BUFFALO PREP INC

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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

1989

Legal Domicile

Principal Officer

PATTI L STEPHEN

Phone

7168293605

Tax Period

2024-07-01 to 2025-06-30

BUFFALO PREP INC, founded in 1989, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $2.5M left a modest 9% surplus.

Mission

BUFFALO PREP PROMOTES EDUCATIONAL ACCESS AND OPPORTUNITY BY DELIVERING RIGOROUS AND ENRICHING PROGRAMMING FOR STUDENTS THROUGHOUT WESTERN NEW YORK. WE STRIVE TO NURTURE OUR SCHOLARS' BRILLIANCE WHILE EMPOWERING THEM TO ENGAGE CIVICALLY AS THEIR AUTHENTIC SELVES.

Program Service Accomplishments

Program 1

Expenses: $354,176 Revenue: $34,679

MIDDLE SCHOOL PREP (MSP) SUPPORTS POST-5TH AND -6TH GRADE MOTIVATED SCHOLARS ACROSS WESTERN NEW YORK WITH ACCELERATED EDUCATIONAL ENRICHMENT. MSP IS AN ENGAGING, FIVE-WEEK SUMMER PROGRAM, DURING THE CRUCIAL MIDDLE SCHOOL YEARS, THAT KEEPS SCHOLARS ENGAGED THROUGH A CULTURALLY RELEVANT, FUN, AND STIMULATING LEARNING ENVIRONMENT. THIS PROGRAM NURTURES A LOVE OF LEARNING, CULTIVATES PEER-TO-PEER CONNECTION, AND PREPARES SCHOLARS FOR SUCCESS IN THEIR EDUCATIONAL ASPIRATIONS. IT TAKES PLACE AT NICHOLS MIDDLE SCHOOL.

Program 2

Expenses: $484,579

HIGH SCHOOL PREP IS AN INTENSIVE, 14-MONTH PROGRAM THAT PREPARES SCHOLARS FOR ACCEPTANCE TO AND SUCCESS AT TOP INDEPENDENT, CATHOLIC, CHARTER, AND CRITERIA-BASED PUBLIC HIGH SCHOOLS AND HIGHER...

HIGH SCHOOL PREP IS AN INTENSIVE, 14-MONTH PROGRAM THAT PREPARES SCHOLARS FOR ACCEPTANCE TO AND SUCCESS AT TOP INDEPENDENT, CATHOLIC, CHARTER, AND CRITERIA-BASED PUBLIC HIGH SCHOOLS AND HIGHER EDUCATION. THIS NATIONALLY RECOGNIZED, CULTURALLY RELEVANT PROGRAM TAKES PLACE AT THE UNIVERSITY AT BUFFALO SOUTH CAMPUS THE SUMMERS BEFORE AND AFTER 8TH GRADE, AS WELL AS TWO NIGHTS PER WEEK AND ON SATURDAYS DURING THE 8TH GRADE ACADEMIC YEAR.

Program 3

Expenses: $373,472

RISING TO DISTINCTION - CREATED IN PARTNERSHIP WITH THE OISHEI FOUNDATION TO PROVIDE ACADEMIC SUPPORT AND COLLEGE READINESS PREPARATION FOR UNDERREPRESENTED, TALENTED YOUTH. AN RTD SCHOLAR MUST...

RISING TO DISTINCTION - CREATED IN PARTNERSHIP WITH THE OISHEI FOUNDATION TO PROVIDE ACADEMIC SUPPORT AND COLLEGE READINESS PREPARATION FOR UNDERREPRESENTED, TALENTED YOUTH. AN RTD SCHOLAR MUST ATTEND ONE OF OUR PARTNER HIGH SCHOOLS.

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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 $2,726,920

Program Service Revenue $34,679

Investment Income $60,530

Other Revenue $-52,759

TOTAL REVENUE $2,769,370

Expense Breakdown

Grants Paid $137,886

Salaries & Benefits $1,638,271

Fundraising Expenses $314,443

Program Expenses $2,023,421

Other Expenses $698,999

TOTAL EXPENSES $2,529,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,769,370	$2,973,164	-0.1%
Expenses	$2,529,156	$2,447,378	+0.0%
Net Income	$240,214	$525,786	-0.5%

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

$145,727

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODYANN GALVIN	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
TRACY WOODROW	BOARD VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BETSY MITCHELL	BOARD TREASURER	0.50	Officer Director	$0	$0	$0
SHANNON BRYANT	BOARD SECRETARY	0.50	Officer Director	$0	$0	$0
DINA BENDERSON	FUNDRAISING CHAIR	0.50	Officer Director	$0	$0	$0
LUIS A RODRIGUEZ JR	IMMEDIATE PAST PRESIDENT	0.50	Director	$0	$0	$0
COURTNEY HUNTER	DIRECTOR	0.30	Director	$0	$0	$0
CRAIG D HANNAH	DIRECTOR	0.30	Director	$0	$0	$0
ERIC YARWOOD	DIRECTOR	0.30	Director	$0	$0	$0
GELLENIA NICOLE SMALLWOOD	DIRECTOR	0.30	Director	$0	$0	$0
GEORGE SCHOENEMAN	DIRECTOR	0.30	Director	$0	$0	$0
JAHARR PRIDGEN	DIRECTOR	0.30	Director	$0	$0	$0
JOHN BALDO	DIRECTOR	0.30	Director	$0	$0	$0
KYRIA STEPHENS	DIRECTOR	0.30	Director	$0	$0	$0
LAUREN LEWIS	DIRECTOR	0.30	Director	$0	$0	$0
MARK GRACZYK	DIRECTOR	0.30	Director	$0	$0	$0
MATTHEW A BECTON	DIRECTOR	0.30	Director	$0	$0	$0
MONIQUE COOPER	DIRECTOR	0.30	Director	$0	$0	$0
RYAN GILBERT	DIRECTOR	0.30	Director	$0	$0	$0
SARAH WASHINGTON	DIRECTOR	0.30	Director	$0	$0	$0
SCOTT HORRIGAN	DIRECTOR	0.30	Director	$0	$0	$0
STEPHEN W BELL	DIRECTOR	0.30	Director	$0	$0	$0
SUZANNE ROSENBLITH	DIRECTOR	0.30	Director	$0	$0	$0
TRICIA BARRETT	DIRECTOR	0.30	Director	$0	$0	$0
PATTI STEPHEN	PRESIDENT	37.00	Officer	$110,727	$35,000	$145,727
MARCUS DEVESO	HIGHEST PAID EMPLOYEE	37.00	Highest	$111,448	$30,295	$141,743

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	$2,769,370	$2,529,156	$7,133,569	$240,214
2024	$2,973,164	$2,447,378	$6,448,132	$525,786
2023	$2,374,083	$2,423,569	$5,711,993	$-49,486
2022	$2,229,642	$2,070,118	$5,530,433	$159,524
2021	$1,860,239	$1,600,111	$5,966,011	$260,128
2020	$2,409,672	$1,470,910	$5,014,019	$938,762
2019	$2,229,545	$1,540,301	$3,886,052	$689,244