UNIVERSITY OF PITTSBURGH

EIN: 250965591 501(c)(3) Education

PITTSBURGH, PA

Total Revenue
$3,139,570,956
Total Expenses
$3,148,143,304
Total Assets
$9,680,542,422
Net Assets
$6,862,272,486
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1787
Legal Domicile
PA
Principal Officer
PATRICK D GALLAGHER
Phone
4126243189
Tax Period
2022-07-01 to 2023-06-30

UNIVERSITY OF PITTSBURGH, founded in 1787, is a large national nonprofit in the Education sector that reported $3.1B in total revenue in fiscal year 2022. Net assets of $6.9B represent 26 months of operating reserves.

Mission

TO PROVIDE HIGH QUALITY EDUCATIONAL SERVICES, RESEARCH, AND COMMUNITY SERVICE.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $565,546,032
Program Service Revenue $2,401,300,421
Investment Income $141,313,501
Other Revenue $31,411,002
TOTAL REVENUE $3,139,570,956

Expense Breakdown

Grants Paid $429,008,070
Salaries & Benefits $1,690,240,053
Fundraising Expenses $29,847,245
Program Expenses $2,845,138,582
Other Expenses $1,028,248,407
TOTAL EXPENSES $3,148,143,304

Year-over-Year Comparison

2022 2021 Change
Revenue $3,139,570,956 $3,230,553,057 0.0%
Expenses $3,148,143,304 $2,920,271,052 +0.1%
Net Income $-8,572,348 $310,282,005 -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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Governance

Voting Members
35
Independent Members
28
Employees
28506
Volunteers
166

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
11
$7,355,100
Total Directors
37
$4,833,573
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD J GREFENSTETTE TRUSTEE 5.00
Director
$0 $1,854,743 $3,989,219
PATRICK D GALLAGHER CHANCELLOR / CEO 40.00
Officer Director
$679,385 $139,969 $844,354
JOHN A BARBOUR TRUSTEE 5.00
Director
$0 $0 $0
SALISA BERRIEN TRUSTEE 5.00
Director
$0 $0 $0
EVA TANSKY BLUM TRUSTEE 5.00
Director
$0 $0 $0
SUNDAA BRIDGETT-JONES TRUSTEE 5.00
Director
$0 $0 $0
DOUGLAS M BROWNING CHAIR OF THE BOT 5.00
Officer Director
$0 $0 $0
GARY T BROWNLEE TRUSTEE 5.00
Director
$0 $0 $0
LOUIS R CESTELLO TRUSTEE 5.00
Director
$0 $0 $0
DAVID C CHAVERN TRUSTEE 5.00
Director
$0 $0 $0
VAUGHN S CLAGETTE TRUSTEE 5.00
Director
$0 $0 $0
JAY COSTA JR TRUSTEE 5.00
Director
$0 $0 $0
JAMES P COVERT TRUSTEE 5.00
Director
$0 $0 $0
BRADLEY J FRANC THRU 1122 TRUSTEE 5.00
Director
$0 $0 $0
DEBORAH J GILLOTTI TRUSTEE 5.00
Director
$0 $0 $0
LISA A GOLDEN TRUSTEE 5.00
Director
$0 $0 $0
DAWNE S HICKTON TRUSTEE 5.00
Director
$0 $0 $0
DIANE P HOLDER TRUSTEE 5.00
Director
$0 $0 $0
SY HOLZER THRU 1122 TRUSTEE 5.00
Director
$0 $0 $0
PATRICIA D HOROHO TRUSTEE 5.00
Director
$0 $0 $0
S JEFFREY KONDIS TRUSTEE 5.00
Director
$0 $0 $0
WILLIAM K LIEBERMAN TRUSTEE 5.00
Director
$0 $0 $0
ROBERTA A LUXBACHER TRUSTEE 5.00
Director
$0 $0 $0
JOHN A MAHER III TRUSTEE 5.00
Director
$0 $0 $0
ERIN W MCDOWELL TRUSTEE 5.00
Director
$0 $0 $0
LARRY J MERLO TRUSTEE 5.00
Director
$0 $0 $0
NATALIE MIHALEK TRUSTEE 5.00
Director
$0 $0 $0
VALERIE NJIE TRUSTEE 5.00
Director
$0 $0 $0
JOHN H PELUSI JR TRUSTEE 5.00
Director
$0 $0 $0
ROBERT RITSON JR TRUSTEE 5.00
Director
$0 $0 $0
JACK T TIGHE III TRUSTEE 5.00
Director
$0 $0 $0
PETER C VARISCHETTI TRUSTEE 5.00
Director
$0 $0 $0
JOHN J VERBANAC TRUSTEE 5.00
Director
$0 $0 $0
ADAM C WALKER TRUSTEE 5.00
Director
$0 $0 $0
WILLIAM WARD JR TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL G WELLS TRUSTEE 5.00
Director
$0 $0 $0
JAKE WHEATLEY JR TRUSTEE 5.00
Director
$0 $0 $0
ANANTHA SHEKHAR SVC HEALTH SCIENCES 40.00
Officer
$1,378,891 $157,775 $1,536,666
JEFFER CHOUDHRY CHIEF INVESTMENT OFFICER 40.00
Officer
$1,340,904 $22,475 $1,363,379
PAUL LAWRENCE TREASURER 40.00
Officer
$723,889 $79,632 $803,521
ANN E CUDD PROVOST/SR VICE CHANCELLOR 40.00
Officer
$489,277 $70,047 $559,324
ROBIN A RUTENBAR SR VICE CHANCELLOR- RESEARCH 40.00
Officer
$442,651 $62,317 $504,968
DAVID N DEJONG SVC BUSINESS OPS 40.00
Officer
$420,520 $83,742 $504,262
GEOVETTE E WASHINGTON SVC & CHIEF LEGAL OFFICER 40.00
Officer
$444,923 $47,658 $492,581
NARAHARI SASTRY CFO/SR VICE CHANCELLOR 40.00
Officer
$403,888 $56,976 $460,864
ROSALYN E JONES VC/SECRETARY OF THE BOT 40.00
Officer
$254,328 $30,853 $285,181
PATRICK R NARDUZZI HEAD FOOTBALL COACH 40.00
Highest
$6,443,259 $256,292 $6,699,551
F JEFFREY CAPEL III HEAD MEN'S BASKETBALL COACH 40.00
Highest
$3,546,396 $44,217 $3,590,613
HEATHER R LYKE DIRECTOR OF ATHLETICS 40.00
Highest
$1,557,361 $130,362 $1,687,723
RANDY V BATES ASSISTANT FOOTBALL COACH 40.00
Highest
$868,538 $69,406 $937,944
FRANK CIGNETTI ASSISTANT FOOTBALL COACH 40.00
Highest
$753,489 $42,986 $796,475
ARTHUR S LEVINE FMR SVC HEALTH SCIENCES THRU 6/1/20 40.00
$1,499,390 $53,427 $1,552,817
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 $3,139,570,956 $3,148,143,304 $9,680,542,422 $-8,572,348
2022 $3,230,553,057 $2,920,271,052 $9,742,545,228 $310,282,005
2021 $3,225,989,623 $2,749,837,309 $9,651,464,888 $476,152,314
2020 $2,841,711,849 $2,783,085,931 $8,011,856,079 $58,625,918
2019 $2,798,847,966 $2,566,312,947 $7,202,327,097 $232,535,019
2018 $2,547,662,312 $2,363,753,770 $6,896,394,922 $183,908,542
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