PENNSYLVANIA INTEREST ON LAWYER TRUST ACCOUNTS BOARD

EIN: 251802119 501(c)(3)

HARRISBURG, PA

Total Revenue
$69,481,812
Total Expenses
$37,333,227
Total Assets
$128,721,059
Net Assets
$127,034,362
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
PA
Principal Officer
STEPHANIE S LIBHART
Phone
7172382001
Tax Period
2024-07-01 to 2025-06-30

PENNSYLVANIA INTEREST ON LAWYER TRUST ACCOUNTS BOARD, founded in 1996, is a mid-sized nonprofit that reported $69.5M in total revenue in fiscal year 2024. The organization ran a surplus of $32.1M, a strong 46% operating margin.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO AWARD GRANTS FOR (A) THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY NON-PROFIT CORPORATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; (B) THE DELIVERY OF CIVIL LEGAL ASSISTANCE TO THE POOR AND DISADVANTAGED IN PENNSYLVANIA BY CLINICAL AND INTERNSHIP PROGRAMS ADMINISTERED BY LAW SCHOOLS LOCATED IN PENNSYLVANIA; AND (C) THE ADMINISTRATION OF JUSTICE IN PENNSYLVANIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $65,893,239
Program Service Revenue $0
Investment Income $3,588,573
Other Revenue $0
TOTAL REVENUE $69,481,812

Expense Breakdown

Grants Paid $36,074,558
Salaries & Benefits $907,556
Fundraising Expenses $0
Program Expenses $36,579,053
Other Expenses $351,113
TOTAL EXPENSES $37,333,227

Year-over-Year Comparison

2024 2023 Change
Revenue $69,481,812 $68,222,068 +0.0%
Expenses $37,333,227 $31,624,444 +0.2%
Net Income $32,148,585 $36,597,624 -0.1%
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

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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
9
Independent Members
9
Employees
7
Volunteers
9

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
7
$362,648
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HON KAY YU ESQ CHAIR 3.00
Officer Director
$0 $0 $0
JOSEPH G PRICE ESQ TREASURER 3.00
Officer Director
$0 $0 $0
SHARON R LOPEZ ESQ DIRECTOR 2.00
Director
$0 $0 $0
JW ALBERSTADT JR ESQ DIRECTOR 2.00
Director
$0 $0 $0
DAVID R FINE ESQ SECRETARY 3.00
Officer Director
$0 $0 $0
SAMUEL W MILKES ESQ VICE-CHAIR 3.00
Officer Director
$0 $0 $0
GITTEL HILIBRAND ESQ DIRECTOR 2.00
Director
$0 $0 $0
COLLEEN F COONELLY ESQ DIRECTOR 2.00
Director
$0 $0 $0
MARCEL S PRATT ESQ DIRECTOR 2.00
Director
$0 $0 $0
STEPHANIE S LIBHART EXECUTIVE DIRECTOR 35.00
Officer
$185,749 $31,517 $217,266
ISABELLE WOZNIAK DIRECTOR OF FINANCE AND ADMIN (UNTIL 6/30/2025) 35.00
Officer
$109,489 $35,893 $145,382
KAREN RAUGH DIRECTOR OF FINANCE AND ADMIN (EFFECTIVE 5/5/25) 35.00
Officer
$0 $0 $0
JAMES BLYTHE IOLTA COMPLIANCE MANAGER 35.00
Highest
$103,677 $24,640 $128,317
JAMES SWOYER GRANTS MANAGER 35.00
Highest
$104,738 $34,978 $139,716
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
2025 $69,481,812 $37,333,227 $128,721,059 $32,148,585
2024 $68,222,068 $31,624,444 $96,299,853 $36,597,624
2023 $49,000,531 $29,297,179 $59,438,241 $19,703,352
2022 $24,730,443 $30,230,003 $39,506,972 $-5,499,560
2021 $26,505,119 $21,720,164 $44,940,382 $4,784,955
2019 $28,271,889 $24,330,067 $41,829,733 $3,941,822
2018 $22,559,462 $22,158,282 $38,104,598 $401,180
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