GREATER ROCHESTER ENTERPRISE INC (EIN 100000080) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

MATTHEW C HURLBUTT

Phone

5855306200

Tax Period

2025-01-01 to 2025-12-31

GREATER ROCHESTER ENTERPRISE INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2025. Expenses of $2.3M left a modest 4% surplus.

Mission

GREATER ROCHESTER ENTERPRISE, INC. (GRE) WAS FORMED TO FOSTER ECONOMIC DEVELOPMENT IN THE NINE-COUNTY GREATER ROCHESTER, NEW YORK REGION THROUGH A COLLABORATIVE AND PROFESSIONAL MARKETING EFFORT OF THE PUBLIC AND PRIVATE SECTORS. GRE IS A LEAGUE OF ORGANIZATIONS AND INDIVIDUALS HAVING A COMMON INTEREST IN ECONOMIC DEVELOPMENT IN THE REGION. GRE DEVOTES ITS RESOURCES AND EXPERTISE TO PROMOTE THIS INTEREST.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,371,808

Program Service Revenue $0

Investment Income $3,352

Other Revenue $0

TOTAL REVENUE $2,375,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,589,465

Fundraising Expenses $140,495

Program Expenses $1,808,817

Other Expenses $697,365

TOTAL EXPENSES $2,286,830

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,375,160	$2,297,833	+0.0%
Expenses	$2,286,830	$2,216,346	+0.0%
Net Income	$88,330	$81,487	+0.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$477,679

Total Directors

$477,679

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
ANA LISS	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBIE GOHEEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN PINCELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DEANA PERCASSI	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL PARKES	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID DWORKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DEANNA BURT-NANNA	BOARD MEMBER	1.00	Director	$0	$0	$0
GARTH HANKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GAVIN BROWNLIE	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD KONAR	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER ESLINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE MORELLE JR	BOARD MEMBER	1.00	Director	$0	$0	$0
KARL SCHULER	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM GAYLORD	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE MARINO	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI GREEN	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW HURLBUTT	PRESIDENT & CEO	24.00	Officer Director	$412,925	$64,754	$477,679
PETER ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
RUFUS JUDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT NASCA	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA MAZZULLO	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE EPPING	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD LIEBERT	CHAIR	1.00	Officer Director	$0	$0	$0
TODD MUSCATELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCENT LECCE	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY BELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BOULTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ADRIENNE GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MASSE	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM MORAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA NILSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE VITA	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL GOODRICH	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM SANDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID M GROME	SR. MANAGING DIRECTOR, BUS	39.00	Highest	$146,316	$8,873	$155,189
KATIE BRESNAN	MANAGING DIRECTOR, BUSINES	39.00	Highest	$128,154	$8,834	$136,988
LEAH GEORGE VANSCOTT	EVP, BUSINESS DEV & STRATE	39.00	Highest	$188,944	$24,606	$213,550
STACI HENNING	EVP, CHIEF MARKETING OFFIC	28.00	Highest	$199,858	$25,028	$224,886

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
2025	$2,375,160	$2,286,830	$868,290	$88,330
2024	$2,297,833	$2,216,346	$772,477	$81,487
2023	$2,118,996	$2,026,368	$709,196	$92,628
2022	$1,982,160	$1,895,667	$699,672	$86,493
2021	$1,578,976	$1,649,872	$543,098	$-70,896
2020	$1,577,570	$1,590,013	$493,577	$-12,443
2019	$1,763,257	$1,659,138	$368,427	$104,119
2018	$1,404,182	$1,348,149	$498,166	$56,033

GREATER ROCHESTER ENTERPRISE INC