INVEST BUFFALO NIAGARA INC

EIN: 161579523 Community Improvement

BUFFALO, NY

Total Revenue
$1,976,234
Total Expenses
$1,972,682
Total Assets
$1,924,362
Net Assets
$1,582,317
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
THOMAS KUCHARSKI
Phone
8009169673
Tax Period
2024-07-01 to 2025-06-30

INVEST BUFFALO NIAGARA INC, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

TO ATTRACT NEW EMPLOYERS TO THE BUFFALO NIAGARA REGION THROUGH OUTREACH TO GROWING COMPANIES AROUND THE WORLD. TO SUPPORT BUSINESS ATTRACTION, EXPANSION AND ENTREPRENEURSHIP, INVEST BUFFALO NIAGARA COLLABORATES WITH LOCAL BUSINESSES, UNIVERSITIES, NONPROFIT ORGANIZATIONS AND ELECTED OFFICIALS TO DELIVER A UNIFIED RESPONSE TO REGIONAL ECONOMIC DEVELOPMENT OPPORTUNITIES.

Program Service Accomplishments

Program 1

INVEST BUFFALO NIAGARA HELPS IMPROVE THE ECONOMIC AND COMMUNITY VITALITY OF THE BUFFALO-NIAGARA REGION THROUGH THE ATTRACTION OF THE NEW INVESTMENT AND JOB CREATION OPPORTUNITIES FROM OUTSIDE THE...

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INVEST BUFFALO NIAGARA HELPS IMPROVE THE ECONOMIC AND COMMUNITY VITALITY OF THE BUFFALO-NIAGARA REGION THROUGH THE ATTRACTION OF THE NEW INVESTMENT AND JOB CREATION OPPORTUNITIES FROM OUTSIDE THE REGION, AS WELL AS THROUGH LOCAL JOB RETENTION AND GROWTH.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,936,011
Program Service Revenue $0
Investment Income $33,658
Other Revenue $6,565
TOTAL REVENUE $1,976,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,084,893
Fundraising Expenses $0
Other Expenses $887,789
TOTAL EXPENSES $1,972,682

Year-over-Year Comparison

2024 2023 Change
Revenue $1,976,234 $1,836,513 +0.1%
Expenses $1,972,682 $2,054,611 0.0%
Net Income $3,552 $-218,098 -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

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Liquidity & Cash Position

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Governance

Voting Members
51
Independent Members
50
Employees
10
Volunteers
50

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
5
$385,885
Total Directors
51
$385,885
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS A KUCHARSKI PRESIDENT & CEO 40.00
Officer Director
$332,150 $53,735 $385,885
KENNETH KUJAWA CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL O'BRIEN VICE-CHAIR 1.00
Officer Director
$0 $0 $0
REBECCA GANDOUR SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID BAUER TREASURER 1.00
Officer Director
$0 $0 $0
TUONA BATCHELOR DIRECTOR 1.00
Director
$0 $0 $0
MARTIN BERADI DIRECTOR 1.00
Director
$0 $0 $0
SCOTT BIELER DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIAN CAMPOS DIRECTOR 1.00
Director
$0 $0 $0
JOHN CAPPELLINO DIRECTOR 1.00
Director
$0 $0 $0
KYLE CIMINELLI DIRECTOR 1.00
Director
$0 $0 $0
JESSICA COX DIRECTOR 1.00
Director
$0 $0 $0
KEVIN CROSS DIRECTOR 1.00
Director
$0 $0 $0
MATT DAVISON DIRECTOR 1.00
Director
$0 $0 $0
SEAN DOYLE DIRECTOR 1.00
Director
$0 $0 $0
GREGORY DUVAL DIRECTOR 1.00
Director
$0 $0 $0
RON FERRI DIRECTOR 1.00
Director
$0 $0 $0
KENT FREY DIRECTOR 1.00
Director
$0 $0 $0
DOTTIE GALLAGHER DIRECTOR 1.00
Director
$0 $0 $0
MARK GEISE DIRECTOR 1.00
Director
$0 $0 $0
AMY HEMENWAY DIRECTOR 1.00
Director
$0 $0 $0
AMANDA HIRSCH DIRECTOR 1.00
Director
$0 $0 $0
PETER HUNT DIRECTOR 1.00
Director
$0 $0 $0
MARC IZZO DIRECTOR 1.00
Director
$0 $0 $0
CHRIS KANIA DIRECTOR 1.00
Director
$0 $0 $0
CHRIS KEMPTON DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH KESSLER DIRECTOR 1.00
Director
$0 $0 $0
ANDREA KLYCZEK DIRECTOR 1.00
Director
$0 $0 $0
CHRIS KULIK DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE MAKEY DIRECTOR 1.00
Director
$0 $0 $0
NADINE MARRERO DIRECTOR 1.00
Director
$0 $0 $0
MARK MASSE DIRECTOR 1.00
Director
$0 $0 $0
DAVID MINGOIA DIRECTOR 1.00
Director
$0 $0 $0
CARL MONTANTE JR DIRECTOR 1.00
Director
$0 $0 $0
KIM NASON DIRECTOR 1.00
Director
$0 $0 $0
JAMES OBLETZ DIRECTOR 1.00
Director
$0 $0 $0
STEVEN PERRIGO DIRECTOR 1.00
Director
$0 $0 $0
PETE PETRELLA DIRECTOR 1.00
Director
$0 $0 $0
JAMES PIERCE DIRECTOR 1.00
Director
$0 $0 $0
JEFF QUAIN DIRECTOR 1.00
Director
$0 $0 $0
DAVID SIMONS DIRECTOR 1.00
Director
$0 $0 $0
PER STROMHAUG DIRECTOR 1.00
Director
$0 $0 $0
TOM SY DIRECTOR 1.00
Director
$0 $0 $0
JOHN TEBEAU DIRECTOR 1.00
Director
$0 $0 $0
KAREN UTZ DIRECTOR 1.00
Director
$0 $0 $0
PAUL VALLEY DIRECTOR 1.00
Director
$0 $0 $0
SUSAN WAS DIRECTOR 1.00
Director
$0 $0 $0
TOM WILEY DIRECTOR 1.00
Director
$0 $0 $0
PETER WILSON DIRECTOR 1.00
Director
$0 $0 $0
SUJATA YALAMANCHILI DIRECTOR 1.00
Director
$0 $0 $0
KEVIN ZANNER DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW HUBACHER SENIOR VICE PRESIDENT 40.00
Highest
$137,980 $7,446 $145,426
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 $1,976,234 $1,972,682 $1,924,362 $3,552
2024 $1,836,513 $2,054,611 $1,788,344 $-218,098
2023 $1,951,908 $2,326,141 $1,812,967 $-374,233
2022 $2,231,687 $1,962,473 $2,101,164 $269,214
2021 $2,113,695 $1,563,013 $1,676,655 $550,682
2020 $2,168,467 $2,077,197 $1,268,877 $91,270
2019 $1,959,514 $1,946,437 $1,116,267 $13,077
2018 $2,178,545 $1,960,266 $1,113,591 $218,279
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