PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PIDC-PENN VENTURE FUND, founded in 1985, is a micro nonprofit that reported $36K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $207K, a strong 581% operating margin.
PIDC PENN VENTURE FUND (PIDC PVF) IS A VENTURE CAPITAL FUND THAT WAS ESTABLISHED TO FOSTER ECONOMIC DEVELOPMENT AND TO PROMOTE EMPLOYMENT AND PUBLIC WELFARE BY PROVIDING FUNDS TO FINANCE THE EARLY AND INTERMEDIATE NEEDS OF ENTITIES IN THE CITY OF PHILADELPHIA. PIDC RELEASED THE 2023-2026 STRATEGIC FRAMEWORK AS A ROADMAP TO ACHIEVE ITS MISSION AND STRIVE TOWARD A MORE INCLUSIVE, EQUITABLE, AND SUSTAINABLE PHILADELPHIA WHERE ALL RESIDENTS BENEFIT FROM ECONOMIC DEVELOPMENT AND A GROWING GLOBAL ECONOMY. IT IS DESIGNED TO HELP PIDC MAKE RESOURCE ALLOCATION AND STRATEGIC PARTNERSHIP DECISIONS THAT ALIGN WITH THE ORGANIZATION'S VISION, MISSION, THEORY OF CHANGE AND TO ALIGN PIDC'S STAKEHOLDERS AROUND A COMMON VISION AND GOAL. THE FRAMEWORK IS GROUNDED IN THREE INTEGRAL AND INTERSECTING LENSES IMPERATIVE TO INFORMING PIDC'S APPROACH TO ACHIEVING AND DELIVERING ON ITS MISSION. LENSES ARE PRINCIPLES THAT INFORM THE WORLD VIEW OR PERSPECTIVE OF PIDC AND PROVIDE FOCUS AND DIRECTION FOR PIDC'S SCOPE AND APPROACH TO ACHIEVING ITS MISSION. THESE THREE LENSES ARE DEFINED BELOW: 1) RACIAL EQUITY: PROGRESSING TOWARD A FAIR AND JUST SOCIETY IN WHICH ALL PEOPLE CAN PARTICIPATE, PROSPER, AND REACH THEIR FULL POTENTIAL AND A WORLD WHERE RACIAL DISPARITIES DO NOT EXIST. 2) FUTURE OF WORK: ADAPTING TO THE MANY FORCES OF CHANGE AFFECTING WORK, THE WORKFORCE, AND THE WORKPLACE. 3) SUSTAINABILITY & RESILIENCE: ADVANCING DEVELOPMENT AND GROWTH IN BALANCE WITH THE ENVIRONMENT TO SUPPORT PRESENT AND FUTURE GENERATIONS.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $35,582 | $43,445 | -0.2% |
| Expenses | $-171,089 | $-81,668 | +1.1% |
| Net Income | $206,671 | $125,113 | +0.7% |
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 |
|---|---|---|---|---|---|---|
| SALVATORE J PATTI | CHAIR | 1.30 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREA ALLON | VICE-CHAIR | 1.30 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN R BOYLE | SECRETARY | 0.55 |
Officer
Director
|
$0 | $0 | $0 |
| TUMAR ALEXANDER | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| CRAIG CARNAROLI | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| DOMINIQUE CASIMIR | DIRECTOR | 0.08 |
Director
|
$0 | $0 | $0 |
| HONORABLE DARRELL L CLARKE | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| DIANA CORTES ESQUIRE | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| FRED COSENZA | DIRECTOR | 0.08 |
Director
|
$0 | $0 | $0 |
| ROB DUBOW | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| ANNE FADULLON | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| REGINALD C FULLER III | DIRECTOR | 0.08 |
Director
|
$0 | $0 | $0 |
| JAY GOLDSTEIN | DIRECTOR | 1.30 |
Director
|
$0 | $0 | $0 |
| LEE HUANG MPA | DIRECTOR | 0.08 |
Director
|
$0 | $0 | $0 |
| HONORABLE KENYATTA JOHNSON | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| HONORABLE CURTIS JONES JR | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| LEROY JONES | DIRECTOR | 0.08 |
Director
|
$0 | $0 | $0 |
| BRIAN T KEECH | DIRECTOR | 0.08 |
Director
|
$0 | $0 | $0 |
| HONORABLE JAMES F KENNEY | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| JUAN LOPEZ | DIRECTOR | 1.30 |
Director
|
$0 | $0 | $0 |
| JENNIFER L MAHER ESQ | DIRECTOR | 0.11 |
Director
|
$0 | $0 | $0 |
| SUZANNE S MAYES ESQ | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| ELIZABETH MURPHY | DIRECTOR | 0.08 |
Director
|
$0 | $0 | $0 |
| ANNE K NADOL | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| MICHAEL K PEARSON | DIRECTOR | 0.11 |
Director
|
$0 | $0 | $0 |
| BRET PERKINS | DIRECTOR | 0.55 |
Director
|
$0 | $0 | $0 |
| ANGELO PERRYMAN | DIRECTOR | 0.08 |
Director
|
$0 | $0 | $0 |
| THOMAS AK QUEENAN | DIRECTOR | 0.08 |
Director
|
$0 | $0 | $0 |
| WILLIAM R SAUTTER | DIRECTOR | 0.08 |
Director
|
$0 | $0 | $0 |
| EVELYN F SMALLS | DIRECTOR | 0.73 |
Director
|
$0 | $0 | $0 |
| ROBERT C WONDERLING | DIRECTOR | 0.02 |
Director
|
$0 | $0 | $0 |
| ANNE NEVINS | PRESIDENT (THRU 01/2023) | 0.50 |
Officer
|
$0 | $1,712 | $85,388 |
| SAM RHOADS | EXECUTIVE VICE PRESIDENT | 13.00 |
Officer
|
$0 | $57,124 | $336,869 |
| THOMAS DALFO | SVP - REAL ESTATE SERVICES | 4.00 |
Officer
|
$0 | $70,632 | $274,441 |
| TIFFANY CANADY | SVP - CFO | 17.00 |
Officer
|
$0 | $60,854 | $298,166 |
| ILENE BURAK | SVP AND GENERAL COUNSEL | 4.00 |
Officer
|
$0 | $71,701 | $288,727 |
| JODIE HARRIS | PRESIDENT (START 06/2023) | 0.50 |
Officer
|
$0 | $22,126 | $210,166 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $35,582 | $-171,089 | $1,171,573 | $206,671 |
| 2022 | $43,445 | $-81,668 | $982,105 | $125,113 |
| 2021 | $47,604 | No data | $806,825 | No data |
| 2020 | $44,941 | $700 | $723,464 | $44,241 |
| 2019 | $30,632 | No data | $706,652 | No data |
| 2018 | $24,664 | $49,583 | $681,573 | $-24,919 |
Compare PIDC-PENN VENTURE FUND with other nonprofits in Pennsylvania and across the country.