CENTRAL TERMINAL RESTORATION CORP

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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

1997

Legal Domicile

Principal Officer

JAMES MORRELL

Phone

7167546142

Tax Period

2024-01-01 to 2024-12-31

CENTRAL TERMINAL RESTORATION CORP, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 77% operating margin.

Mission

TO DEVELOP THE BUFFALO CENTRAL TERMINAL - A MAJESTIC HISTORIC LANDMARK - AS A LASTING CULTURAL AND ECONOMIC HUB FOR THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $612,183 Revenue: $2,800

SUPPORTED THE PROMOTION, PRESERVATION, AND REUSE OF THE BUFFALO CENTRAL TERMINAL THROUGH ORGANIZATIONAL CAPACITY BUILDING, REAL ESTATE DEVELOPMENT PLANNING, CAPITAL IMPROVEMENTS AND BUILDING...

SUPPORTED THE PROMOTION, PRESERVATION, AND REUSE OF THE BUFFALO CENTRAL TERMINAL THROUGH ORGANIZATIONAL CAPACITY BUILDING, REAL ESTATE DEVELOPMENT PLANNING, CAPITAL IMPROVEMENTS AND BUILDING MAINTENANCE, AND COORDINATION OF COMMUNITY EVENTS AND ACTIVITIES.

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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 $3,077,330

Program Service Revenue $2,800

Investment Income $7,332

Other Revenue $400

TOTAL REVENUE $3,087,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,328

Fundraising Expenses $0

Program Expenses $612,183

Other Expenses $437,964

TOTAL EXPENSES $725,292

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,087,862	$1,755,116	+0.8%
Expenses	$725,292	$471,039	+0.5%
Net Income	$2,362,570	$1,284,077	+0.8%

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

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

$147,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MORRELL	CHAIR	5.00	Officer Director	$0	$0	$0
ANNIE O'NEIL WHITE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
THOMAS KUCHARSKI	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN JILOTY	SECRETARY	5.00	Officer Director	$0	$0	$0
THOMAS BEAUFORD JR	DIRECTOR	3.00	Director	$0	$0	$0
PAUL HARRIS	DIRECTOR	3.00	Director	$0	$0	$0
ANGELA KLEIN	DIRECTOR	3.00	Director	$0	$0	$0
KIMBERLEY LAVARE	DIRECTOR	3.00	Director	$0	$0	$0
MIKE NISENGARD	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINA ORSI	DIRECTOR	3.00	Director	$0	$0	$0
GUSTAVO LIMA	DIRECTOR	5.00	Director	$0	$0	$0
CARL SKOMPINSKI	DIRECTOR	3.00	Director	$0	$0	$0
RISHAWN SONUBI	DIRECTOR	3.00	Director	$0	$0	$0
MONICA PELLEGRINO FAIX	EXECUTIVE DIRECTOR	40.00	Officer	$129,016	$18,317	$147,333

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	$3,087,862	$725,292	$21,296,264	$2,362,570
2023	$1,755,116	$471,039	$19,153,835	$1,284,077
2022	$792,090	$376,621	$17,029,607	$415,469
2021	$3,857,835	$273,043	$18,562,131	$3,584,792
2020	$1,632,143	$205,681	$14,815,665	$1,426,462
2018	$183,155	$40,650	$1,802,600	$142,505