Observatory Hill Development Corp (EIN 471134993) - 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

2014

Legal Domicile

Principal Officer

Joshua Hatfield

Phone

4127362489

Tax Period

2023-01-01 to 2023-12-31

Observatory Hill Development Corp, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $149K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $173K exceeded revenue, resulting in a 17% operating deficit.

Mission

Community Development in Observatory Hill Neighborhood of Pittsburgh.

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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 $79,000

Program Service Revenue $104,402

Investment Income $-34,677

Other Revenue $0

TOTAL REVENUE $148,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,356

Other Expenses $173,356

TOTAL EXPENSES $173,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,725	$269,723	-0.4%
Expenses	$173,356	$167,661	+0.0%
Net Income	$-24,631	$102,062	-1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wendy Kramer	Secretary	1.00	Officer Director	$0	$0	$0
Jeremy Lawler	President	1.00	Officer Director	$0	$0	$0
Joshua Hatfield	Treasurer	1.00	Officer Director	$0	$0	$0
Erica Sumpter	Vice President	1.00	Officer Director	$0	$0	$0

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	$148,725	$173,356	$2,579,736	$-24,631
2022	$269,723	$167,661	$2,762,623	$102,062
2021	$3	$125,547	$1,836,328	$-125,544
2020	$369,096	$113,041	$1,091,301	$256,055

Observatory Hill Development Corp