PENNSYLVANIA RESTAURANT AND LODGING ASSOCIATION EDUCATIONAL FOUNDATION

EIN: 251607840 501(c)(3) Education

HARRISBURG, PA

Total Revenue
$325,442
Total Expenses
$280,586
Total Assets
$1,255,462
Net Assets
$1,222,669
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
PA
Principal Officer
JOSEPH MASSARO
Phone
7172324433
Tax Period
2023-01-01 to 2023-12-31

PENNSYLVANIA RESTAURANT AND LODGING ASSOCIATION EDUCATIONAL FOUNDATION, founded in 1989, is a small nonprofit in the Education sector that reported $325K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $281K left a modest 14% surplus.

Mission

TO ADVANCE AND SUPPORT THE HOSPITALITY INDUSTRY IN PENNSYLVANIA BY PROVIDING EDUCATIONAL PROGRAMMING, SCHOLARSHIPS TO STUDENTS IN PENNSYLVANIA FOR SECONDARY STUDY AND EMERGENCY FUNDING TO HOSPITALITY WORKERS THROUGH ITS RELIEF FUND

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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 $241,693
Program Service Revenue $0
Investment Income $83,749
Other Revenue $0
TOTAL REVENUE $325,442

Expense Breakdown

Grants Paid $74,623
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $221,148
Other Expenses $205,963
TOTAL EXPENSES $280,586

Year-over-Year Comparison

2023 2022 Change
Revenue $325,442 $249,859 +0.3%
Expenses $280,586 $225,742 +0.2%
Net Income $44,856 $24,117 +0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
4
$287,750
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH MASSARO SECRETARY 0.20
Officer
$0 $22,411 $287,750
BENJAMIN FILECCIA SENIOR VP 0.20
Highest
$0 $12,910 $151,326
JENNIFER AQUILLA MEMBER 0.20
Director
$0 $0 $0
MICHAEL BARRETT MEMBER 0.20
Director
$0 $0 $0
CHRIS BOYD MEMBER 0.20
Director
$0 $0 $0
ROB COMMERO MEMBER 0.20
Director
$0 $0 $0
QAMARA EDWARDS VP WORKFORCE 0.20
Officer Director
$0 $0 $0
STEVE MUSCIANO MEMBER 0.20
Director
$0 $0 $0
TOM NEELY IMMEDIATE PA 0.20
Director
$0 $0 $0
ISIDORE OGOUSSAN MEMBER 0.20
Director
$0 $0 $0
LAURA PALERMO MEMBER 0.20
Director
$0 $0 $0
TONY SALOMONE PRESIDENT 0.20
Officer Director
$0 $0 $0
MARY TROMETTER VP EDUCATION 0.20
Officer 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 No data No data No data No data
2023 $325,442 $280,586 $1,255,462 $44,856
2022 $249,859 $225,742 $1,156,973 $24,117
2021 $343,732 $317,636 $1,297,605 $26,096
2020 $493,900 $319,806 $1,200,841 $174,094
2019 $197,617 $97,622 $960,976 $99,995
2018 $194,583 $64,246 $793,000 $130,337
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