PITTSBURGH INDEPENDENT CATHOLIC ACADEMY FOUNDATION

EIN: 844179401 501(c)(3) Education

PITTSBURGH, PA

Total Revenue
$564,930
Total Expenses
$647,938
Total Assets
$124,425
Net Assets
$34,564
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
PA
Principal Officer
KEITH CREEHAN
Phone
4126313131
Tax Period
2022-07-01 to 2023-06-30

PITTSBURGH INDEPENDENT CATHOLIC ACADEMY FOUNDATION, founded in 2019, is a small nonprofit in the Education sector that reported $565K in total revenue in fiscal year 2022. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $648K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE PITTSBURGH INDEPENDENT CATHOLIC ACADEMY FOUNDATION WAS FORMED TO SUPPORT THE MISSION OF SOUTH HILLS CATHOLIC ACADEMY (SHCA) WHICH IS TO ASSIST PARENTS IN THE CHRISTIAN SPIRITUAL, MORAL AND INTELLECTUAL FORMATION OF THEIR CHILDREN BY ENSURING THE TOTAL DEVELOPMENT OF EACH CHILD - BODY, MIND, AND SOUL. SHCA PROVIDES CHILDREN FROM LOW INCOME FAMILIES WITH AFFORDABLE, HIGH QUALITY EDUCATION, WHICH IS ACHIEVED THROUGH TUITION ASSISTANCE TO NEEDY STUDENTS AND BY FUNDING THE GENERAL OPERATIONS AND CAPITAL REQUIREMENTS OF SPONSORED CATHOLIC SCHOOLS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $565,376
Program Service Revenue $0
Investment Income $-446
Other Revenue $0
TOTAL REVENUE $564,930

Expense Breakdown

Grants Paid $640,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $640,000
Other Expenses $7,938
TOTAL EXPENSES $647,938

Year-over-Year Comparison

2022 2021 Change
Revenue $564,930 $418,128 +0.4%
Expenses $647,938 $826,430 -0.2%
Net Income $-83,008 $-408,302 -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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
5
$121,449
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HANS PRESIDENT/CEO 1.00
Officer Director
$0 $0 $0
KEITH CREEHAN TREASURER/CFO 3.00
Officer Director
$0 $0 $0
GLORIA HUDOCK CHIEF DEVELOPMENT OFFICER 1.00
Officer Director
$0 $0 $0
KIRK BURKLEY SECRETARY 1.00
Officer Director
$0 $0 $0
FR MIKE CARIDI DIRECTOR 1.00
Director
$0 $0 $0
HARMONY STEWART CHIEF ACADEMIC OFFICER 1.00
Officer
$0 $18,949 $121,449
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 No data No data No data No data
2024 No data No data No data No data
2023 $564,930 $647,938 $124,425 $-83,008
2022 $418,128 $826,430 $178,927 $-408,302
2021 $965,436 $439,562 $610,774 $525,874
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