GREATER BUFFALO ITALIAN HERITA FESTIVAL INC (EIN 161375939) - 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

Principal Officer

JUDY PORTO-FIORELLA

Phone

7168600705

Tax Period

2025-01-01 to 2025-12-31

GREATER BUFFALO ITALIAN HERITA FESTIVAL INC is a small nonprofit that reported $141K in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. Expenses of $132K left a modest 7% surplus.

Mission

THE ENHANCEMENT OF COMMUNITY SERVICES IN THE NEIGHBORHOODS OF THE CITY OF BUFFALO

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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 (2025)

Revenue Breakdown

Contributions & Grants $40,000

Program Service Revenue $101,494

Investment Income $0

Other Revenue $0

TOTAL REVENUE $141,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $131,709

Other Expenses $131,709

TOTAL EXPENSES $131,709

Year-over-Year Comparison

	2025	2024	Change
Revenue	$141,494	$162,844	-0.1%
Expenses	$131,709	$157,620	-0.2%
Net Income	$9,785	$5,224	+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

N/A

Employees

N/A

Volunteers

N/A

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
SANTO CAMPANEL	DIRECTOR	4	Director	$0	$0	$0
SALVATORE DENT	DIRECTOR	4	Director	$0	$0	$0
ELAINE GRISANT	DIRECTOR	4	Director	$0	$0	$0
PETER LOJACANO	VICE PRESIDENT	16	Officer Director	$0	$0	$0
DEBBIE LOMBARD	DIRECTOR	4	Director	$0	$0	$0
JOE MANTIONE	DIRECTOR	4	Director	$0	$0	$0
TERESA MARCELL	DIRECTOR	4	Director	$0	$0	$0
TOM MUSCARELLA	DIRECTOR	4	Director	$0	$0	$0
JUDY PORTO	PRESIDENT	16	Officer Director	$0	$0	$0
DANIELLE SALAS	TREAURER	16	Officer Director	$0	$0	$0
FRANK SPARACIN	DIRECTOR	4	Director	$0	$0	$0
KAY TUHOLSKI	DIRECTOR	4	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
2025	$141,494	$131,709	$40,303	$9,785
2024	No data	No data	No data	No data
2023	$105,444	$114,937	$25,294	$-9,493
2022	$12,172	$1,643	$34,687	$10,529
2019	$-15,933	$9,769	$50,334	$-25,702
2018	$50,588	$44,466	$76,036	$6,122

GREATER BUFFALO ITALIAN HERITA FESTIVAL INC