PITTSBURGH TECHNICAL INSTITUTE INC (EIN 810903939) - 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

2015

Legal Domicile

Principal Officer

STEPHEN LIPPIELLO

Phone

4128095100

Tax Period

2022-07-01 to 2023-06-30

PITTSBURGH TECHNICAL INSTITUTE INC, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $23.9M in total revenue in fiscal year 2022. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $31.9M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE MISSION OF THE INSTITUTION, AS A DEGREE-GRANTING INSTITUTION, IS TO EMPOWER ITS STUDENTS TO SUCCEED IN TODAY'S DYNAMIC WORLD BY INTEGRATING GENERAL STUDIES AND PROFESSIONAL SKILLS INTO A SOUND CAREER-FOCUSED EDUCATION THAT PROVIDES THE LIFE SKILLS NECESSARY FOR STUDENTS TO REALIZE THEIR FULL POTENTIAL AND CAREER GOALS

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,929,047

Program Service Revenue $18,244,797

Investment Income $523,353

Other Revenue $3,173,659

TOTAL REVENUE $23,870,856

Expense Breakdown

Grants Paid $3,079,696

Salaries & Benefits $17,332,532

Fundraising Expenses $0

Program Expenses $22,080,511

Other Expenses $11,472,883

TOTAL EXPENSES $31,885,111

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,870,856	$39,757,849	-0.4%
Expenses	$31,885,111	$40,246,416	-0.2%
Net Income	$-8,014,255	$-488,567	+15.4%

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

242

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

$493,149

Total Directors

$369,789

Key Employees

$213,847

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ALICIA HARVEY-SMITH	PRESIDENT/EX-OFFICIO MEMBE	40.00	Officer Director	$355,644	$14,145	$369,789
DR PATRICIA GREY	CHAIR	1.00	Director	$0	$0	$0
HAROLD L MALEY	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES EVANOSKI	TRUSTEE	1.00	Director	$0	$0	$0
ELI SHORAK	TRUSTEE	1.00	Director	$0	$0	$0
CARLA M RYBA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL YURISIC	TRUSTEE	1.00	Director	$0	$0	$0
MICHARL MARR	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY T SARABOK	TRUSTEE	1.00	Director	$0	$0	$0
VALERIE KEYS	TRUSTEE	1.00	Director	$0	$0	$0
CONSTANCE VAN CAMP	SECRETARY/TREASURER	40.00	Officer	$86,424	$20,808	$107,232
STEPHEN LIPIELLO	VICE PRESIDENT / CFO	40.00	Officer	$16,128	$0	$16,128
BARRY SHEPARD	VP MARKETING & COMMUNICATI	40.00	Key Emp	$176,546	$37,301	$213,847
MARSHA LINDSAY	CHIEF DIVERSITY OFFICER	40.00	Highest	$127,328	$6,450	$133,778
JILL BITTEL	ASSOCIATE VP, STUDENT FS	40.00	Highest	$118,744	$13,357	$132,101
SUNJAY BALI	EXECUTIVE DIRECTOR CORPORATE COLLEGE	40.00	Highest	$108,907	$15,936	$124,843
KAITLIN COBOURNE	ACADEMIC CHAIR, SCHOOL NURSING	40.00	Highest	$109,679	$4,387	$114,066
MICHAEL HODDER	FACULTY-ASSISTANT PROFESSOR IT	40.00	Highest	$109,748	$30,982	$140,730
DAWN MAIDA	EXECUTIVE DIRECTOR OF BUDGET	40.00	Highest	$110,400	$21,401	$131,801
JACOB MUTH	FACULTY - ASSOCIATE PROFESSOR	40.00	Highest	$100,844	$4,034	$104,878
JAY CLAYTON	FORMER VICE PRESIDENT / CFO	40.00		$123,810	$20,443	$144,253

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
2023	$23,870,856	$31,885,111	$44,534,994	$-8,014,255
2022	$39,757,849	$40,246,416	$54,702,740	$-488,567
2021	$39,911,852	$37,713,183	$64,231,966	$2,198,669
2020	$41,473,217	$38,015,415	$63,106,981	$3,457,802
2019	$36,997,514	$38,655,344	$56,580,150	$-1,657,830

PITTSBURGH TECHNICAL INSTITUTE INC