BUFFALO PLACE FOUNDATION (EIN 161393524) - 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

1991

Legal Domicile

Principal Officer

KEITH M BELANGER

Phone

7168563150

Tax Period

2024-01-01 to 2024-12-31

BUFFALO PLACE FOUNDATION, founded in 1991, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $2.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

DOWNTOWN REVITALIZATION.

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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 $304,949

Program Service Revenue $1,428,000

Investment Income $0

Other Revenue $152,550

TOTAL REVENUE $1,885,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,217,954

Fundraising Expenses $0

Program Expenses $1,702,530

Other Expenses $910,208

TOTAL EXPENSES $2,128,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,885,499	$1,758,834	+0.1%
Expenses	$2,128,162	$1,876,388	+0.1%
Net Income	$-242,663	$-117,554	+1.1%

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

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

$167,411

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY J BAYNES	DIRECTOR	0.50	Director	$0	$0	$0
KEITH M BELANGER	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
STEVEN J CARMINA	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DANIEL CASTLE	DIRECTOR	0.50	Director	$0	$0	$0
PAUL F CIMINELLI	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ANTHONY J COLUCCI III	PRESIDENT & VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
HON CHRISTOPHER L JACOBS	SECRETARY	0.50	Officer Director	$0	$0	$0
STAN MAKOWSKI JR	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM PALADINO	DIRECTOR	0.50	Director	$0	$0	$0
ROCCO TERMINI	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA A DANNER	TREASURER	0.50	Officer Director	$0	$0	$0
HON LAWRENCE DUPRE	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN GOULD	DIRECTOR	0.50	Director	$0	$0	$0
HON BRIAN M HIGGINS	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA BARNES	COUNSEL (NON-VOTING)	0.50	Officer	$0	$0	$0
MICHAEL T SCHMAND	EXEC. DIR/V.P.(NON-VOTING)	0.50	Officer	$0	$5,437	$167,411

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	$1,885,499	$2,128,162	$201,828	$-242,663
2023	$1,758,834	$1,876,388	$444,237	$-117,554
2022	$2,105,241	$1,783,481	$2,117,377	$321,760
2021	$1,867,214	$1,497,680	$2,343,887	$369,534
2020	$2,082,138	$1,407,069	$1,901,911	$675,069
2019	$1,815,708	$1,505,146	$1,209,669	$310,562
2018	$1,995,908	$1,627,822	$1,164,859	$368,086

BUFFALO PLACE FOUNDATION