DIETRICH FOUNDATION

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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

2011

Legal Domicile

Principal Officer

EDWARD J GREFENSTETTE

Phone

4122612766

Tax Period

2023-01-01 to 2023-12-31

DIETRICH FOUNDATION, founded in 2011, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $94.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $32.6M, a strong 35% operating margin.

Mission

THE PRIMARY MISSION OF THE DIETRICH FOUNDATION (THE "FOUNDATION") IS TO BENEFIT HIGHER EDUCATION, PRIMARILY IN THE GREATER PITTSBURGH, PENNSYLVANIA AREA, BY PROVIDING ONGOING AND INCREASING FINANCIAL SUPPORT TO CARNEGIE MELLON UNIVERSITY, THE UNIVERSITY OF PITTSBURGH, THIEL COLLEGE, PRINCETON UNIVERSITY, DUQUESNE UNIVERSITY, AND CHATHAM UNIVERSITY. THE FOUNDATION SHALL ALSO FURTHER CHARITABLE PURPOSES IN WESTERN PENNSYLVANIA BY PROVIDING ONGOING AND INCREASING FINANCIAL SUPPORT TO OTHER ORGANIZATIONS. SEE SCHEDULE A, PART I, FOR A COMPLETE LIST OF SUPPORTED ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $55,620,662

PER THE DECLARATION OF TRUST DATED AUGUST 23, 2011 OF WILLIAM S. DIETRICH II REVOCABLE TRUST AND THE DIETRICH FOUNDATION (THE "TRUST"), THE FOUNDATION DISTRIBUTES ANNUALLY, OR MORE FREQUENTLY, AN...

PER THE DECLARATION OF TRUST DATED AUGUST 23, 2011 OF WILLIAM S. DIETRICH II REVOCABLE TRUST AND THE DIETRICH FOUNDATION (THE "TRUST"), THE FOUNDATION DISTRIBUTES ANNUALLY, OR MORE FREQUENTLY, AN AMOUNT FROM NET INCOME EQUAL TO SUBSTANTIALLY ALL (AT LEAST 85%) OF ITS ANNUAL NET INCOME (AS DEFINED IN THE TRUST). IN THE EVENT THAT THE TOTAL AMOUNT DISTRIBUTED ANNUALLY UNDER THIS REQUIREMENT SHOULD CONSISTENTLY FALL BELOW A RATE OF 3%, THE ANNUAL DISTRIBUTION AMOUNT WILL APPROXIMATE 3% OF THE FAIR VALUE OF THE FOUNDATION'S ASSETS (NET OF ACQUISITION INDEBTEDNESS) AS DETERMINED ON JANUARY 1 OF EACH YEAR. IN MAY 2023, THE FOUNDATION MADE ITS ANNUAL DISTRIBUTION TO ITS SUPPORTED ORGANIZATIONS EQUAL TO 3.0% OF NET ASSETS AS CALCULATED AT JANUARY 1, 2022.

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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 $94,341,341

Other Revenue $0

TOTAL REVENUE $94,341,341

Expense Breakdown

Grants Paid $51,781,317

Salaries & Benefits $6,009,646

Fundraising Expenses $0

Program Expenses $55,620,662

Other Expenses $3,988,745

TOTAL EXPENSES $61,779,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,341,341	$82,615,692	+0.1%
Expenses	$61,779,708	$51,473,742	+0.2%
Net Income	$32,561,633	$31,141,950	+0.0%

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

N/A

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

$3,461,067

Total Directors

$8,165,139

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD J GREFENSTETTE	COMMUNITY TRUSTEE, PRESIDE	40.00	Officer Director	$2,188,464	$1,272,603	$3,461,067
JOAN GABEL	EDUCATIONAL TRUSTEE	1.00	Director	$4,007	$113,471	$710,010
JAMES E ROHR	EDUCATIONAL TRUSTEE	1.00	Director	$22,466	$0	$22,466
ERIC C JOHNSON	EDUCATIONAL TRUSTEE/CHAIRMAN	1.00	Director	$50,000	$0	$50,000
PATRICK GALLAGHER	EDUCATIONAL TRUSTEE	1.00	Director	$20,993	$71,220	$776,462
FARNAM JAHANIAN	EDUCATIONAL TRUSTEE	1.00	Director	$25,000	$185,053	$2,712,937
SUSAN TRAVERSO	EDUCATIONAL TRUSTEE	1.00	Director	$25,000	$52,177	$379,663
EVA BLUM	COMMUNITY TRUSTEE	1.00	Director	$25,000	$0	$25,000
MCCALL CRAVENS	COMMUNITY TRUSTEE	1.00	Director	$25,000	$0	$25,000
JEANNE CUNICELLI	EDUCATIONAL TRUSTEE	1.00	Director	$2,534	$0	$2,534
RYAN L VACCARO	MANAGING DIRECTOR	40.00	Highest	$786,291	$482,027	$1,268,318
MARIAH SALAS	OPERATIONS MANAGER	40.00	Highest	$133,000	$63,594	$196,594
LEE S TILGHMAN	MANAGING DIRECTOR	40.00	Highest	$739,156	$463,956	$1,203,112
NANCY A WATSON	VICE PRESIDENT OF FINANCE	40.00	Highest	$335,639	$167,061	$502,700
MATTHEW E CUNNINGHAM	MANAGING DIRECTOR	40.00	Highest	$543,453	$390,724	$934,177

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	$94,341,341	$61,779,708	$1,498,770,520	$32,561,633
2022	$82,615,692	$51,473,742	$1,517,931,296	$31,141,950
2021	$166,962,550	$41,458,936	$1,731,016,647	$125,503,614
2021	$166,962,550	$41,458,936	$1,731,016,647	$125,503,614
2020	$93,476,192	$36,308,487	$1,425,693,584	$57,167,705
2019	$76,422,895	$33,802,059	$1,082,174,638	$42,620,836
2018	$69,656,378	$29,744,390	$947,697,893	$39,911,988