ALKASW INC CO THE BUFFALO FINE ARTS ACADEMY (EIN 202749189) - 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

2005

Legal Domicile

Principal Officer

MELISSA ARENA CPA

Phone

7168828700

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

TITLE HOLDING COMPANY IN SUPPORT OF ITS SOLE VOTING MEMBER, THE BUFFALO FINE ARTS ACADEMY (BFAA), A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE.

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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 $0

Program Service Revenue $270,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $270,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,033,070

Other Expenses $1,033,070

TOTAL EXPENSES $1,033,070

Year-over-Year Comparison

	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%

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

N/A

Volunteers

N/A

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

$176,545

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

ALKASW INC CO THE BUFFALO FINE ARTS ACADEMY