Pennsylvania Institute of Technology

Nonprofit profile at a glance

EIN
231543518
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Media, PA, USA
Phone
6108921500
Rating
76
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$20,885,861
Expenses
$13,149,947
Assets
$22,128,377
Liabilities
$1,344,498

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • H MATTHEW MEYERS (PRESIDENT AND CEO)

Highest reported compensation

  • H MATTHEW MEYERS (PRESIDENT AND CEO): $252,542 total reported compensation
  • HEATHER PFLEGER (VP ACADEMIC AFFAIRS): $171,280 total reported compensation
  • ANNAMARIE CASSIDY (VP/CHIEF FINANCIAL OFFICER): $167,541 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Pennsylvania institute of technology is student success. Continued on schedule o.the college provides a supportive environment to enable committed students to succeed by offering the best collegiate education for career advancement, transfer opportunities, and personal growth.

What it reported doing in 2024

P.i.t.'s academic programs are organized into bachelor's, associate degree, and career certificate options. Many of the programs prepare graduates to obtain state or national industry certification in their field. A bachelor's degree in business is available along with associate degree programs including general studies, health science, healthcare management, business management, allied health, physical therapist assistant, diagnostic medical sonography, and three tracks of cannabis studies. Through its school of professional programs, p.i.t. Offers career certificates in practical nursing, and medical assisting. Continued on schedule o.students in degree programs earn transferable college credits. Students in allied health career certificate programs, upon graduation, may further their education at p.i.t. By completing additional required courses to earn an associate degree in allied health technology. Degree graduates may transfer their credits to one of the many colleges and universities with whom the college has established matriculation agreements.in addition to p.i.t.'s nationally recognized academic developmental program and library services, student support programs include career planning, college success workshops, tutoring, academic support counseling, and career placement. The college also provides full and partial scholarships to many students who would otherwise not be financially able to pursue a collegiate technical education. Enrollment growth: p.i.t. Experienced a significant increase in student enrollment, reinforcing its reputation as a preferred institution for higher education.enhanced transfer opportunities: the institute strengthened partnerships with four-year colleges, facilitating smoother transfer pathways for students and expanding their academic and career prospects.career-focused education: p.i.t. Continued to emphasize career-enhancing programs, ensuring that graduates are well-prepared to meet the demands of the evolving job market.commitment to student success: the institute maintained a supportive environment dedicated to student achievement, offering resources and experiences that promote personal growth and academic excellence.

Operating model

Revenue model
Earned-program. 73% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 83
  • Accountability: 95
  • Sustainability: 72
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48.1%; rating input score 48
  • Program expense ratio: 78.7%; rating input score 79
  • Fundraising efficiency: $24.98 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 37%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 1.68; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 1.6% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 48.1% of revenue deployed · 78.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $10.4M in reported program spending
  • Leadership: top reported pay $253K · 23 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.