THE LANDMARKS FINANCIAL CORPORATION

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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

1984

Legal Domicile

Principal Officer

MICHAEL SRIPRASERT

Phone

4124715808

Tax Period

2024-01-01 to 2024-12-31

THE LANDMARKS FINANCIAL CORPORATION, founded in 1984, is a community nonprofit in the Public & Societal Benefit sector that reported $8.7M in total revenue in fiscal year 2024. Revenue surged 191% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.3M, a strong 72% operating margin.

Mission

TO HOLD, MANAGE, INVEST, AND DISTRIBUTE FUNDS IN WAYS WHICH PROMOTE & SUPPORT OR WHICH ARE IN FUTHERANCE OF THE INTERESTS AND PURPOSES OF PITTSBURGH HISTORY & LANDMARKS FOUNDATION & OTHER ORGANIZATIONS WHICH (A) QUALIFY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, (B) ARE SECTION 509(A)(1) OR 509(A)(2) ORGANIZATIONS, AND (C) ARE OPERATED IN CONNECTION WITH PITTSBURGH HISTORY & LANDMARKS FOUNDATION.

Program Service Accomplishments

Program 1

Expenses: $2,452,329

INVESTMENT MANAGEMENT AND SUPPORT FOR PITTSBURGH HISTORY & LANDMARKS FOUNDATION AND OTHER RELATED ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $8,747,534

Other Revenue $0

TOTAL REVENUE $8,747,534

Expense Breakdown

Grants Paid $2,297,679

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,452,329

Other Expenses $184,442

TOTAL EXPENSES $2,482,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,747,534	$3,004,579	+1.9%
Expenses	$2,482,121	$2,858,262	-0.1%
Net Income	$6,265,413	$146,317	+41.8%

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

$861,804

Total Directors

Key Employees

$260,977

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HART	CHAIR	1.50	Officer Director	$0	$0	$0
JANA LYONS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MARK GORMAN	SECRETARY	0.15	Officer Director	$0	$0	$0
LARRY DUNN	TREASURER	0.25	Officer Director	$0	$0	$0
ADAM EMBRY	TRUSTEE	0.15	Director	$0	$0	$0
BEN GARBER	TRUSTEE	0.50	Director	$0	$0	$0
KEVIN JENKINS	TRUSTEE	0.50	Director	$0	$0	$0
CORBIN P MILLER	TRUSTEE	0.50	Director	$0	$0	$0
RAJEEV NATH	TRUSTEE	0.15	Director	$0	$0	$0
KEVIN O'DONNELL	TRUSTEE	1.50	Director	$0	$0	$0
HERMAN L REID JR	TRUSTEE	0.50	Director	$0	$0	$0
STEVEN SEKELIK	TRUSTEE	0.50	Director	$0	$0	$0
DANA STROUCKEN	TRUSTEE	0.20	Director	$0	$0	$0
JT THOMAS	TRUSTEE	0.50	Director	$0	$0	$0
ANDREW WOZNIAK	TRUSTEE	1.00	Director	$0	$0	$0
ELISE ROBY YANDERS	TRUSTEE	0.50	Officer Director	$0	$0	$0
ARTHUR P ZIEGLER JR	CO-FOUNDER	1.00	Officer	$0	$31,020	$369,060
MICHAEL SRIPRASERT	PRESIDENT	1.00	Officer	$0	$30,036	$350,373
ANDREW MARKS	CONTROLLER	10.00	Officer	$0	$32,122	$142,371
DONALD KORTLANDT	GENERAL COUNSEL	3.00	Key Emp	$0	$39,976	$260,977

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	$8,747,534	$2,482,121	$166,500,803	$6,265,413
2023	$3,004,579	$2,858,262	$152,645,114	$146,317
2022	$3,235,663	$1,708,303	$136,969,350	$1,527,360
2021	$14,945,748	$1,324,920	$163,255,408	$13,620,828
2020	$8,803,240	$1,917,256	$147,203,731	$6,885,984
2019	$4,443,915	$2,443,702	$135,338,871	$2,000,213
2018	$8,875,464	$3,817,009	$118,199,764	$5,058,455