Philadelphia Hospitality Investmen… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

JOSHUA RUEKHEIM

Phone

2155571992

Tax Period

2025-01-01 to 2025-12-31

Philadelphia Hospitality Investment Levy, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $7.7M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $6.6M left a modest 15% surplus.

Mission

TO PROMOTE THE COMMON INTERESTS OF, AND IMPROVE BUSINESS CONDITIONS FOR, PHILADELPHIA HOTELS THROUGH THE DEVELOPMENT AND OPERATION OF THE PHILADELPHIA HOSPITALITY IMPROVEMENT LEVY DISTRICT (PHIL DISTRICT) AND OTHER PROGRAMS AND INTIATIVES.

Program Service Accomplishments

Program 1

PHIL GRANTS - GRANTS PROVIDED TO ORGANIZATION IN ORDER TO INCREASE OVERNIGHT ROOM DEMAND IN PHILADELPHIA, PRIMARILY THROUGH FUNDING MAJOR CONVENTIONS AND CITY-WIDE EVENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,302,906

Investment Income $1,426,931

Other Revenue $0

TOTAL REVENUE $7,729,837

Expense Breakdown

Grants Paid $5,957,899

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $651,073

TOTAL EXPENSES $6,608,972

Year-over-Year Comparison

	2025	2024	Change
Revenue	$7,729,837	$7,083,260	+0.1%
Expenses	$6,608,972	$3,943,526	+0.7%
Net Income	$1,120,865	$3,139,734	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD GROSE	PRESIDENT & CEO - NON VOTING	1.0	Officer Director	$0	$0	$0
LEONARD BUCKLEY	BOARD MEMBER	1.0	Director	$0	$0	$0
Angela val	BOARD MEMBER - NON VOTING	1.0	Director	$0	$0	$0
REGINALD ARCHAMBAULT	BOARD MEMBER	1.0	Director	$0	$0	$0
JAMES ADAMSON	BOARD MEMBER	1.0	Director	$0	$0	$0
JO ANN BONGART	BOARD MEMBER	1.0	Director	$0	$0	$0
SEBASTIEN PLOSS	BOARD MEMBER	1.0	Director	$0	$0	$0
MATT NELSON	BOARD MEMBER	1.0	Director	$0	$0	$0
DARRYLL ADAMS	BOARD MEMBER	1.0	Director	$0	$0	$0
KEN REED	BOARD MEMBER	1.0	Director	$0	$0	$0
DEREK BECKMAN	BOARD MEMBER	1.0	Director	$0	$0	$0
KEN LANIGAN	BOARD MEMBER	1.0	Director	$0	$0	$0
JIM SALVO	BOARD MEMBER	1.0	Director	$0	$0	$0
CHARLES GOLDBERG	Board Member	1.0	Director	$0	$0	$0
ALBA MARTINEZ	Board Member	1.0	Director	$0	$0	$0
GREGG CAREN	board member - NON VOTING	1.0	Director	$0	$0	$0
John J Mcnichol	board member - NON VOTING	1.0	Director	$0	$0	$0
GEORGE ADEL LIMON	BOARD MEMBER (Eff. 11/22/2025)	1.0	Director	$0	$0	$0
MICHEAL CAMASSA	BOARD MEMBER (EFF. 11/12/2025)	1.0	Director	$0	$0	$0
ED BATEN	BOARD MEMBER (THRU 09/05/2025)	1.0	Director	$0	$0	$0
MICHAEL RYAN	BOARD MEMBER (THRU 05/30/2025)	1.0	Director	$0	$0	$0
JOSHUA RUECKHEIM	FINANCE DIRECTOR	1.0	Officer	$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
2025	$7,729,837	$6,608,972	$25,323,866	$1,120,865
2024	No data	No data	No data	No data
2023	$6,478,962	$1,189,722	$19,159,245	$5,289,240
2022	$5,441,846	$2,180,151	$12,786,846	$3,261,695
2021	$3,390,979	$3,694,182	$11,013,026	$-303,203
2020	$2,318,815	$1,028,786	$10,804,169	$1,290,029
2019	$6,074,016	$1,719,372	$8,949,518	$4,354,644
2018	$5,260,559	$938,506	$4,219,757	$4,322,053

Philadelphia Hospitality Investment Levy