BUFFALO TEACHERS FEDERATION SUPPLEMENTAL BENEFIT FUND

EIN: 161066905

BUFFALO, NY

Total Revenue
$3,177,936
Total Expenses
$2,111,344
Total Assets
$12,173,243
Net Assets
$9,026,653
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
Principal Officer
CHRISTINE WHITMAN
Phone
7168815462
Tax Period
2023-09-01 to 2024-08-31

BUFFALO TEACHERS FEDERATION SUPPLEMENTAL BENEFIT FUND, founded in 1974, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 34% operating margin.

Mission

TO PROVIDE VARIOUS BENEFITS TO MEMBERS OF THE BUFFALO TEACHERS FEDERATION.

Program Service Accomplishments

Program 1

THE SUPPLEMENTAL BENEFIT FUND PROVIDES DENTAL, OPTICAL, PRESCRIPTION AND DEATH BENEFITS TO MEMBERS OF THE BUFFALO TEACHERS FEDERATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,557,717
Investment Income $620,219
Other Revenue $0
TOTAL REVENUE $3,177,936

Expense Breakdown

Grants Paid $0
Salaries & Benefits $-64,792
Fundraising Expenses $0
Other Expenses $79,800
TOTAL EXPENSES $2,111,344

Year-over-Year Comparison

2023 2022 Change
Revenue $3,177,936 $2,709,560 +0.2%
Expenses $2,111,344 $1,891,643 +0.1%
Net Income $1,066,592 $817,917 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
N/A

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
3
$121,163
Total Directors
5
$1,749
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD NIGRO TRUSTEE 5.00
Director
$0 $0 $251
JESSE MCVERBY TRUSTEE 2.00
Director
$0 $0 $0
SAMUEL FRITZ CHAIRPERSON 2.00
Director
$0 $0 $134
M SUE RAICHILSON SECRETARY 2.00
Officer Director
$0 $0 $700
RUYVETTE TOWNSEND TRUSTEE 2.00
Director
$0 $0 $664
WENDY AIKEN DIRECTOR 40.00
Officer
$110,771 $9,692 $120,463
CHRISTINE WHITMAN INTERIM DIRECTOR 40.00
Officer
$0 $0 $0
PHILIP RUMORE FORMER TRUSTEE 5.00
$0 $0 $78,363
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 $3,177,936 $2,111,344 $12,173,243 $1,066,592
2023 $2,709,560 $1,891,643 $11,076,271 $817,917
2022 $2,387,814 $2,185,845 $8,167,320 $201,969
2021 $2,431,874 $2,139,597 $8,912,078 $292,277
2020 $2,502,429 $1,854,821 $9,777,804 $647,608
2019 $2,515,593 $2,259,033 $8,620,607 $256,560
2018 $2,379,517 $1,982,600 $8,269,513 $396,917
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BUFFALO TEACHERS FEDERATION SUPPLEMENTAL BENEFIT FUND with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.