BUFFALO & ERIE COUNTY WORKFORCE DEVELOPMENT CONSORTIUM INC (EIN 161585625) - 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

2000

Legal Domicile

Principal Officer

LAVON STEPHENS

Phone

7168199845

Tax Period

2024-07-01 to 2025-06-30

BUFFALO & ERIE COUNTY WORKFORCE DEVELOPMENT CONSORTIUM INC, founded in 2000, is a mid-sized nonprofit in the Employment sector that reported $10.5M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

BUFFALO & ERIE COUNTY WORKFORCE DEVELOPMENT CONSORTIUM, INC. (WDC) IS ORGANIZED TO PROMOTE TRAINING AND EMPLOYMENT ACTIVITIES THROUGH VARIOUS FEDERAL, STATE AND LOCAL GRANTS.

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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 $10,446,199

Program Service Revenue $0

Investment Income $0

Other Revenue $3,912

TOTAL REVENUE $10,450,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,190,728

Fundraising Expenses $0

Program Expenses $9,111,658

Other Expenses $6,007,844

TOTAL EXPENSES $10,198,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,450,111	$8,970,420	+0.2%
Expenses	$10,198,572	$8,982,956	+0.1%
Net Income	$251,539	$-12,536	-21.1%

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

$266,866

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM GEORGE	VICE CHAIR (ACTING CHAIR)	0.30	Officer Director	$0	$0	$0
OSWALDO MESTRE JR	TREASURER	0.30	Officer Director	$0	$0	$0
ZAQUE EVANS	SECRETARY	0.30	Officer Director	$0	$0	$0
LAVON STEPHENS	ADMINISTRATIVE DIRECTOR	40.00	Officer	$112,506	$14,932	$127,438
KENNETH NEWSOM	CHIEF FINANCIAL OFFICER	40.00	Officer	$106,454	$32,974	$139,428

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	$10,450,111	$10,198,572	$8,405,748	$251,539
2024	No data	No data	No data	No data
2023	$9,975,160	$9,989,874	$4,890,518	$-14,714
2022	$11,546,333	$11,555,639	$1,944,049	$-9,306
2021	$9,366,201	$9,353,719	$1,973,661	$12,482

BUFFALO & ERIE COUNTY WORKFORCE DEVELOPMENT CONSORTIUM INC