Pittsburgh Regional Alliance

Nonprofit profile at a glance

EIN
251780438
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Pittsburgh, PA, USA
Phone
4122811890
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$3,371,047
Expenses
$3,371,047
Assets
$2,843,708
Liabilities
$951,358

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

Leadership & pay

6 people listed

Executive titles in this filing

  • STEFANI PASHMAN (CEO)

Highest reported compensation

  • STEFANI PASHMAN (CEO): $723,539 total reported compensation
  • MATT SMITH (CHIEF GROWTH OFFICER): $469,408 total reported compensation
  • WILLIAM D MCKAIN ((COO TILL 05/24, CFO AS OF 06/24)): $313,674 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 the pittsburgh regional alliance (pra) is to market the 10 counties of southwestern Pennsylvania as a prime location for business investment and talent.(continued on sch o) the pra provides business leaders domestically and globally with essential rescources, connects them to various sources of support and assists them in the process of corporate expansion or location within the pittsburgh region. The pra maintains regional data, demographics and real estate databases. The pra also provides project management services including site location assistance, global business assistance, access to financial assistance, talent attraction and retention, peer executive meetings and market research and analysis to business executives considering investing in southwestern Pennsylvania.

What it reported doing in 2024

10-county economic development: a strong economy creates pathways to individual prosperity and provides the tax base needed to support robust transportation, quality education, affordable housing, and cultural and infrastructure investments. The pittsburgh regional alliance drives these outcomes by working directly with companies and other key stakeholders to attract, expand, and retain businesses in the pittsburgh region.in 2024, we drove $361 million in capex. See schedule o for a sample of the 2024 high-impact projects that represent this growth.- mainspring energy: mainspring energy selected findlay township for its manufacturing facility, representing $175 million in total investment, including $87 million in federal funding. The facility will create 600 permanent jobs and an additional 300 construction jobs. Once operational, it will produce up to 1,000 linear generators annually, the power equivalent to meet the electricity needs of up to a quarter of a million u.s. Homes. - mitsubishi electric power products, inc.: meppi announced a $93 million investment to expand and build an advanced manufacturing facility in the region. This new factory will create 200 jobs and retain over 800 positions. The facility will produce cutting-edge switchgears, enhancing power reliability and supporting the modernization of the electric grid while reducing carbon emissions.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 41
  • Accountability: 72
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.7%; rating input score 68
  • Program expense ratio: 67.3%; rating input score 67
  • Fundraising efficiency: $37.27 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: 0%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.84; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 3.2%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 0.5% per year; rating input score 100; 16th percentile among comparable filings
  • Revenue growth: 0.9% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 14th percentile among comparable filings

Details

  • Where the money goes: 67.7% of revenue deployed · 67.3% of spending went to programs
  • Governance: 2 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.3M in reported program spending
  • Leadership: top reported pay $724K · 6 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $560K reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 6 filed related-organization links
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.