POINT PARK UNIVERSITY

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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

1960

Legal Domicile

Principal Officer

CHRIS W BRUSSALIS

Phone

4123923992

Tax Period

2023-09-01 to 2024-08-31

POINT PARK UNIVERSITY, founded in 1960, is a major nonprofit that reported $131.3M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

PROVIDES INNOVATIVE EDUCATION IN A DYNAMIC URBAN SETTING. DEDICATED TO ACADEMIC EXCELLENCE AND COMMUNITY ENGAGEMENT,WE PREPARE STUDENTS OF DIVERSE BACKGROUNDS WITH THE KNOWLEDGE, SKILL,AND EXPERIENCE TO LEAD MEANINGFUL LIVES AS INFORMED CITIZENS AND SUCCESSFUL PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $79,677,311 Revenue: $102,001,346

INSTRUCTION- INCLUDES 5 ACADEMIC SCHOOLS; SCHOOL OF ARTS & SCIENCES, ROWLAND SCHOOL OF BUSINESS, SCHOOL OF COMMUNICATION, CONVERSATORY OF PERFORMING ARTS, AND SCHOOL OF EDUCATION, SERVING 2,323...

INSTRUCTION- INCLUDES 5 ACADEMIC SCHOOLS; SCHOOL OF ARTS & SCIENCES, ROWLAND SCHOOL OF BUSINESS, SCHOOL OF COMMUNICATION, CONVERSATORY OF PERFORMING ARTS, AND SCHOOL OF EDUCATION, SERVING 2,323 UNDERGRADUATE AND 976 GRADUATE STUDENTS (FALL 2023 CENSUS), AS WELL AS THE PITTSBURGH PLAYHOUSE WHICH PROVIDES APPLIED TRAINING FOR STUDENTS. POPULAR AREAS OF STUDY ARE CRIMINAL JUSTICE & NATIONAL SECURITY, HUMANITIES & SOCIAL SCIENCES, LITERARY ARTS, NATURAL SCIENCES & ENGINEERING TECHNOLOGY, PSYCHOLOGY, ACCOUNTING, ECONOMICS, FINANCE, INFORMATION TECHNOLOGY, BUSINESS MANAGEMENT, SPORTS, ARTS, & ENTERTAINMENT MANAGEMENT, COMMUNICATIONS, CINEMA ARTS, DANCE, THEATRE, COMMUNITY ENGAGEMENT, & EDUCATION. IN ADDITION TO NUMEROUS UNDERGRADUATE DEGREES, THE SCHOOL OFFERS 22 MASTER'S DEGREES AND 3 DOCTORAL DEGREES.

Program 2

Expenses: $27,703,252 Revenue: $642,753

ACADEMIC SUPPORT & STUDENT SERVICES- ACADEMIC SUPPORT PROVIDES SUPPORT FOR THE SCHOOL'S PRIMARY ACADEMIC MISSION. INCLUDES LIBRARY SERVICES, UNIVERSITY ADVISING CENTER, INFORMATION & MEDIA CENTERS...

ACADEMIC SUPPORT & STUDENT SERVICES- ACADEMIC SUPPORT PROVIDES SUPPORT FOR THE SCHOOL'S PRIMARY ACADEMIC MISSION. INCLUDES LIBRARY SERVICES, UNIVERSITY ADVISING CENTER, INFORMATION & MEDIA CENTERS, PROVOST OFFICE & TEACHING & LEARNING LAB. STUDENT SERVICES INCLUDES ADMISSIONS, CAREER DEVELOPMENT, FINANCIAL AID ADMINISTRATION, REGISTRAR, STUDENT ACTIVITIES, STUDENT AFFAIRS OFFICE, AS WELL AS 17 MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETIC TEAMS.

Program 3

Expenses: $8,655,552 Revenue: $10,468,291

AUXILIARY ENTERPRISES- SUPPORT OF DORMITORIES, DINING HALL, CAFE, BOOKSTORE AND RECREATION CENTER FOR STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY.

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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 $3,827,325

Program Service Revenue $113,112,390

Investment Income $14,265,757

Other Revenue $114,953

TOTAL REVENUE $131,320,425

Expense Breakdown

Grants Paid $44,411,499

Salaries & Benefits $50,059,950

Fundraising Expenses $2,070,593

Program Expenses $116,036,115

Other Expenses $36,751,478

TOTAL EXPENSES $131,291,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,320,425	$116,941,857	+0.1%
Expenses	$131,291,298	$129,931,296	+0.0%
Net Income	$29,127	$-12,989,439	-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

1539

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

$1,573,534

Total Directors

Key Employees

$1,463,372

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA M CIBIK MD	BOARD MEMBER & CHAIR	3.00	Officer Director	$0	$0	$0
JAMIE INFERRERA ESQ	BOARD MEMBER & VICE CHAIR	3.00	Officer Director	$0	$0	$0
DAVID S DUNCAN	BOARD MEMBER & SECRETARY	3.00	Officer Director	$0	$0	$0
JOANN BANEY	BOARD MEMBER	1.50	Director	$0	$0	$0
GARY BETHEL	BOARD MEMBER (ST. 2/2024)	1.50	Director	$0	$0	$0
JEFFREY COHEN	BOARD MEMBER	1.50	Director	$0	$0	$0
MATT CUNNINGHAM	BOARD MEMBER	1.50	Director	$0	$0	$0
LOUIS DINARDO	BOARD MEMBER	1.50	Director	$0	$0	$0
DARYL FIELDS MD PHD	BOARD MEMBER (ST. 2/2024)	1.50	Director	$0	$0	$0
YALE GUTNICK ESQ	BOARD MEMBER	1.50	Director	$0	$0	$0
EDWARD HABERLE	BOARD MEMBER	1.50	Director	$0	$0	$0
DONALD J JENKINS	BOARD MEMBER (EXITED 7/2024)	1.50	Director	$0	$0	$0
DEAN JORDAN	BOARD MEMBER (EXITED 11/2023)	1.50	Director	$0	$0	$0
J KEVIN MCMAHON	BOARD MEMBER	1.50	Director	$0	$0	$0
REP ROBERT MERCURI	BOARD MEMBER	1.50	Director	$0	$0	$0
JIMMY MILLER	BOARD MEMBER	1.50	Director	$0	$0	$0
RICH PEGHER	BOARD MEMBER	1.50	Director	$0	$0	$0
JEFF POFFENBARGER	BOARD MEMBER (ST. 2/2024)	1.50	Director	$0	$0	$0
PEGGY SCHIAVONE ED D	BOARD MEMBER	1.50	Director	$0	$0	$0
JACK TOMAYKO PHD	BOARD MEMBER	1.50	Director	$0	$0	$0
SAURABH TRIPATHI	BOARD MEMBER	1.50	Director	$0	$0	$0
BARBARA VANKIRK	BOARD MEMBER (ST. 8/2024)	1.50	Director	$0	$0	$0
TRAVIS WILLIAMS	BOARD MEMBER (ST. 2/2024)	1.50	Director	$0	$0	$0
BRIDGET MANCOSH	SR VP FINANCE/OPR.& BOARD TREAS.	40.00	Officer	$338,713	$50,337	$389,050
MICHAEL SOTO	PROVOST	40.00	Officer	$242,702	$94,810	$337,512
ANDREW HUGHEY EXITED 62024	SR. VP/GENERAL COUNSEL/BOA	40.00	Officer	$246,452	$31,621	$278,073
CHRIS W BRUSSALIS EDD	PRESIDENT	40.00	Officer	$494,669	$74,230	$568,899
JOSIE BROWN EXITED 62024	DEAN & ARTISTIC DIRECTOR	40.00	Key Emp	$159,908	$24,717	$184,625
THEODORE BLACK	SR. VP OF INST. ADV. & STRATEGY	40.00	Key Emp	$284,801	$17,405	$302,206
KEITH PAYLO	VP OF STUDENT AFFAIRS	40.00	Key Emp	$170,877	$40,405	$211,282
STEPHEN TANZILLI	DEAN ROW. SCHOOL OF BUSINESS	40.00	Key Emp	$181,985	$23,615	$205,600
GARFIELD LEMONIUS	DEAN & ARTISTIC DIRECTOR	40.00	Key Emp	$159,450	$21,685	$181,135
KIESHA LALAMA	MANAGING & ARTISTIC DIRECTOR	40.00	Key Emp	$180,316	$13,033	$193,349
NATALIE RICE	VP OF HUMAN RESOURCES	40.00	Key Emp	$156,787	$28,388	$185,175
KAREN MCINTYRE	PROFESSOR	40.00	Highest	$209,817	$28,344	$238,161
TIMOTHY WILSON	ASSOCIATE VP OF IT	40.00	Highest	$168,859	$71,410	$240,269
DARLENE MARNICH	PROFESSOR	40.00	Highest	$206,301	$30,611	$236,912
JAMES HARDT	ASST. VP FINANCE	40.00	Highest	$163,266	$29,195	$192,461
DIMITRIS KRANIOU	PROFESSOR	40.00	Highest	$160,913	$20,644	$181,557
DONALD GREEN	FORMER PRESIDENT	0.00		$403,984	$3,575	$407,559
PAUL HENNIGAN	FORMER OFFICER/PRESIDENT EMERITUS	40.00		$287,614	$37,159	$324,773

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	$131,320,425	$131,291,298	$197,631,041	$29,127
2023	$116,941,857	$129,931,296	$191,322,220	$-12,989,439
2022	$126,829,529	$128,943,326	$203,147,496	$-2,113,797
2021	$122,379,566	$123,752,230	$213,510,842	$-1,372,664
2020	$126,694,029	$122,414,006	$208,533,496	$4,280,023
2019	$124,270,275	$122,971,020	$211,727,995	$1,299,255
2018	$121,241,929	$120,818,215	$219,445,664	$423,714