INNOVATEPGH PARTNERSHIP (EIN 271727604) - 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

2010

Legal Domicile

Principal Officer

SEAN LUTHER

Phone

6142843689

Tax Period

2024-01-01 to 2024-12-31

INNOVATEPGH PARTNERSHIP, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 238% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 42% operating margin.

Mission

A NEXT GENERATION PUBLIC-PRIVATE PARTNERSHIP - POWERED BY A COALITION OF CIVIC INSTITUTIONS REPRESENTING THE REGION'S UNIVERSITY, BUSINESS, PHILANTHROPIC, AND GOVERNMENT LEADERSHIP - TO ACCELERATE PITTSBURGH'S STATUS AS A GLOBAL INNOVATION CITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,291,539

Program Service Revenue $467,473

Investment Income $34,282

Other Revenue $2,848

TOTAL REVENUE $6,796,142

Expense Breakdown

Grants Paid $698,870

Salaries & Benefits $818,944

Fundraising Expenses $39,428

Program Expenses $3,427,878

Other Expenses $2,396,708

TOTAL EXPENSES $3,914,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,796,142	$2,010,753	+2.4%
Expenses	$3,914,522	$3,075,399	+0.3%
Net Income	$2,881,620	$-1,064,646	-3.7%

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

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

$172,365

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVAN FACHER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ELIZA SWAN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
AMY KLINKE	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE ZELLIE LANN	BOARD MEMBER	1.00	Director	$0	$0	$0
FELICITY WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN HUNT	BOARD MEMBER	1.00	Director	$0	$0	$0
D TYLER GOURLEY	TREASURER	1.00	Officer Director	$0	$0	$0
PERRY IVERY	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN CONNELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN LUTHER	EXECUTIVE DIRECTOR	40.00	Officer	$160,233	$12,132	$172,365

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	$6,796,142	$3,914,522	$3,683,464	$2,881,620
2023	$2,010,753	$3,075,399	$980,198	$-1,064,646
2022	$719,178	$1,758,578	$1,715,686	$-1,039,400
2021	$1,459,793	$1,328,537	$1,116,930	$131,256
2020	$726,388	$834,553	$882,743	$-108,165
2020	$1,234,137	$1,342,302	$882,743	$-108,165
2019	$1,527,807	$1,792,803	$1,186,410	$-264,996
2018	$1,271,533	$883,250	$1,126,732	$388,283

INNOVATEPGH PARTNERSHIP