BRADFORD EDUCATIONAL FOUNDATION

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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

1981

Legal Domicile

Principal Officer

CRAIG HARTBURG

Phone

8143627525

Tax Period

2023-07-01 to 2024-06-30

BRADFORD EDUCATIONAL FOUNDATION, founded in 1981, is a community nonprofit in the Education sector that reported $8.3M in total revenue in fiscal year 2023. Revenue surged 337% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 59% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION IS TO IMPROVE AND ENHANCE THE QUALITY OF THE BRADFORD CAMPUS OF THE UNIVERSITY OF PITTSBURGH THROUGH GRANTS FOR VARIOUS ACADEMIC, EDUCATIONAL, CULTURAL, SPORTS, AND RECREATIONAL PROGRAMS, AND TO PROMOTE FACULTY DEVELOPMENT THROUGH GRANTS FOR SABBATICALS, SEMINARS, RESEARCH; AND OTHER EDUCATIONAL PROGRAMS FOR FACULTY IMPROVEMENTS.

Program Service Accomplishments

Program 1

Expenses: $2,821,437

TO RECEIVE, ADMINISTER AND DISTRIBUTE PROPERTY EXCLUSIVELY IN CONNECTION WITH AND FOR THE BENEFIT OF THE BRADFORD CAMPUS OF THE UNIVERSITY OF PITTSBURGH FOR EDUCATIONAL, CHARITABLE OR CULTURAL...

TO RECEIVE, ADMINISTER AND DISTRIBUTE PROPERTY EXCLUSIVELY IN CONNECTION WITH AND FOR THE BENEFIT OF THE BRADFORD CAMPUS OF THE UNIVERSITY OF PITTSBURGH FOR EDUCATIONAL, CHARITABLE OR CULTURAL PURPOSES.

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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 $7,201,405

Program Service Revenue $0

Investment Income $1,093,852

Other Revenue $0

TOTAL REVENUE $8,295,257

Expense Breakdown

Grants Paid $2,821,437

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,821,437

Other Expenses $594,238

TOTAL EXPENSES $3,415,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,295,257	$1,898,466	+3.4%
Expenses	$3,415,675	$2,743,028	+0.2%
Net Income	$4,879,582	$-844,562	-6.8%

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

$399,508

Total Directors

$550,892

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD T ESCH	VICE PRESIDENT	1.00	Officer Director	$0	$37,293	$292,893
HONORABLE JOHN CLELAND	DIRECTOR	1.00	Director	$0	$0	$0
JEANNINE SCHOENECKER	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY FANNIN	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG HARTBURG	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUDITH BODAMER	DIRECTOR	1.00	Director	$0	$7,057	$42,118
CHRISTY L CLARK RUFFNER	DIRECTOR (THROUGH 10/12/23)	1.00	Director	$0	$33,119	$131,943
CHRISTINE L TYLER	DIRECTOR	1.00	Director	$0	$16,738	$83,938
STEVEN E WILLIAMS	TREASURER (THROUGH 7/30/24)	1.00	Officer	$0	$30,329	$106,615
DR A CATHERINE KOVEROLA	FORMER VP (THROUGH 6/29/21)	1.00		$0	$43,894	$246,539
LAWRENCE FEICK	FORMER VP (THROUGH 5/31/19)	1.00		$0	$65,037	$468,144

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	$8,295,257	$3,415,675	$46,670,699	$4,879,582
2023	$1,898,466	$2,743,028	$39,559,520	$-844,562
2022	$7,196,164	$2,279,770	$39,203,686	$4,916,394
2021	$4,396,603	$1,700,791	$42,286,294	$2,695,812
2020	$5,561,419	$2,680,198	$35,618,795	$2,881,221
2019	$1,967,965	$1,611,442	$31,850,023	$356,523
2018	$3,235,284	$1,561,516	$30,421,883	$1,673,768