BUFFALO ECONOMIC RENAISSANCE CORPORATION (EIN 222258600) - 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

1978

Legal Domicile

Principal Officer

DENNIS M PENMAN

Phone

7168426923

Tax Period

2018-06-01 to 2019-05-31

BUFFALO ECONOMIC RENAISSANCE CORPORATION, founded in 1978, is a micro nonprofit that reported $19K in total revenue in fiscal year 2018. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $168K exceeded revenue, resulting in a 762% operating deficit.

Mission

TO ENCOURAGE AND PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF BUFFALO

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,402

Investment Income $1,223

Other Revenue $13,833

TOTAL REVENUE $19,458

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94

Fundraising Expenses $0

Program Expenses $42,220

Other Expenses $167,538

TOTAL EXPENSES $167,632

Year-over-Year Comparison

	2018	2017	Change
Revenue	$19,458	$207,229	-0.9%
Expenses	$167,632	$207,229	-0.2%
Net Income	$-148,174	$0	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAYOR BYRON BROWN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEVIN BRADY	TREASURER	0.50	Officer Director	$0	$0	$0
CLIFFORD BELL	DIRECTOR	0.10	Director	$0	$0	$0
CAROLYN MURRAY	DIRECTOR	0.10	Director	$0	$0	$0
ADAM WALTERS	DIRECTOR	0.10	Director	$0	$0	$0
ELIZABETH BALL	DIRECTOR	0.10	Director	$0	$0	$0
DENNIS PENMAN	ACTING PRESIDENT	5.00	Officer	$0	$0	$0

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
2019	$19,458	$167,632	$578,581	$-148,174
2018	$207,229	$207,229	$3,090,553	No data

BUFFALO ECONOMIC RENAISSANCE CORPORATION