WORKFORCE CORPORATION OF BUFFALO & ERIE COUNTY (EIN 161375929) - 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

1990

Legal Domicile

Principal Officer

LAVON STEPHENS

Phone

7168199845

Tax Period

2022-10-01 to 2023-09-30

WORKFORCE CORPORATION OF BUFFALO & ERIE COUNTY, founded in 1990, is a micro nonprofit that reported $57K in total revenue in fiscal year 2022. Revenue fell 81% from the prior year — a significant decline worth monitoring.

Mission

WORKFORCE CORPORATION OF BUFFALO AND ERIE COUNTY IS ORGANIZED FOR THE PURPOSE OF PROMOTING OPPORTUNITIES FOR YOUTH AND DISDVANTAGED PERSONS AND RELIEVING OR REDUCING UNEMPLOYMENT AMONG THE RESIDENTS OF BUFFALO AND ERIE COUNTY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $56,858

TOTAL REVENUE $56,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,323

Other Expenses $56,858

TOTAL EXPENSES $56,858

Year-over-Year Comparison

	2022	2021	Change
Revenue	$56,858	$296,739	-0.8%
Expenses	$56,858	$296,739	-0.8%
Net Income	$0	$0	N/A

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
DEMONE SMITH	CHAIR	0.20	Officer Director	$0	$0	$0
LAVON STEPHENS	VICE CHAIR	0.20	Officer Director	$0	$0	$0
SHARON PATTERSON-WHITE	SECERTARY	0.20	Officer Director	$0	$0	$0
JOSEPH RICCHIAZZI	TREASURER	0.20	Officer Director	$0	$0	$0
DARNELL CUMMINGS	MEMBER	0.20	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
2023	$56,858	$56,858	No data	No data
2022	$296,739	$296,739	$132,733	No data
2021	$2,163,866	$2,163,866	$230,894	No data
2020	$992,710	$992,710	$131,598	No data

WORKFORCE CORPORATION OF BUFFALO & ERIE COUNTY