GREATER PITTSBURGH CONVENTION & VI… - 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

1979

Legal Domicile

Principal Officer

JERAD BACAHAR

Phone

4123250301

Tax Period

2023-01-01 to 2023-12-31

GREATER PITTSBURGH CONVENTION & VISITORS BUREAU EDUCATIONAL FOUNDATION INC, founded in 1979, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 45171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 96% operating margin.

Mission

TO EDUCATE AND PROMOTE THE UNDERSTANDING OF THE OVERALL PUBLIC CONCERNING THE HISTORICAL & CULTURAL ASPECTS OF PITTSBURGH AND SOUTHWESTERN PA.

Program Service Accomplishments

Program 1

Expenses: $68,216

DEVELOPMENT OF REGIONAL MARKETING PROGRAMS FOR SOUTHWESTERN PA INCLUDING DEVELOPMENT OF OFFICE OF CULTURAL TOURISM AND DEVELOPMENT OF SPIKE INDUSTRY TRADE SHOW.

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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 $2,003,810

Program Service Revenue $0

Investment Income $8,034

Other Revenue $0

TOTAL REVENUE $2,011,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,216

Other Expenses $77,834

TOTAL EXPENSES $77,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,011,844	$4,444	+451.7%
Expenses	$77,834	$26,531	+1.9%
Net Income	$1,934,010	$-22,087	-88.6%

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

$471,902

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE MELOY BURCHFIELD	BOARD CHAIR	0.80	Officer Director	$0	$0	$0
MEREDITH MEYER-GRELLI	IMMEDIATE PAST CHAIR	0.80	Officer Director	$0	$0	$0
PERRY IVERY	VICE CHAIRMAN	0.80	Officer Director	$0	$0	$0
TROY SCHOOLEY	TREASURER	0.80	Officer Director	$0	$0	$0
SHANNON BAKER	SECRETARY	0.80	Officer Director	$0	$0	$0
JERAD BACHAR	CEO & PRESIDENT	8.00	Officer	$0	$33,929	$471,902

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	$2,011,844	$77,834	$2,295,230	$1,934,010
2019	$24,666	$263,750	$427,958	$-239,084
2018	$228,211	$119,148	$674,036	$109,063

GREATER PITTSBURGH CONVENTION & VISITORS BUREAU EDUCATIONAL FOUNDATION INC