RICHARDSON CENTER CORPORATION

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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

2006

Legal Domicile

Principal Officer

PARIS ROSELLI

Phone

7166011150

Tax Period

2025-01-01 to 2025-12-31

RICHARDSON CENTER CORPORATION, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2025. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 67% operating margin.

Mission

WE ENVISION THE REHABILITATION OF THE NATIONAL HISTORIC LANDMARK RICHARDSON OLMSTED CAMPUS (THE FORMER BUFFALO STATE ASYLUM FOR THE INSANE), COMPRISED OF THE H. H. RICHARDSON-DESIGNED BUILDINGS AND FREDERICK LAW OLMSTED-DESIGNED GROUNDS, TO BE THE CROWNING JEWEL OF A MIXED-USE, MULTI-PURPOSE CIVIC CAMPUS OF PUBLIC AND PRIVATE ACTIVITIES.BY COMBINING CONTEMPORARY IDEAS WITH OUR 19TH CENTURY INHERITANCE, WE WILL CREATE TO THE HIGHEST STANDARDS A NATIONALLY SIGNIFICANT, 21ST CENTURY, ECONOMICALLY SELF-SUSTAINING AND ENVIRONMENTALLY SOUND RICHARDSON OLMSTED CAMPUS AS A PLACE FOR ARCHITECTURAL, EDUCATIONAL, CULTURAL, AND RECREATIONAL ACTIVITIES FOR THE BENEFIT OF THE RESIDENTS OF AND VISITORS TO THE RICHARDSON COMMUNITY, THE MUSEUM DISTRICT, THE ELMWOOD VILLAGE, AND THE ENTIRE BUFFALO NIAGARA REGION.

Program Service Accomplishments

Program 1

Expenses: $484,938

FACILITATE THE REHABILITATION, REDEVELOPMENT AND CONTINUED CONSTRUCTION OF THE NATIONAL HISTORIC LANDMARK RICHARDSON OLMSTED CAMPUS LOCATED IN BUFFALO, NEW YORK.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,709,280

Program Service Revenue $0

Investment Income $13,685

Other Revenue $244,716

TOTAL REVENUE $1,967,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,192

Fundraising Expenses $32,581

Program Expenses $484,938

Other Expenses $497,778

TOTAL EXPENSES $639,970

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,967,681	$1,348,832	+0.5%
Expenses	$639,970	$579,805	+0.1%
Net Income	$1,327,711	$769,027	+0.7%

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

$205,953

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL HOJNACKI	CHAIRPERSON	8.00	Officer Director	$0	$0	$0
PAUL CIMINELLI	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MARK KERCHER	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER GREENE	SECRETARY	8.00	Officer Director	$0	$0	$0
MICHAEL ANTHONY	DIRECTOR	2.00	Director	$0	$0	$0
GRACE BIRD	DIRECTOR	1.00	Director	$0	$0	$0
LYNN STIEVATER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GRUNERT	DIRECTOR	1.00	Director	$0	$0	$0
CLINTON BROWN	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR TORCELLO	DIRECTOR	1.00	Director	$0	$0	$0
BILL JONES	DIRECTOR	4.00	Director	$0	$0	$0
JUDI LIPSEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES OBLETZ	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY QUACKENBUSH	DIRECTOR	3.00	Director	$0	$0	$0
BOB SHIBLEY	DIRECTOR	1.00	Director	$0	$0	$0
RICK SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK WHELAN	DIRECTOR	1.00	Director	$0	$0	$0
PARIS ROSELLI	PRESIDENT	20.00	Officer	$184,898	$21,055	$205,953

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	$1,967,681	$639,970	$49,949,045	$1,327,711
2024	$1,348,832	$579,805	$53,590,959	$769,027
2023	$311,633	$508,047	$58,533,303	$-196,414
2022	$501,725	$500,064	$62,441,512	$1,661
2021	$970,899	$917,494	$67,606,144	$53,405
2020	$581,454	$650,766	$69,762,887	$-69,312
2019	$1,136,621	$792,579	$72,455,688	$344,042
2018	$1,149,196	$775,177	$74,704,353	$374,019