PIDC-PENN VENTURE FUND

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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

1985

Legal Domicile

Principal Officer

JODIE HARRIS

Phone

2154968020

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

PIDC PVF FOSTERS ECONOMIC GROWTH AND PROMOTES EMPLOYMENT AND PUBLIC WELFARE BY PROVIDING FUNDS TO FINANCE THE EARLY AND INTERMEDIATE NEEDS OF GROWING AND EXISTING BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $-171,089 Revenue: $0

ECONOMIC DEVELOPMENT: PIDC PVF PROVIDES FUNDS TO FINANCE THE EARLY AND INTERMEDIATE NEEDS OF GROWING AND EXISTING BUSINESSES.

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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 $35,582

Other Revenue $0

TOTAL REVENUE $35,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $-171,089

Other Expenses $-171,089

TOTAL EXPENSES $-171,089

Year-over-Year Comparison

	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%

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

$1,493,757

Total Directors

Key Employees

Highest Compensated

reported

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

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	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