BUFFALO LIGHTHOUSE ASSOCIATION INC (EIN 161264463) - 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

1985

Legal Domicile

Principal Officer

MICHAEL N VOGEL

Phone

7166624893

Tax Period

2024-01-01 to 2024-12-31

BUFFALO LIGHTHOUSE ASSOCIATION INC, founded in 1985, is a small nonprofit that reported $135K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Net assets of $445K represent 39 months of operating reserves.

Mission

PRESERVATION, PROTECTION AND RESTORATION OF THE BUFFALO NEW YORK LIGHTHOUSES AND TO MAINTAIN AND DEVELOP THE AREA SURROUNDING THEM IN ACCORDANCE WITH THEIR HISTORICAL SIGNIFICANCE.

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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 $130,608

Program Service Revenue $4,128

Investment Income $473

Other Revenue $0

TOTAL REVENUE $135,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,161

Other Expenses $147,411

TOTAL EXPENSES $147,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,209	$311,466	-0.6%
Expenses	$147,411	$60,205	+1.4%
Net Income	$-12,202	$251,261	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD PATTON	DIRECTOR	5.00	Director	$0	$0	$0
SANDRA PETRI	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL SACK	DIRECTOR	5.00	Director	$0	$0	$0
STASIA Z VOGEL	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM ZIMMERMAN	DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH J JAKUBIK	DIRECTOR	5.00	Director	$0	$0	$0
JOE BASIL SR	DIRECTOR	5.00	Director	$0	$0	$0
ALEX VOGEL	DIRECTOR	5.00	Director	$0	$0	$0
SETH PULLEN	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL N VOGEL	PRESIDENT AND DIRECTOR	10.00	Officer Director	$0	$0	$0
THOMAS JOHNSTON	VICE PRESIDENT AND DIRECTOR	5.00	Officer Director	$0	$0	$0
JAMES J RZAD	TREASURER AND DIRECTOR	8.00	Officer Director	$0	$0	$0

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	$135,209	$147,411	$597,842	$-12,202
2023	$311,466	$60,205	$613,611	$251,261
2022	$207,978	$271,293	$365,075	$-63,315
2021	$94,931	$88,348	$424,265	$6,583
2020	$214,106	$257,183	$455,835	$-43,077

BUFFALO LIGHTHOUSE ASSOCIATION INC