BUFFALO HEARING & SPEECH CENTER FOUNDATION INC (EIN 161487962) - 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

1995

Legal Domicile

Principal Officer

JOSEPH COZZO

Phone

7168858318

Tax Period

2024-01-01 to 2024-12-31

BUFFALO HEARING & SPEECH CENTER FOUNDATION INC, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $493K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $593K exceeded revenue, resulting in a 20% operating deficit.

Mission

SOLICITING, RECEIVING, MAINTAINING, MANAGING AND DISTRIBUTING FUNDS ON BEHALF OF BUFFALO HEARING & SPEECH CENTER, INC., A RELATED AFFILIATE EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE 501(C)(3).

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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 $437,151

Program Service Revenue $0

Investment Income $55,677

Other Revenue $0

TOTAL REVENUE $492,828

Expense Breakdown

Grants Paid $493,657

Salaries & Benefits $310

Fundraising Expenses $27,816

Program Expenses $493,657

Other Expenses $99,216

TOTAL EXPENSES $593,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$492,828	$836,868	-0.4%
Expenses	$593,183	$503,332	+0.2%
Net Income	$-100,355	$333,536	-1.3%

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

$472,476

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD TEVENS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARSHA KOELMEL	FIRST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ZACHARY HOWE	SECOND VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANIEL REININGA	TREASURER	1.00	Officer Director	$0	$0	$0
GERALD CHIARI	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL BANAS	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
RYAN ERWIN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA G GIOIA MA	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN J HARVEY PHD	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE HERRMAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MECCA	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL SAVARINO	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS SZEFEL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER P TIRABASSI MBA CMPE	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN TOMASULA	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH J COZZO	PRESIDENT	1.00	Officer	$0	$842	$207,501
ALLISON MERLINO	CFO	1.00	Officer	$0	$15,118	$119,839
JOSEPH SONNENBERG	COO	1.00	Officer	$0	$2,585	$145,136

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	No data	No data	No data	No data
2024	$492,828	$593,183	$2,216,029	$-100,355
2023	$836,868	$503,332	$2,193,701	$333,536
2022	$999,861	$650,367	$1,830,018	$349,494
2021	$772,729	$576,067	$1,514,847	$196,662
2020	$227,231	$347,951	$1,206,708	$-120,720
2019	$468,247	$310,760	$1,274,719	$157,487
2018	$441,480	$342,556	$1,012,618	$98,924

BUFFALO HEARING & SPEECH CENTER FOUNDATION INC