PITTSBURGH, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE PITTSBURGH PROMISE FOUNDATION, founded in 2007, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.4M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $12.1M exceeded revenue, resulting in a 63% operating deficit.
THE PITTSBURGH PROMISE PROMOTES HIGH EDUCATIONAL ASPIRATIONS AMONG URBAN YOUTH, FUNDS SCHOLARSHIPS FOR POST-SECONDARY ACCESS, AND FUELS A PREPARED AND DIVERSE REGIONAL WORKFORCE.
THE PITTSBURGH PROMISE WAS LAUNCHED IN 2007 WITH A $100 MILLION COMMITMENT BY THE UNIVERSITY OF PITTSBURGH MEDICAL CENTER (UPMC). UPMC'S COMMITMENT INCLUDED AN INITIAL $10 MILLION CONTRIBUTION AND...
THE PITTSBURGH PROMISE WAS LAUNCHED IN 2007 WITH A $100 MILLION COMMITMENT BY THE UNIVERSITY OF PITTSBURGH MEDICAL CENTER (UPMC). UPMC'S COMMITMENT INCLUDED AN INITIAL $10 MILLION CONTRIBUTION AND THE REMAINING $90 MILLION WAS A CHALLENGE GRANT INTENDED TO SPUR A COMMUNITY-WIDE CAMPAIGN TO RAISE AN ADDITIONAL $150 MILLION FROM OTHER PRIVATE SOURCES, INCLUDING FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS. OUR MISSION: THE PITTSBURGH PROMISE PROMOTES HIGH EDUCATIONAL ASPIRATIONS AMONG URBAN YOUTH, FUNDS SCHOLARSHIPS FOR POST-SECONDARY ACCESS, AND FUELS A PREPARED AND DIVERSE REGIONAL WORKFORCE. SEE CONTINUATION ON SCHEDULE OOUR VISION: WE ENVISION A FUTURE WHERE ALL OUR URBAN YOUTH ARE EQUIPPED TO REACH POST-SECONDARY SUCCESS, OUR PUBLIC SCHOOLS SERVE ALL CHILDREN EXCELLENTLY, OUR CITY IS FLOURISHING IN ALL ITS NEIGHBORHOODS, AND OUR WORKFORCE IS WIDELY DIVERSE AND HIGHLY SKILLED TO ADVANCE A REGION THAT IS GOOD AND JUST FOR ALL. OUR GUIDING PRINCIPLES: -EQUITY AND INCLUSION: WE ARE COMMITTED TO EDUCATIONAL, ECONOMINC, RACIAL, SOCIAL, AND CULTURAL EQUITY AND INCLUSION. -EXCELLENCE: WE CONDUCT OUR WORK WITH URGENCY, STEWARD OUR RESOURCES PRUDENTLY, AND APPLY THE HIGHEST STANDARDS OF PROFESSIONALISM. -INTEGRITY: WE DEMONSTRATE ACCOUNTABILITY TO OUR STUDENTS, FAMILIES, AND COMMUNITY PARTNERS BY PERFORMING OUR WORK WITH TRANSPARENCY, DISCIPLINE, AND COMPASSION. -IMPACT: WE REGULARLY EVALUATE OUR IMPACT AND USE DATA AND RESEARCH TO GUIDE OUR DECISION-MAKING. -COMMITMENT: WE ARE DRIVEN BY A PASSION FOR OUR VISION AND MISSION AND A BELIEF THAT OUR WORK STRENGTHENS THE REGION, INSPIRES SYSTEMIC CHANGE, AND TRANSFORMS LIVES. THE PITTSBURGH PROMISE CONDUCTS OUTREACH IN ALL PITTSBURGH PUBLIC HIGH SCHOOLS AND ITS CHARTERS IN AN EFFORT TO CULTIVATE RELATIONSHIPS AND PROMOTE ACHIEVEMENT. IN ADDITION, THEY DEPLOY PROMISE COACHES IN FOUR HIGH SCHOOLS TO PROMOTE PROMISE USAGE AND POST-SECONDARY PLANNING: PERRY, CARRICK, UPREP/MILLIONES AND WESTINGHOUSE HIGH SCHOOLS. IN CONJUNCTION WITH THE COACHING INITIATIVE, THE PROMISE HOLDS COLLEGE AND CAREER EXPOSURE EVENTS FOR STUDENTS IN THESE SCHOOLS. AS OF JUNE 2025, THE PITTSBURGH PROMISE'S RESULTS INCLUDE THE FOLLOWING: -MORE THAN 12,500 STUDENTS RECEIVED $183.9 MILLION IN PROMISE SCHOLARSHIPS; -THEY ATTENDED 153 POST-SECONDARY INSTITUTIONS ACROSS PENNSYLVANIA; -MORE THAN 4,520 STUDENTS GRADUATED WITH A POST-SECONDARY DEGREE OR CERTIFICATION -PROMISE ALUMNI ARE WORKING AND CONTRIBUTING TO MORE THAN 700 ORGANIZATIONS IN OUR REGION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $7,437,970 | $6,272,260 | +0.2% |
| Expenses | $12,134,225 | $11,570,982 | +0.0% |
| Net Income | $-4,696,255 | $-5,298,722 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ELISABETH SCHROEDER | DIRECTOR | 1.00 |
Officer
Director
|
$0 | $72,441 | $720,300 |
| ANNE LEWIS | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES E TAYLOR | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIYA TOMLIN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DEBRA KLINE DEMCHAK | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHESTER R BABST III | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURIE BARKMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC BOUGHNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSHUA DEVINE | DIRECTOR | 1.00 |
Director
|
$0 | $22,992 | $105,410 |
| PATRICK DUGAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MALESIA DUNN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DWAYNE FINNEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANA HARRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN HATHAWAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIRK JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS LANG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK LASKOW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VIC LAURENZA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JACKIE PERLOW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BLAKE RUTTENBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID SCHAICH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES SPENCER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VANESSA THOMPSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA WITTE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ED GAINEY | EX-OFFICIO | 1.00 |
Director
|
$0 | $0 | $0 |
| WAYNE N WALTERS | EX-OFFICIO | 1.00 |
Director
|
$0 | $0 | $0 |
| SALEEM GHUBRIL | PRESIDENT | 40.00 |
Officer
|
$299,631 | $44,482 | $344,113 |
| AMY YEARWOOD | DIRECTOR, COLLEGE & CAREER SUCCESS | 40.00 |
Highest
|
$115,117 | $20,066 | $135,183 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $7,437,970 | $12,134,225 | $55,895,243 | $-4,696,255 |
| 2024 | $6,272,260 | $11,570,982 | $59,110,555 | $-5,298,722 |
| 2023 | $10,120,509 | $12,264,455 | $61,809,062 | $-2,143,946 |
| 2022 | $15,082,951 | $11,513,190 | $59,585,111 | $3,569,761 |
| 2021 | $8,011,763 | $12,579,854 | $66,594,047 | $-4,568,091 |
| 2020 | $12,741,686 | $14,451,914 | $63,813,527 | $-1,710,228 |
| 2019 | $10,120,091 | $16,743,631 | $65,579,726 | $-6,623,540 |
| 2018 | $11,765,083 | $20,166,340 | $71,851,357 | $-8,401,257 |
Compare THE PITTSBURGH PROMISE FOUNDATION with other nonprofits in Pennsylvania and across the country.