PITTSBURGH SYMPHONY ENDOWMENT (EIN 256056559) - 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

1963

Legal Domicile

Principal Officer

MELIA TOURNAGEAU

Phone

4123924809

Tax Period

2023-09-01 to 2024-08-31

PITTSBURGH SYMPHONY ENDOWMENT, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $813K in total revenue in fiscal year 2023. Revenue surged 22428% from the prior year, signaling strong growth momentum. The organization ran a surplus of $134K, a strong 16% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO THE PITTSBURGH SYMPHONY, INC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $812,582

Other Revenue $0

TOTAL REVENUE $812,582

Expense Breakdown

Grants Paid $640,278

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $640,278

Other Expenses $38,458

TOTAL EXPENSES $678,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$812,582	$3,607	+224.3%
Expenses	$678,736	$617,740	+0.1%
Net Income	$133,846	$-614,133	-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

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

Total Directors

$382,499

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON BORNEMAN	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM S HART	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT MICHAEL	TRUSTEE (EXITED 12/23)	2.00	Director	$0	$43,213	$232,006
DAN S SANDMAN	TRUSTEE (EXITED 11/23)	0.50	Director	$0	$0	$0
BRIDGET MEACHAM KOWALSKI	TRUSTEE (ENTERED 1/24)	2.00	Director	$0	$30,026	$150,493
N/A	CORPORATE TRUSTEE	0.00		$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	$812,582	$678,736	$10,056,932	$133,846
2023	$3,607	$617,740	$9,549,772	$-614,133
2022	$871,904	$57,641	$9,843,283	$814,263

PITTSBURGH SYMPHONY ENDOWMENT