PITTSBURGH MINORITY BUSINESS ACCELERATOR

EIN: 871675373 501(c)(3) Human Services

PITTSBURGH, PA

Total Revenue
$1,149,289
Total Expenses
$847,119
Total Assets
$847,341
Net Assets
$792,141
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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
2021
Legal Domicile
PA
Principal Officer
JOEL BURSTEIN JR
Phone
4122297695
Tax Period
2023-01-01 to 2023-12-31

PITTSBURGH MINORITY BUSINESS ACCELERATOR, founded in 2021, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $302K, a strong 26% operating margin.

Mission

BEAM COLLABORATIVE WORKS WITH ECONOMICALLY CHALLENGED BUSINESSES AND WELL-ESTABLISHED ANCHOR INSTITUTIONS IN SOUTHWESTERN PENNSYLVANIA TO BUILD A MORE EQUITABLE AND RESILIENT BUSINESS ENVIRONMENT. BEAM STARTS WITH DEEP ANALYSIS OF THE PROCUREMENT DATA FROM A DOZEN OF THE PITTSBURGH REGION'S LARGE ANCHOR INSTITUTIONS WHO ARE DRIVING THE LOCAL ECONOMY, AND PAIRS IT WITH DEVELOPMENT COACHING AND CAPACITY-BUILDING FOR LOCAL MINORITY-OWNED BUSINESSES. USING THIS UNIQUE AND DATA-INFORMED MODEL, BEAM TAPS INTO THE POTENTIAL OF THE MINORITY BUSINESS COMMUNITY, EFFECTIVELY ADDRESSING SUPPLIER CHALLENGES AND IMPROVING SUPPLIER DIVERSITY, LOCAL HIRING, TRAINING AND GROWTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,056,500
Program Service Revenue $92,062
Investment Income $727
Other Revenue $0
TOTAL REVENUE $1,149,289

Expense Breakdown

Grants Paid $3,070
Salaries & Benefits $592,411
Fundraising Expenses $0
Program Expenses $691,404
Other Expenses $251,638
TOTAL EXPENSES $847,119

Year-over-Year Comparison

2023 2022 Change
Revenue $1,149,289 $1,220,000 -0.1%
Expenses $847,119 $730,029 +0.2%
Net Income $302,170 $489,971 -0.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
9

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
4
$424,229
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILL ALLEN CHAIR 2.00
Officer Director
$0 $0 $0
PATRICIA WARRICK SECRETARY 2.00
Officer Director
$0 $0 $0
ANGELA BLANTON DIRECTOR 2.00
Director
$0 $0 $0
BLAYRE BRITTON DIRECTOR 2.00
Director
$0 $0 $0
ROBERT CHERRY DIRECTOR 2.00
Director
$0 $0 $0
JASON HAZELWOOD DIRECTOR 2.00
Director
$0 $0 $0
MAJESTIC LANE DIRECTOR 2.00
Director
$0 $0 $0
DAVID MALONE DIRECTOR 2.00
Director
$0 $0 $0
SHON YATES DIRECTOR 2.00
Director
$0 $0 $0
JOEL BURSTEIN CEO 40.00
Officer
$199,738 $21,724 $221,462
JOSEPH MASSARO III CSO 40.00
Officer
$195,023 $7,744 $202,767
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 $1,149,289 $847,119 $847,341 $302,170
2022 $1,220,000 $730,029 $492,102 $489,971
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