BUFFALO, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALKASW INC CO THE BUFFALO FINE ARTS ACADEMY, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $270K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 283% operating deficit.
THE EXCLUSIVE PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO A) HOLD TITLE TO CERTAIN PROPERTY IN BUFFALO NEW YORK B) COLLECT INCOME FROM THIS PROPERTY, AND C) REMIT THE NET INCOME TO ITS SOLE VOTING MEMBER, THE BUFFALO FINE ARTS ACADEMY (BFAA) A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
COLLECTION OF RENTAL INCOME IN ORDER TO MAINTAIN WESTERN NEW YORK'S MOST PROMINENT MODERN AND CONTEMPORARY ART GALLERY, MUSEUM, CULTURAL AND EDUCATIONAL CENTER.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $270,000 | $279,375 | 0.0% |
| Expenses | $1,033,070 | $918,270 | +0.1% |
| Net Income | $-763,070 | $-638,895 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CATHERINE B FOLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALICE F JACOBS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN R SANDERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MELISSA ARENA CPA | CFO | 1.00 |
Officer
|
$0 | $21,737 | $176,545 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $270,000 | $1,033,070 | $7,540,933 | $-763,070 |
| 2023 | $279,375 | $918,270 | $7,755,012 | $-638,895 |
| 2022 | $180,000 | $873,430 | $7,888,073 | $-693,430 |
| 2021 | $180,000 | $763,861 | $8,173,290 | $-583,861 |
| 2020 | $180,000 | $651,229 | $8,457,520 | $-471,229 |
| 2019 | $125,000 | $799,586 | $8,491,362 | $-674,586 |
Compare ALKASW INC CO THE BUFFALO FINE ARTS ACADEMY with other nonprofits in New York and across the country.