World Trade Center of Greater Philadelphia

Nonprofit profile at a glance

EIN
810582843
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Philadelphia, PA, USA
Phone
2155864240
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Economic Development

Official website

Reported finances

Revenue
$1,127,594
Expenses
$1,275,192
Assets
$501,882
Liabilities
$895,126

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

Leadership & pay

15 people listed

Executive titles in this filing

  • THOMAS YOUNG (CEO)

Highest reported compensation

  • THOMAS YOUNG (CEO): $170,457 total reported compensation

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

Overview

Mission

World trade center of greater philadelphia (wtcgp) is the region's leading non-profit international trade services organization. The wtcgp's mission is to bring growth and prosperity to businesses, communities, and neighborhoods (continued on schedule o)in greater philadelphia and worldwide through global trade and investment. The wtcgp belongs to the world trade centers association of over 300 world trade centers in nearly 100 countries and serves as the commonwealth of Pennsylvania's appointed regional export network representative for southeastern Pennsylvania. Since 2001, when the wtcgp was established, the organization has helped companies generate in total over $2.3b in incremental export sales, supporting over 29,000 jobs in the greater philadelphia region.

What it reported doing in 2024

The world trade center greater philadelphia (wtcgp) helps regional companies expand into international markets and assists foreign firms in doing business in the greater philadelphia region. As the commonwealth's regional export network (ren) partner for southeastern Pennsylvania, the wtcgp delivers export development, foreign investment attraction, and international business education programs that strengthen the region's global competitiveness.during 2024, wtcgp advanced its mission by helping regional companies to compete and succeed globally, eesulting in measurable export growth and job creation (continued on schedule o).the organization continues to serve as the region's trusted advisor in international trade, supporting inclusive economic development through programs that prepare businesses to access global markets and attract international investment to the greater philadelphia region. The wtcgp assisted approximately 157 companies, primarily small and medium-sized enterprises, through export counseling and technical advisory services. The wtcgp also conducted 29 educational events and training programs, including its annual global business conference and world trade centers day celebration, reaching more than 500 participants from the business, government, and academic sectors. Wtcgp facilitated engagement with partners from over 20 countries through trade missions and foreign delegations. Companies assisted by wtcgp reported approximately $128 million in new and retained export sales, supporting an estimated 560 regional jobs.

Operating model

Revenue model
Grant-funded. 73% of the money available for current operations came from government grants.
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 the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 70
  • Accountability: 90
  • Sustainability: 15
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.4%; rating input score 71
  • Program expense ratio: 63.1%; rating input score 63
  • Fundraising efficiency: $5.27 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Pass
    • 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: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -13.1%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.39; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 1.78; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 13.4%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: -1% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -1.9% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -5.4% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 71.4% of revenue deployed · 63.1% of spending went to programs
  • Governance: 15 of 15 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $805K in reported program spending
  • Leadership: top reported pay $170K · 15 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Fundraising efficiency scored 19/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 14/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.