PITTSBURGH DOWNTOWN PARTNERSHIP (EIN 251728064) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

JEREMY WALDRUP

Phone

4125664190

Tax Period

2024-01-01 to 2024-12-31

PITTSBURGH DOWNTOWN PARTNERSHIP, founded in 1993, is a mid-sized nonprofit in the Community Improvement sector that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

TO ADVANCE INITIATIVES THAT FOSTER ECONOMIC VITALITY AND IMPROVE DOWNTOWN LIFE - FOR A MOMENT OR FOR A LIFETIME.

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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 $6,706,238

Program Service Revenue $5,470,873

Investment Income $280,394

Other Revenue $0

TOTAL REVENUE $12,457,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,066,616

Fundraising Expenses $205,105

Program Expenses $11,590,627

Other Expenses $10,644,967

TOTAL EXPENSES $12,711,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,457,505	$9,502,366	+0.3%
Expenses	$12,711,583	$7,977,732	+0.6%
Net Income	$-254,078	$1,524,634	-1.2%

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

1845

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

$473,062

Total Directors

$304,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY WALDRUP	PRESIDENT & CEO	40.00	Officer Director	$269,220	$35,340	$304,560
AARON MIMRAN	DIRECTOR	0.50	Director	$0	$0	$0
ADELE MORELLI	DIRECTOR	0.50	Director	$0	$0	$0
AERION ABNEY	DIRECTOR	0.50	Director	$0	$0	$0
AMY BROADHURST	DIRECTOR	0.50	Director	$0	$0	$0
BOBBY WILSON	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN DEBOCK	DIRECTOR	0.50	Director	$0	$0	$0
BRYAN BRANTLEY	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL ONORATO	DIRECTOR	0.50	Director	$0	$0	$0
DARA WARE ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
DAVID FISFIS	DIRECTOR	0.50	Director	$0	$0	$0
DAVID ONORATO	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SILVESTER	DIRECTOR	0.50	Director	$0	$0	$0
DEAN WELCH	DIRECTOR	0.50	Director	$0	$0	$0
DENNIS DAVIN	DIRECTOR	0.50	Director	$0	$0	$0
ED GAINEY	DIRECTOR	0.50	Director	$0	$0	$0
ED PAGE	DIRECTOR	0.50	Director	$0	$0	$0
EILEEN FRENCH JORDAN	DIRECTOR	0.50	Director	$0	$0	$0
GABY GONZALEZ	DIRECTOR	0.50	Director	$0	$0	$0
GINA WINSTEAD	DIRECTOR	0.50	Director	$0	$0	$0
HERKY POLLOCK	DIRECTOR	0.50	Director	$0	$0	$0
IZZY RUDOLPH	DIRECTOR	0.50	Director	$0	$0	$0
JASON WRONA	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA ALBERT	DIRECTOR	0.50	Director	$0	$0	$0
JIMMY SACCO	DIRECTOR	0.50	Director	$0	$0	$0
JOSIAH GILLIAM	DIRECTOR	0.50	Director	$0	$0	$0
KATE GIONTA	DIRECTOR	0.50	Director	$0	$0	$0
KENDRA INGRAM	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN WADE	SECRETARY	0.50	Officer Director	$0	$0	$0
LARRY WALSH	VICE CHAIR	0.50	Officer Director	$0	$0	$0
LORI BERETTA	DIRECTOR	0.50	Director	$0	$0	$0
MARTIN SWEENY	DIRECTOR	0.50	Director	$0	$0	$0
MIKE MITCHUM	DIRECTOR	0.50	Director	$0	$0	$0
MOLLY ONUFER	DIRECTOR	0.50	Director	$0	$0	$0
NICK PARADISE	DIRECTOR	0.50	Director	$0	$0	$0
PETER QUINTANILLA	DIRECTOR	0.50	Director	$0	$0	$0
R DANIEL LAVELLE	DIRECTOR	0.50	Director	$0	$0	$0
RAMONA CAIN	DIRECTOR	0.50	Director	$0	$0	$0
REV BRIAN EVANS	DIRECTOR	0.50	Director	$0	$0	$0
SABRINA SAUNDERS MOSBY	DIRECTOR	0.50	Director	$0	$0	$0
SARA INNAMORATO	DIRECTOR	0.50	Director	$0	$0	$0
SARAH MEEHAN PARKER	DIRECTOR	0.50	Director	$0	$0	$0
SARITA MALLINGER	TREASURER	0.50	Officer Director	$0	$0	$0
SHANNON BAKER	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
SUSHEELA NEMANI-STANGER	DIRECTOR	0.50	Director	$0	$0	$0
TED BLACK	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS L VANKIRK	DIRECTOR EMERITIS	0.50	Director	$0	$0	$0
TRACEY MCCANTS LEWIS	DIRECTOR	0.50	Director	$0	$0	$0
LEAH BALDWIN	VP OF FINANCE	40.00	Officer	$140,307	$28,195	$168,502
AARON SUKENIK	VP OF DISTRICT DEVELOPMENT	40.00	Highest	$147,680	$29,095	$176,775
RUSSELL HOWARD	VP OF SPECIAL EVENTS AND D	40.00	Highest	$133,696	$22,736	$156,432
RICHARD HOOPER	VP OF MARKETING AND COMMUN	40.00	Highest	$123,843	$14,101	$137,944

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	$12,457,505	$12,711,583	$10,321,387	$-254,078
2023	$9,502,366	$7,977,732	$9,911,309	$1,524,634
2022	$6,178,674	$6,266,009	$7,745,567	$-87,335
2021	$9,045,212	$7,176,860	$7,196,245	$1,868,352
2020	$6,457,703	$5,009,020	$5,197,454	$1,448,683
2019	$5,537,192	$5,204,323	$3,838,301	$332,869
2018	$4,302,342	$5,223,565	$3,821,657	$-921,223

PITTSBURGH DOWNTOWN PARTNERSHIP