PITTSBURGH VENTURE CAPITAL ASSOCIATION

EIN: 251566467

BRIDGEVILLE, PA

Total Revenue
$293,094
Total Expenses
$214,682
Total Assets
$200,154
Net Assets
$154,163
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
PA
Principal Officer
KELLY S SZEJKO
Phone
4122285826
Tax Period
2023-08-01 to 2024-07-31

PITTSBURGH VENTURE CAPITAL ASSOCIATION, founded in 1982, is a small nonprofit that reported $293K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $78K, a strong 27% operating margin.

Mission

THE PITTSBURGH VENTURE CAPITAL ASSOCIATION WAS FOUNDED IN 1982 TO CATALYZE VENTURE INVESTMENT AND ENTREPRENEURIALISM IN WESTERN PENNSYLVANIA. SINCE THEN IT HAS BECOME THE LEADING VOICE OF PRIVATE EQUITY INVESTORS IN THE REGION.THROUGH A WIDE RANGE OF PROGRAMS, THE PVCA FACILITATES QUALITY DEAL FLOW, ENCOURAGES INVESTOR COLLABORATION, AND FOSTERS IMPORTANT RELATIONSHIPS WITH KEY SERVICE PROVIDERS. EVERY MAJOR REGIONAL VENTURE CAPITAL FIRM IS REPRESENTED IN OUR MEMBERSHIP, AS WELL AS NUMEROUS FIRST-TIER SERVICE PROVIDERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,490
Program Service Revenue $279,122
Investment Income $22
Other Revenue $1,460
TOTAL REVENUE $293,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,863
Fundraising Expenses $0
Program Expenses $214,682
Other Expenses $108,819
TOTAL EXPENSES $214,682

Year-over-Year Comparison

2023 2022 Change
Revenue $293,094 $430,651 -0.3%
Expenses $214,682 $419,201 -0.5%
Net Income $78,412 $11,450 +5.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
23
Independent Members
22
Employees
1
Volunteers
80

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
5
$101,512
Total Directors
24
$101,512
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE STUBLER CHAIRMAN 1.00
Officer Director
$0 $0 $0
KELLY SZEJKO PRESIDENT 40.00
Officer Director
$83,569 $17,943 $101,512
MICHAEL MATESIC TREASURER 1.00
Officer Director
$0 $0 $0
JOE SLEZAK SECRETARY 1.00
Officer Director
$0 $0 $0
JEREMY GARVEY CHAIRMAN EMERITUS 1.00
Officer Director
$0 $0 $0
DAVID BERK DIRECTOR 1.00
Director
$0 $0 $0
NEHAL BHOJAK DIRECTOR 1.00
Director
$0 $0 $0
DERON CURLISS DIRECTOR 1.00
Director
$0 $0 $0
EDWARD ENGLER DIRECTOR 1.00
Director
$0 $0 $0
JAMES HALUSZCZAK DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW HARBAUGH DIRECTOR 1.00
Director
$0 $0 $0
KELAUNI JASMYN DIRECTOR 1.00
Director
$0 $0 $0
DAVID KALSON DIRECTOR 1.00
Director
$0 $0 $0
ERIC KLINE DIRECTOR 1.00
Director
$0 $0 $0
MITCHELL KOKKO DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KOPELMAN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MAGLIO DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY PISANO DIRECTOR 1.00
Director
$0 $0 $0
VEN RAJU DIRECTOR 1.00
Director
$0 $0 $0
NICHOLAS SHAPIRO DIRECTOR 1.00
Director
$0 $0 $0
LIZ TODIA DIRECTOR 1.00
Director
$0 $0 $0
ADAM WICKS DIRECTOR 1.00
Director
$0 $0 $0
BEN WILSON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WOOLDRIDGE DIRECTOR 1.00
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 $293,094 $214,682 $200,154 $78,412
2023 $430,651 $419,201 $121,742 $11,450
2022 $205,819 $255,535 $79,987 $-49,716
2021 $193,865 $236,653 $156,463 $-42,788
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