BUFFALO RENAISSANCE FOUNDATION INC

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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

1981

Legal Domicile

Principal Officer

EUGENE KERSHNER

Phone

7169832959

Tax Period

2023-01-01 to 2023-12-31

BUFFALO RENAISSANCE FOUNDATION INC, founded in 1981, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $222K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Net assets of $2.3M represent 123 months of operating reserves.

Mission

TO FOSTER A BETTER QUALITY OF LIFE IN BUFFALO AND THE WESTERN NEW YORK REGION.

Program Service Accomplishments

Program 1

Expenses: $150,822

ACTIVE SUPPORT OF WESTERN NEW YORK EDUCATIONAL, CULTURAL, AND BENEVOLENT ORGANIZATIONS AND ACTIVITIES, INCLUDING CHARITABLE GIVING AND ENGAGING THE COMMUNITY IN DIALOGUE AND EVENTS TO PROMOTE SOCIAL...

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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 (2023)

Revenue Breakdown

Contributions & Grants $192,584

Program Service Revenue $0

Investment Income $15,454

Other Revenue $13,568

TOTAL REVENUE $221,606

Expense Breakdown

Grants Paid $103,645

Salaries & Benefits $36,000

Fundraising Expenses $17,334

Program Expenses $150,822

Other Expenses $99,645

TOTAL EXPENSES $239,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,606	$742,304	-0.7%
Expenses	$239,290	$218,291	+0.1%
Net Income	$-17,684	$524,013	-1.0%

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

N/A

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BAYNES JR AJ	DIRECTOR	1.00	Director	$0	$0	$0
BEATON DAVID B	TREASURER	2.00	Officer Director	$0	$0	$0
BROWN JR DONALD	DIRECTOR	1.00	Director	$0	$0	$0
CIMINELLI II FRANK	DIRECTOR	1.00	Director	$0	$0	$0
CLEARY JOHN	SECRETARY	2.00	Officer Director	$0	$0	$0
CLEARY WILLIAM	PRESIDENT	2.00	Officer Director	$0	$0	$0
DOLAN MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
DOMINO TIMOTHY	DIRECTOR	1.00	Director	$0	$0	$0
ENSTICE MATTHEW	DIRECTOR	1.00	Director	$0	$0	$0
FELGEMACHER KURT	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT RICHARD	DIRECTOR	1.00	Director	$0	$0	$0
GLOGOWSKI SHAWN C	DIRECTOR	1.00	Director	$0	$0	$0
HOFFMAN SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
HUNT CHARLES	DIRECTOR	1.00	Director	$0	$0	$0
IGLEWSKI JAMES	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAYASINGHE DHARSHAN	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
KEATING PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
KERSHNER EUGENE	DIRECTOR	5.00	Director	$0	$0	$0
KREUZ JOSEPH R	DIRECTOR	1.00	Director	$0	$0	$0
MARLETTE PETER	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN TOD	DIRECTOR	1.00	Director	$0	$0	$0
MCMANUS THOMAS S	DIRECTOR	1.00	Director	$0	$0	$0
MECCA DANIEL P	DIRECTOR	1.00	Director	$0	$0	$0
MILLER MATTHEW	DIRECTOR	1.00	Director	$0	$0	$0
MODRZYNSKI MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
MONTANTE MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
NAYLON III MAURICE	DIRECTOR	1.00	Director	$0	$0	$0
NOTARIUS JON	DIRECTOR	1.00	Director	$0	$0	$0
OBLETZ BENJAMIN	DIRECTOR	1.00	Director	$0	$0	$0
QUEALY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ROSS MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
RUSS III HUGH	DIRECTOR	1.00	Director	$0	$0	$0
SCHNEIDER C JACOB	DIRECTOR	1.00	Director	$0	$0	$0
SCHUTTE DAVID	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SOMERS JOHN	DIRECTOR	1.00	Director	$0	$0	$0
VUKELIC PAUL	DIRECTOR	1.00	Director	$0	$0	$0
WINGERTER ART	DIRECTOR	1.00	Director	$0	$0	$0
WOJCIECHOWSKI DAMON	DIRECTOR	1.00	Director	$0	$0	$0
MCMANIGLE SCOTT	EXECUTIVE DIRECTOR	5.00	Officer	$36,000	$0	$36,000

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$221,606	$239,290	$2,280,941	$-17,684
2022	$742,304	$218,291	$2,201,794	$524,013
2021	$310,082	$293,040	$1,677,781	$17,042
2020	$496,843	$394,090	$1,660,738	$102,753
2019	$251,013	$116,206	$1,557,985	$134,807
2018	$220,338	$320,307	$1,423,178	$-99,969