WESTERN NEW YORK TECHNOLOGY DEVELOPMENT CENTER INC (EIN 161188210) - 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

1984

Legal Domicile

Principal Officer

BENJAMIN L RAND

Phone

7166363626

Tax Period

2024-01-01 to 2024-12-31

WESTERN NEW YORK TECHNOLOGY DEVELOPMENT CENTER INC, founded in 1984, is a community nonprofit in the Science & Technology sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

TO TRANSFORM OUR REGION BY STIMULATING THE GROWTH AND CREATION OF DYNAMIC COMPANIES IN ORDER TO PROVIDE A SUPERIOR STANDARD OF LIVING FOR RESIDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $850,000

Program Service Revenue $1,256,726

Investment Income $9,362

Other Revenue $33,648

TOTAL REVENUE $2,149,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,401,170

Fundraising Expenses $0

Program Expenses $2,067,279

Other Expenses $875,650

TOTAL EXPENSES $2,276,820

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,149,736	$2,562,968	-0.2%
Expenses	$2,276,820	$2,573,030	-0.1%
Net Income	$-127,084	$-10,062	+11.6%

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

$349,755

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER AHRENS	BOARD MEMBER	0.50	Director	$0	$0	$0
ROCCO SURACE	BOARD MEMBER/TREASURER	0.50	Officer Director	$0	$0	$0
STEVEN F CALZI	BOARD MEMBER/PRESIDENT (TO 5/30/24)	0.50	Officer Director	$0	$0	$0
PAUL DELLANEVE	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTOPHER J LANSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS KAMMERER	BOARD MEMBER	0.50	Director	$0	$0	$0
BARBARA PILMORE	BOARD MEMBER	0.50	Director	$0	$0	$0
DALE GIER	BOARD MEMBER/PRESIDENT	0.50	Officer Director	$0	$0	$0
CLAYTON SPAETH	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES KRAMER	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHEN TUCKER	BOARD MEMBER	0.50	Director	$0	$0	$0
LOUIS PANZICA	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL PRENDERGAST	BOARD MEMBER	0.50	Director	$0	$0	$0
KYLE SWIAT	BOARD MEMBER	0.50	Director	$0	$0	$0
DR ALAN RAE	BOARD MEMBER (TO 5/30/24)	0.50	Director	$0	$0	$0
HENRY CIALONE	BOARD MEMBER	0.50	Director	$0	$0	$0
CRAIG FISCHER	BOARD MEMBER	0.50	Director	$0	$0	$0
CRAIG TURNER	BOARD MEMBER/SECRETARY	0.50	Officer Director	$0	$0	$0
BENJAMIN L RAND	PRESIDENT OF CORPORATION	40.00	Officer	$207,147	$21,049	$228,196
LINDA J MCQUILLEN	DIRECTOR OF ADMINISTRATION	40.00	Officer	$113,910	$7,649	$121,559
RYAN M CASE	BUSINESS CONSULTANT	40.00	Highest	$112,290	$26,952	$139,242
PHILIP J CELOTTO	BUSINESS CONSULTANT	40.00	Highest	$136,943	$0	$136,943
JOHN A MCGOWAN	BUSINESS CONSULTANT	40.00	Highest	$156,590	$3,589	$160,179
JAMES S JOHNSON	BUSINESS CONSULTANT	40.00	Highest	$139,455	$15,662	$155,117
DAVID R HANITZ	BUSINESS CONSULTANT	40.00	Highest	$105,302	$12,054	$117,356

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	$2,149,736	$2,276,820	$1,101,355	$-127,084
2023	$2,562,968	$2,573,030	$1,202,582	$-10,062
2022	$2,443,511	$2,439,340	$1,346,783	$4,171
2021	$2,858,472	$2,644,987	$1,286,247	$213,485
2020	$2,147,283	$2,305,135	$1,019,813	$-157,852
2019	$2,289,697	$2,290,819	$1,050,944	$-1,122
2018	$2,325,561	$2,289,916	$1,302,089	$35,645

WESTERN NEW YORK TECHNOLOGY DEVELOPMENT CENTER INC