS TO THE CRITICAL NEEDS OF THE COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $40,749,137

Program Service Revenue $743,511

Investment Income $38,778,764

Other Revenue $4,476

TOTAL REVENUE $80,275,888

Expense Breakdown

Grants Paid $59,441,174

Salaries & Benefits $9,367,828

Fundraising Expenses $2,633,770

Program Expenses $67,510,348

Other Expenses $11,962,322

TOTAL EXPENSES $80,771,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,275,888	$91,513,611	-0.1%
Expenses	$80,771,324	$82,468,046	0.0%
Net Income	$-495,436	$9,045,565	-1.1%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

469

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

$1,306,261

Total Directors

Key Employees

$506,132

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC CHERNA	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH DEMCHAK	DIRECTOR	1.00	Director	$0	$0	$0
LAURA ELLSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM GENERETT JR	DIRECTOR	1.00	Director	$0	$0	$0
REV GLENN GRAYSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
AMY K MARSH	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
TONI MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN PALLITTO	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM STRICKLAND	DIRECTOR	1.00	Director	$0	$0	$0
DR WALTER SMITH	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN R MCGINLEY JR	CHAIR	1.00	Officer Director	$0	$0	$0
ANNE V LEWIS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
KAMAL NIGAM	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA KARET	TREASURER	1.00	Officer Director	$0	$0	$0
ELISABETH SCHROEDER	PRESIDENT/CEO	50.00	Officer	$616,727	$73,375	$690,102
JONATHAN BRELSFORD	CIO & SVP OPERATIONS	40.00	Officer	$293,187	$68,265	$361,452
BRYAN TAIT ASST TREASURER	VP FINANCE & OPERATIONS	40.00	Officer	$195,016	$59,691	$254,707
MICHELLE MCMURRAY	VP PROGRAM & COMMUNITY ENGAGEMENT	40.00	Key Emp	$202,438	$60,140	$262,578
LINDSAY AROESTY	VP DEVELOPMENT & DONOR SVC	40.00	Key Emp	$179,600	$63,954	$243,554
DOUG ROOT	VP COMMUNICATIONS	40.00	Highest	$229,726	$50,874	$280,600
JENNIE ZIONCHECK	CHIEF OF STAFF/STRAT IMPLEMENTATION	40.00	Highest	$208,240	$51,962	$260,202
PHIL KOCH	VP POLICY/COMM IMPACT	40.00	Highest	$205,908	$62,730	$268,638
JANE DOWNING	SR PROGRAM OFFICER	40.00	Highest	$177,545	$33,965	$211,510
MICHAEL YONAS	VP PUB HEALTH RESEARCH/LEARNING	40.00	Highest	$176,843	$56,290	$233,133

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	No data	No data	No data	No data
2023	$80,275,888	$80,771,324	$1,401,303,944	$-495,436
2022	$91,513,611	$82,468,046	$1,291,404,891	$9,045,565
2021	$149,183,284	$74,715,056	$1,518,120,169	$74,468,228
2020	$110,535,351	$82,942,098	$1,354,368,497	$27,593,253
2019	$88,473,154	$65,362,970	$1,226,779,411	$23,110,184
2018	$138,104,122	$66,543,641	$1,069,725,707	$71,560,481

THE PITTSBURGH FOUNDATION