BUFFALO TEACHERS FEDERATION SUPPLEMENTAL BENEFIT FUND (EIN 161066905) - 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

1974

Legal Domicile

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.

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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 $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

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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

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

$121,163

Total Directors

$1,749

Key Employees

Highest Compensated

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
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

BUFFALO TEACHERS FEDERATION SUPPLEMENTAL BENEFIT FUND