SOCIETY FOR THE PRESERVATION OF TH… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

ROBERT Z FIERST

Phone

4123811665

Tax Period

2023-01-01 to 2023-12-31

SOCIETY FOR THE PRESERVATION OF THE DUQUESNE HEIGHTS INCLINE, founded in 1964, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $493K, a strong 31% operating margin.

Mission

OPERATION AND MAINTENANCE OF THE HISTORIC DUQUESNE HEIGHTS INCLINE FOR USE BY COMMUTERS AND VISITORS. There were 602,831 passengers carried in 2023..

Program Service Accomplishments

Program 1

Expenses: $1,106,282 Revenue: $1,465,303

OPERATION AND MAINTENANCE OF THE HISTORIC DUQUESNE HEIGHTS INCLINE FOR USE BY COMMUTERS AND VISITORS. There were 602,831 passengers carried in 2023.

Program 2

The Duquesne Incline is a working museum. The upper station, on Grandview Avenue, includes a platform for the public to view the Incline's historic hoisting equipment, as well as displays regarding the history of the Incline and the City of Pittsburgh, along with pictures of other cable and rail cars from around the world. Additionally, the Society provides free history and tourism information at the upper station in partnership with VisitPittsburgh, the official non-profit tourist promotion agency for Allegheny County. Built in 1877, the Incline was listed on the National Register of Historic Places in 1975, and was designated a National Mechanical Engineering Landmark in 1977. Adjacent to the Incline, on the Grandview Avenue level there is a large outdoor observation deck that provides a spectacular view of Downtown Pittsburgh and the junction of the three rivers, an attraction that draws an international ridership to the Incline.

Program 3

The upper station on Grandview Avenue, includes a museum gift shop where souvenir merchandise and publications are sold to visitors.

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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 $9,247

Program Service Revenue $1,310,763

Investment Income $154,540

Other Revenue $124,858

TOTAL REVENUE $1,599,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $488,092

Fundraising Expenses $0

Program Expenses $1,106,282

Other Expenses $618,190

TOTAL EXPENSES $1,106,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,599,408	$1,457,796	+0.1%
Expenses	$1,106,282	$868,113	+0.3%
Net Income	$493,126	$589,683	-0.2%

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

N/A

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
HEATHER SEIDERS	TREASURER	2.00	Officer Director	$0	$0	$0
CLYDE BRUNK	DIRECTOR	6.00	Officer Director	$0	$0	$0
MICHAEL SYDLIK	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT Z FIERST	CHAIRMAN & CEO	4.00	Officer Director	$0	$0	$0
ELIZABETH MCCALL	SECRETARY	2.00	Director	$0	$0	$0
DAVID J VATER	VICE PRESIDENT	2.00	Director	$0	$0	$0
JEFFREY KRAMER	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER P FURMAN	PRESIDENT	2.00	Director	$0	$0	$0
STEPHEN B KUZNETSOV	DIRECTOR	2.00	Director	$0	$0	$0
TOM MCDERMOTT	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$1,599,408	$1,106,282	$8,347,508	$493,126
2022	$1,457,796	$868,113	$7,518,211	$589,683
2021	$1,163,232	$831,584	$7,689,775	$331,648
2020	$593,657	$803,809	$7,204,947	$-210,152
2019	$1,607,323	$954,249	$7,349,217	$653,074
2018	$1,587,500	$977,011	$6,361,930	$610,489

SOCIETY FOR THE PRESERVATION OF THE DUQUESNE HEIGHTS INCLINE