BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORPORATION (EIN 222255223) - 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

1979

Legal Domicile

Principal Officer

JOHN CAPPELLINO

Phone

7168566525

Tax Period

2024-01-01 to 2024-12-31

BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORPORATION, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $781K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $260K, a strong 33% operating margin.

Mission

BUFFALO AND ERIE COUNTY REGIONAL DEVELOPMENT CORPORATION WAS INCORPORATED FOR THE PURPOSE OF ENCOURAGING THE EXPANSION OF EXISTING COMPANIES IN THE TARGET AREAS OF ERIE COUNTY BY ESTABLISHING A REVOLVING LOAN FUND FROM WHICH THE CORPORATION MAKES LOANS TO INDIVIDUAL COMPANIES.

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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 $12,509

Program Service Revenue $580,828

Investment Income $187,176

Other Revenue $0

TOTAL REVENUE $780,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $428,009

Other Expenses $520,403

TOTAL EXPENSES $520,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$780,513	$831,864	-0.1%
Expenses	$520,403	$325,695	+0.6%
Net Income	$260,110	$506,169	-0.5%

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

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

$561,155

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA MCDUFFIE	CHAIRWOMAN	0.50	Officer Director	$0	$0	$0
RICHARD LIPSITZ	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DENISE ABBOTT	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK BOYLE	DIRECTOR	0.50	Director	$0	$0	$0
MARK BLUE	DIRECTOR	0.50	Director	$0	$0	$0
JAMES DOHERTY	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS EMMERLING	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH EMMINGER	DIRECTOR	0.50	Director	$0	$0	$0
DOTTIE GALLAGHER	DIRECTOR	0.50	Director	$0	$0	$0
JOHN GILMOUR	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL HUGHES	DIRECTOR	0.50	Director	$0	$0	$0
TYRA JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN KULPA	DIRECTOR	0.50	Director	$0	$0	$0
GLENN NELLIS	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN NOWAK	DIRECTOR	0.50	Director	$0	$0	$0
MARK POLONCARZ	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER SCANLON	DIRECTOR	0.50	Director	$0	$0	$0
KENNETH SCHOETZ	DIRECTOR	0.50	Director	$0	$0	$0
JOHN CAPPELLINO	PRESIDENT/CEO	0.50	Officer	$0	$43,232	$250,617
ELIZABETH O'KEEFE	VICE PRESIDENT AND SECRETARY	0.00	Officer	$0	$24,650	$150,222
MOLLIE PROFIC	TREASURER	1.00	Officer	$0	$40,941	$160,316
GRANT LESSWING	DIRECTOR OF BUSINESS DEVELOPMENT	0.75	Highest	$0	$31,788	$145,005
GERALD MANHARD	CHIEF LENDING OFFICER	35.50	Highest	$0	$21,502	$123,129

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
2024	$780,513	$520,403	$23,265,021	$260,110
2023	$831,864	$325,695	$22,995,933	$506,169
2022	$667,034	$245,362	$22,564,796	$421,672
2021	$5,572,733	$834,849	$22,050,731	$4,737,884
2020	$534,260	$561,992	$17,311,627	$-27,732
2019	$543,153	$1,822,789	$17,369,806	$-1,279,636
2018	$506,125	$429,303	$18,676,540	$76,822

BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORPORATION