PITTSBURGH EMERGENCY MEDICINE FOUNDATION
Mission Statement
The Pittsburgh Emergency Medicine Foundation is an autonomous charitable foundation formed to foster the academic and research programs of the University of Pittsburgh Affiliated Residency in Emergency Medicine and the Center for Emergency Medicine of Western Pennsylvania. The Foundation is chartered under the laws of the Commonwealth of Pennsylvania. It is governed by a Board of Directors whose Chairman and officers are elected by the Board. The Foundation is committed to providing financial support for research and educational endeavors in the field of emergency medicine. Through these efforts, the Foundation hopes to increase awareness and interest in the field of emergency medicine education and research thereby contributing to the improvement of care of patients in the Emergency Department. The goals of the Foundation are as follows: •To conduct and encourage basic and clinical research in emergency medical care and related fields that will enhance knowledge and improve emergency medical care and its delivery; •To provide sponsor and promote education and training for residents, medical students, fellows, faculty members, practicing physicians, paramedical personnel and the lay public; and •To act as a support group for the research and educational activities of residents and fellows of the University of Pittsburgh Affiliated Residency in Emergency Medicine.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
34.7% | 80.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
20.0% | 12.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
45.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
25.8% | 27.7% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
85.5 mo | 29.2 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
78.5% | 99.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-9.1% | -2.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
17.7% | -1.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
34.7% | 13.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $101K | $66K | $472K | 34.7% | 1 |
| 2022 | $111K | $56K | $410K | 19.7% | 1 |
| 2021 | $90K | $60K | N/A | — | 1 |
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