THE CHILDREN'S HOSPITAL OF BUFFALO FOUNDATION (EIN 161332044) - 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

1988

Legal Domicile

Principal Officer

ANDREW BENNETT

Phone

7168818260

Tax Period

2023-01-01 to 2023-12-31

THE CHILDREN'S HOSPITAL OF BUFFALO FOUNDATION, founded in 1988, is a mid-sized nonprofit in the Health Care sector that reported $12.3M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $17.4M exceeded revenue, resulting in a 42% operating deficit.

Mission

TO SOLICIT, MAINTAIN & ENHANCE THE VALUE OF PUBLIC CONTRIBUTIONS TO PROVIDE FINANCIAL SUPPORT TO JOHN R. OISHEI CHILDREN'S HOSPITAL IN THEIR MISSION TO DELIVER UNPARALLELED PEDIATRIC AND WOMEN'S HEALTHCARE SERVICES.

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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 $11,168,081

Program Service Revenue $0

Investment Income $863,094

Other Revenue $263,124

TOTAL REVENUE $12,294,299

Expense Breakdown

Grants Paid $13,372,516

Salaries & Benefits $1,742,588

Fundraising Expenses $0

Program Expenses $15,886,726

Other Expenses $2,324,782

TOTAL EXPENSES $17,439,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,294,299	$15,158,294	-0.2%
Expenses	$17,439,886	$17,895,442	0.0%
Net Income	$-5,145,587	$-2,737,148	+0.9%

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

156

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

$390,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER WILLIAMS	CHAIRMAN (THRU FEB 2023)	1.00	Director	$0	$0	$0
FRANCISCO VASQUEZ	NEW CHAIR	1.00	Director	$0	$0	$0
DAVID BEATON	VICE CHAIR	1.00	Director	$0	$0	$0
JAMES SWIEZY	SECRETARY	1.00	Director	$0	$0	$0
ASHLEY MEGANCK	TREASURER	1.00	Director	$0	$0	$0
KAREN BALDUF	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW DAVISON	DIRECTOR	1.00	Director	$0	$0	$0
BETH EDBAUER	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN GORDON	DIRECTOR	1.00	Director	$0	$0	$0
BETHANNE HOLLIS	DIRECTOR (AS OF OCT 2023)	1.00	Director	$0	$0	$0
JEREMY KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARY LOMEO	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JOETTE MOSEY-ZACCAGNINO	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN NOTARIUS	DIRECTOR	1.00	Director	$0	$0	$0
PETER PETRELLA	DIRECTOR	1.00	Director	$0	$0	$0
NAGENDRA RAINA	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE RAGUSA	DIRECTOR	1.00	Director	$0	$0	$0
DR RENEE REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
RUSS SALVATORE	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH SLOMOVITZ	DIRECTOR	1.00	Director	$0	$0	$0
PATTI THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW VUKELIC	DIRECTOR	1.00	Director	$0	$0	$0
KATIE GORMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BENNETT	VICE PRESIDENT	40.00	Officer	$374,428	$15,578	$390,006
ANDREW LASHUA	DIRECTOR OF DEVELOPMENT	40.00	Highest	$168,197	$27,821	$196,018
ERIN HARTNETT	SR DIRECTOR DEVELOPMENT	40.00	Highest	$117,478	$26,706	$144,184

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	No data	No data	No data	No data
2023	$12,294,299	$17,439,886	$76,066,845	$-5,145,587
2022	$15,158,294	$17,895,442	$76,265,837	$-2,737,148
2021	$13,115,103	$15,954,187	$94,191,581	$-2,839,084
2020	$10,698,301	$13,187,081	$80,081,710	$-2,488,780
2019	$14,046,755	$13,996,863	$76,865,531	$49,892

THE CHILDREN'S HOSPITAL OF BUFFALO FOUNDATION