BUFFALO ACADEMY OF SCIENCE CHARTER… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

DR JOSEPH B POLAT

Phone

7168542490

Tax Period

2024-07-01 to 2025-06-30

BUFFALO ACADEMY OF SCIENCE CHARTER SCHOOL, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $26.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

BUFFALO ACADEMY OF SCIENCE IS A TUITION-FREE, COLLEGE-PREPARATORY CHARTER SCHOOL TEACHING STUDENTS IN A DIVERSE COMMUNITY TO BE SUCCESSFUL IN A GLOBALLY-ORIENTED ENVIRONMENT, USING INNOVATIVE AND DYNAMIC TEACHING METHODS WITH A SMALL STUDENT TO TEACHER RATIO.

Program Service Accomplishments

Program 1

Expenses: $19,153,426 Revenue: $22,640,084

REGULAR EDUCATION: THE SCHOOL'S CURRICULUM IS FOCUSED ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH. THE SCHOOL MAINTAINS HIGH EXPECTAIONS FOR STUDENTS AND PROVIDES VARIED OPPORTUNITIES FOR STUDENTS...

Program 2

Expenses: $605,234 Revenue: $1,651,408

SPECIAL EDUCATION: THE SCHOOL IS OPEN TO ALL CHILDREN AND DOES NOT DISCRIMINATE BASED ON ETHNICITY, NATIONAL ORIGIN, GENDER, DISABILITY OR ANY OTHER GROUNDS THAT WOULD BE UNLAWFUL OR DENY THE CIVIL RIGHTS OF ANY INDIVIDUAL IN ACCORDANCE WITH THE INDIVIDUALS WITH DISABILITIES EDUCATION ACT, THE REHABILITATION ACT SECTION 504, AND THE AMERICANS WITH DISABILITIES ACT, THE SCHOOL PROVIDES A FREE AND APPROPRIATE EDUCATION IN THE LEAST RESTRICTIVE ENVIRONMENT TO STUDENTS WITH DISABILITIES. THE PRIMARY SERVICE DELIVERY FOR STUDENTS WITH SPECIAL NEEDS IS INCLUSION. SERVICES FOR STUDENTS REQUIRING SUPPLEMENTAL SERVICES ARE PROVIDED BY THE BUFFALO CITY SCHOOL DISTRICT.

Program 3

Expenses: $4,058,652 Revenue: $27,024

OTHER EDUCATIONAL SERVICES.

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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 $1,504,373

Program Service Revenue $24,291,492

Investment Income $155,052

Other Revenue $33,621

TOTAL REVENUE $25,984,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,815,199

Fundraising Expenses $0

Program Expenses $23,817,312

Other Expenses $9,249,702

TOTAL EXPENSES $26,064,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,984,538	$23,160,471	+0.1%
Expenses	$26,064,901	$22,519,423	+0.2%
Net Income	$-80,363	$641,048	-1.1%

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

307

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

$982,286

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISMET MAMNOON	PRESIDENT	0.50	Officer Director	$0	$0	$0
DR DAVID BANKS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DR MUSTAFA GOKCEK	TREASURER	0.50	Officer Director	$0	$0	$0
KAREN WALLACE	SECRETARY	0.50	Officer Director	$0	$0	$0
DR ONUR NACAKGEDIGI	TRUSTEE	0.50	Director	$0	$0	$0
DR YASHODHARA SATCHIDANAND	TRUSTEE	0.50	Director	$0	$0	$0
DR JOSEPH B POLAT	EXECUTIVE DIRECTOR	40.00	Officer	$197,340	$35,524	$232,864
GRAHAM VANDERZANDEN	CHIEF FINANCIAL OFFICER	40.00	Officer	$119,897	$27,695	$147,592
JUSTIN BRAUN	CHIEF ACADEMIC OFFICER	40.00	Officer	$128,322	$18,438	$146,760
GIRAY GEBES	CHIEF DATA OFFICER	40.00	Officer	$114,757	$27,175	$141,932
MURAT KUCUKDUGENCI	CHIEF OPERATIONS OFFICER	40.00	Officer	$125,323	$28,243	$153,566
MUSTAFA ERSOY	CHIEF TALENT OFFICER	40.00	Officer	$130,250	$29,322	$159,572
KELLY WILCZAK	PRINCIPAL	40.00	Highest	$132,316	$13,377	$145,693
ASHLEY PIAZZA	PRINCIPAL	40.00	Highest	$127,459	$28,094	$155,553
BRIANNA LANOYE	PRINCIPAL	40.00	Highest	$100,025	$21,040	$121,065

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	$25,984,538	$26,064,901	$56,450,700	$-80,363
2024	$23,160,471	$22,519,423	$57,071,267	$641,048
2023	$22,547,576	$21,909,641	$39,125,483	$637,935
2022	$20,106,764	$18,341,407	$21,341,064	$1,765,357
2021	$17,083,818	$13,964,143	$14,999,320	$3,119,675
2020	$11,383,880	$11,252,418	$10,931,787	$131,462
2019	$10,221,881	$9,750,906	$7,215,600	$470,975

BUFFALO ACADEMY OF SCIENCE CHARTER SCHOOL