ROCHESTER AREA FOUNDATION (EIN 161539889) - 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

2003

Legal Domicile

Principal Officer

SIMEON BANISTER

Phone

5852714100

Tax Period

2024-04-01 to 2025-03-31

ROCHESTER AREA FOUNDATION, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $173K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $161K left a modest 7% surplus.

Mission

PROVIDE RENTAL SPACE TO AFFILIATED AND EXEMPT ORGANIZATIONS AND TO RECEIVE AND HOLD REAL ESTATE THAT OTHERWISE WOULD HAVE BEEN RECEIVED BY ROCHESTER AREA COMMUNITY FOUNDATION.

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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 $0

Program Service Revenue $173,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $173,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $160,615

Other Expenses $161,375

TOTAL EXPENSES $161,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,000	$1,140,000	-0.8%
Expenses	$161,375	$164,870	0.0%
Net Income	$11,625	$975,130	-1.0%

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

$588,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABIGAIL A REINHARD	MEMBER	1.00	Director	$0	$0	$0
ABIGAIL J BENNETT	MEMBER	1.00	Director	$0	$0	$0
ADAM P ANOLIK	TREASURER	1.00	Officer Director	$0	$0	$0
ANN H MCMULLEN	MEMBER	1.00	Director	$0	$0	$0
ARLINE L BAYO SANTIAGO ESQ	MEMBER	1.00	Director	$0	$0	$0
CAROLYN G NUSSBAUM ESQ	COUNSEL	1.00	Officer Director	$0	$0	$0
DAVID P VENISKEY CPA	MEMBER	1.00	Director	$0	$0	$0
DAVID R FERRIS ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
DR WILLIAM M VALENTI	MEMBER	1.00	Director	$0	$0	$0
FLOR M COLON	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANCIS J CLEMENT	MEMBER	1.00	Director	$0	$0	$0
JAMES H NORMAN	MEMBER	1.00	Director	$0	$0	$0
MARK A EIDLIN	MEMBER	1.00	Director	$0	$0	$0
MOLLENE B BENISON CPA	MEMBER	1.00	Director	$0	$0	$0
R SCOTT BURDETT	MEMBER	1.00	Director	$0	$0	$0
RICHARD J RIEDMAN	MEMBER	1.00	Director	$0	$0	$0
TODD BUTLER	MEMBER	1.00	Director	$0	$0	$0
PATRICK CUNNINGHAM	MEMBER	1.00	Director	$0	$0	$0
AMY S VARS CPA	SENIOR VP AND CFO	1.00	Officer	$0	$12,795	$260,286
SIMEON BANISTER	VICE PRESIDENT AND CEO	1.00	Officer	$0	$16,407	$328,512

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	$173,000	$161,375	$420,127	$11,625
2024	$1,140,000	$164,870	$429,032	$975,130
2023	$150,000	$147,081	$2,379,607	$2,919
2022	$123,000	$132,785	$2,396,827	$-9,785
2021	$121,000	$125,425	$2,422,293	$-4,425
2020	$122,300	$130,884	$2,451,689	$-8,584
2019	$143,000	$128,313	$2,483,428	$14,687

ROCHESTER AREA FOUNDATION