PIDC-FINANCING CORPORATION

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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

1968

Legal Domicile

Principal Officer

JODIE HARRIS

Phone

2154968020

Tax Period

2023-01-01 to 2023-12-31

PIDC-FINANCING CORPORATION, founded in 1968, is a micro nonprofit in the Community Improvement sector that reported $29K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 24% operating margin.

Mission

PIDC FC ADMINISTERS LOAN PROGRAMS THAT ARE FUNDED BY THE COMMONWEALTH OF PENNSYLVANIA, INCLUDING THE PIDA LOAN PROGRAM. THESE PROGRAMS PROVIDE FINANCING TO BUSINESSES FOR THE ACQUISITION OF REAL ESTATE, LEASEHOLD IMPROVEMENTS AND CAPITAL EQUIPMENT.

Program Service Accomplishments

Program 1

Expenses: $22,373 Revenue: $28,014

SUPPORTING GROWING BUSINESSES: INCLUDES THE SERVICING AND ADMINISTRATION OF THE PIDA LOAN PROGRAM THAT ARE FUNDED BY THE COMMONWEALTH OF PENNSYLVANIA. AT DECEMBER 31, 2023 THE PIDA LOAN PORTFOLIO...

SUPPORTING GROWING BUSINESSES: INCLUDES THE SERVICING AND ADMINISTRATION OF THE PIDA LOAN PROGRAM THAT ARE FUNDED BY THE COMMONWEALTH OF PENNSYLVANIA. AT DECEMBER 31, 2023 THE PIDA LOAN PORTFOLIO TOTALED $4 MILLION.

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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 $28,014

Investment Income $1,244

Other Revenue $0

TOTAL REVENUE $29,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,373

Other Expenses $22,373

TOTAL EXPENSES $22,373

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,258	$44,847	-0.3%
Expenses	$22,373	$840	+25.6%
Net Income	$6,885	$44,007	-0.8%

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 R ALLON	VICE CHAIR	0.04	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 R CARNAROLI	DIRECTOR	0.04	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 P CORTES ESQ	DIRECTOR	0.04	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	0.01	Director	$0	$0	$0
JAY GOLDSTEIN	DIRECTOR	1.30	Director	$0	$0	$0
LEE HUANG	DIRECTOR	0.01	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 E JONES	DIRECTOR	0.01	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	0.01	Director	$0	$0	$0
SUZANNE S MAYES ESQ	DIRECTOR	0.55	Director	$0	$0	$0
ELIZABETH A MURPHY	DIRECTOR	0.01	Director	$0	$0	$0
ANNE K NADOL	DIRECTOR	0.55	Director	$0	$0	$0
MICHAEL K PEARSON	DIRECTOR	0.01	Director	$0	$0	$0
BRET PERKINS	DIRECTOR	0.55	Director	$0	$0	$0
ANGELO R PERRYMAN	DIRECTOR	0.01	Director	$0	$0	$0
WILLIAM R SAUTTER	DIRECTOR	0.01	Director	$0	$0	$0
EVELYN F SMALLS	DIRECTOR	0.08	Director	$0	$0	$0
ROBERT C WONDERLING	DIRECTOR	0.04	Director	$0	$0	$0
ANNE NEVINS	PRESIDENT (THRU 01/2023)	0.50	Officer	$0	$1,712	$85,388
SAM RHOADS	EXECUTIVE VICE PRESIDENT	0.50	Officer	$0	$57,124	$336,869
TIFFANY CANADY	ASST SECRETARY, SVP-CFO	17.00	Officer	$0	$60,854	$298,166
THOMAS DALFO	SVP- REAL ESTATE SERVICES	4.00	Officer	$0	$70,632	$274,441
ILENE BURAK	SVP- LEGAL 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	$29,258	$22,373	$6,861,720	$6,885
2022	$44,847	$840	$6,545,769	$44,007
2021	$18,403,713	$18,374,910	$6,556,052	$28,803
2020	$89,503	$1,000,000	$6,581,591	$-910,497
2019	$401,123	$63,053	$14,429,055	$338,070
2018	$3,498,382	$7,767,963	$6,119,719	$-4,269,581