CITY HONORS FOUNDATION (EIN 161510686) - 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

1996

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

CITY HONORS FOUNDATION, founded in 1996, is a small nonprofit in the Education sector that reported $178K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $204K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF THE CITY HONORS FOUNDATION IS TO SUPPORT EDUCATIONAL ADVANCEMENT AT CITY HONORS SCHOOL, A PUBLIC MIDDLE AND HIGH SCHOOL IN BUFFALO, NY, BY PROVDING FUNDING IN SUPPORT OF STUDENTS, FACULTY AND THE SCHOOL COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $172,417

Program Service Revenue $0

Investment Income $5,703

Other Revenue $0

TOTAL REVENUE $178,120

Expense Breakdown

Grants Paid $35,500

Salaries & Benefits $0

Fundraising Expenses $17,378

Program Expenses $167,365

Other Expenses $168,163

TOTAL EXPENSES $203,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,120	$276,572	-0.4%
Expenses	$203,663	$165,678	+0.2%
Net Income	$-25,543	$110,894	-1.2%

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

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	Role	Reportable Comp	Other Comp	Total
ELISSA BANAS	VICE PRESIDENT	Officer	$0	$0	$0
ROBERT SCHOELLKOPF	TREASURER	Officer	$0	$0	$0
REBECCA GANDOUR	PRESIDENT	Officer	$0	$0	$0
CASSIE CAMMARATA	SECRETARY	Officer	$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	No data	No data	No data	No data
2024	$178,120	$203,663	$358,818	$-25,543
2023	$276,572	$165,678	$367,890	$110,894
2022	$218,822	$239,758	$256,996	$-20,936
2021	$131,801	$120,502	$274,974	$11,299
2020	$144,719	$130,373	$261,689	$14,346

CITY HONORS FOUNDATION