BUFFALO STATE COLLEGE FOUNDATION INC (EIN 166037117) - 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

1966

Legal Domicile

Principal Officer

JAMES M FINNERTY

Phone

7168784324

Tax Period

2023-07-01 to 2024-06-30

BUFFALO STATE COLLEGE FOUNDATION INC, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $14.2M in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.7M, a strong 61% operating margin.

Mission

TO PROVIDE SUPPORT SERVICES TO THE STATE UNIVERSITY OF NEW YORK AT BUFFALO STATE UNIVERSITY AND ITS STUDENTS.

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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 $10,561,791

Program Service Revenue $0

Investment Income $2,977,053

Other Revenue $638,536

TOTAL REVENUE $14,177,380

Expense Breakdown

Grants Paid $2,571,060

Salaries & Benefits $54,010

Fundraising Expenses $384,431

Program Expenses $4,858,947

Other Expenses $2,766,487

TOTAL EXPENSES $5,493,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,177,380	$7,192,795	+1.0%
Expenses	$5,493,050	$5,761,289	0.0%
Net Income	$8,684,330	$1,431,506	+5.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY L ELLIOTT	CHAIR	1.00	Officer Director	$0	$0	$0
TRACY A SAWICKI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NANCY L COX	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES J REHAK	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES M FINNERTY	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
C TEO BALBACH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BONITATIBUS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BRANDYS	DIRECTOR	1.00	Director	$0	$0	$0
JODY E BRIANDI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT W CHRISTMANN	DIRECTOR	1.00	Director	$0	$0	$0
BONITA R DURAND	DIRECTOR	1.00	Director	$0	$0	$0
ANITINA FAREED-COOKE	DIRECTOR	1.00	Director	$0	$0	$0
KARA HANDZLIK	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY C HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES E IGLEWSKI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J LAMENDOLA	DIRECTOR	1.00	Director	$0	$0	$0
STACY LEWIS BEAUFORD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES P LOMBARDO JR	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY NANULA	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA NICOTERA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS T O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
GENE ALEXANDER PETERS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL O PROTO	DIRECTOR	1.00	Director	$0	$0	$0
RAQUEL SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
CELESTINE A SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH J SODARO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID TAGGART	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN M ZUFFRANIERI	DIRECTOR	1.00	Director	$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	$14,177,380	$5,493,050	$115,563,163	$8,684,330
2023	$7,192,795	$5,761,289	$101,682,065	$1,431,506
2022	$13,426,991	$4,848,089	$99,437,046	$8,578,902
2021	$15,645,552	$3,832,786	$96,950,288	$11,812,766
2020	$7,618,764	$3,787,829	$70,220,141	$3,830,935
2019	$4,554,475	$4,205,182	$68,536,018	$349,293
2018	$7,147,481	$3,867,358	$65,065,271	$3,280,123

BUFFALO STATE COLLEGE FOUNDATION INC