COMMUNITY FOUNDATION OF WESTERN PE… - 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

1981

Legal Domicile

Principal Officer

KAREN WINNER-SED

Phone

7249815882

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION OF WESTERN PENNSYLVANIA AND EASTERN OHIO, founded in 1981, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $20.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $10.4M, a strong 50% operating margin.

Mission

OUR COMMUNITY FOUNDATION IS A PUBLIC, NON-PROFIT CHARITABLE ORGANIZATION DESIGNED TO ATTRACT AND INVEST PERMANENT ENDOWMENT RESOURCES, WITH THE PURPOSE OF ENHANCING THE QUALITY OF LIFE FOR THE RESIDENTS OF WESTERN PENNSYLVANIA AND EASTERN OHIO, IN ACCORDANCE WITH THE CHARITABLE INTENTIONS OF ITS DONORS WHO WISH TO LEAVE A LEGACY. TO FULFILL THIS MISSION, OUR COMMUNITY FOUNDATION WILL: (1) IDENTIFY AND SUPPORT COMMUNITY-BASED CHARITABLE PURPOSES IN THE AREAS OF HEALTH, EDUCATION, ECONOMIC DEVELOPMENT, HUMAN SERVICES, HISTORICAL, CULTURAL AND ENVIRONMENTAL ACTIVITIES (2) HELP TO SHAPE RESPONSES TO COMMUNITY NEEDS THROUGH PHILANTHROPIC LEADERSHIP, COMMITMENT, AND COMPASSION AND (3) DEMONSTRATE ACCOUNTABILITY AND INTEGRITY IN THE MANAGEMENT OF RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $7,066,476

GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS--THE FOUNDATION PROVIDES METHODS FOR DONORS TO MAKE GRANTS TO QUALIFIED CHARITIES BY ACTIVELY PARTICIPATING IN GRANT RECOMMENDATIONS OR BY DESIGNATING A...

GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS--THE FOUNDATION PROVIDES METHODS FOR DONORS TO MAKE GRANTS TO QUALIFIED CHARITIES BY ACTIVELY PARTICIPATING IN GRANT RECOMMENDATIONS OR BY DESIGNATING A QUALIFIED CHARITY.

Program 2

Expenses: $717,903

SCHOLARSHIP PROGRAM--THE FOUNDATION ADMINISTERS MORE THAN 100 DIFFERENT SCHOLARSHIP FUNDS, WHICH ARE PRIMARILY AWARDED TO GRADUATING HIGH SCHOOL SENIORS. THESE SCHOLARSHIPS ARE FOR STUDENTS ATTENDING...

Program 3

Expenses: $203,816

GRANTS TO INDIVIDUALS WITH SIGNIFICANT FINANCIAL NEEDS--THE FOUNDATION PROVIDES EMERGENCY ASSISTANCE TO THOSE MOST IN NEED.

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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 $14,556,729

Program Service Revenue $42,430

Investment Income $5,694,559

Other Revenue $480,951

TOTAL REVENUE $20,774,669

Expense Breakdown

Grants Paid $7,988,195

Salaries & Benefits $821,198

Fundraising Expenses $205,533

Program Expenses $8,591,167

Other Expenses $1,581,822

TOTAL EXPENSES $10,391,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,774,669	$18,135,472	+0.1%
Expenses	$10,391,215	$9,271,307	+0.1%
Net Income	$10,383,454	$8,864,165	+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

400

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

$273,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN WINNER SED	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL STRIMBU	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LEW KACHULIS	TREASURER	1.00	Officer Director	$0	$0	$0
DORENE POWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES O'BRIEN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
RITA CLEMENTE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GABRIEL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GURGOVITS	DIRECTOR	1.00	Director	$0	$0	$0
RON ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
SIMONAE LYLES	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MATHEWS	DIRECTOR	1.00	Director	$0	$0	$0
ERNIE MAY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MILLER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL E O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SHERBONDY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES T WELLER SR	DIRECTOR	1.00	Director	$0	$0	$0
KYLE ENGLISH	EXECUTIVE DIRECTOR	40.00	Officer	$133,322	$14,262	$147,584
DENNIS J LIEB	DIRECTOR OF FINANCE	40.00	Officer	$116,453	$8,990	$125,443

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	$20,774,669	$10,391,215	$131,728,395	$10,383,454
2022	$18,135,472	$9,271,307	$110,760,070	$8,864,165
2021	$16,344,885	$8,840,766	$123,167,161	$7,504,119
2020	$13,305,209	$8,836,187	$113,267,922	$4,469,022

COMMUNITY FOUNDATION OF WESTERN PENNSYLVANIA AND EASTERN OHIO