BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION (EIN 222413596) - 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

1981

Legal Domicile

Principal Officer

JOHN CAPPELLINO

Phone

7168566525

Tax Period

2023-01-01 to 2023-12-31

BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 229% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 3% surplus.

Mission

BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION (ILDC) IS AN ISSUER OF TAX-EXEMPT BOND FINANCING FOR NOT-FOR-PROFIT ENTITIES. ADDITIONALLY, IT WAS INCORPORATED FOR THE PURPOSE OF PARTICIPATING IN THE ACQUISITION AND DEVELOPMENT OF INDUSTRIAL SITES AND TO PROVIDE FINANCIAL ASSISTANCE FOR THE ACQUISITION OR RENOVATION OF FIXED ASSETS BY INDUSTRIAL COMPANIES LOCATING OR EXPANDING IN ERIE COUNTY. THE ILDC MANAGES A REVOLVING LOAN FUND DEDICATED TO IMPROVING ECONOMIC CONDITIONS IN ERIE COUNTY.

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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 $6,747,957

Program Service Revenue $31,225

Investment Income $3,695

Other Revenue $341

TOTAL REVENUE $6,783,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,505,301

Other Expenses $6,547,321

TOTAL EXPENSES $6,547,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,783,218	$2,060,345	+2.3%
Expenses	$6,547,321	$2,573,622	+1.5%
Net Income	$235,897	$-513,277	-1.5%

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

$540,251

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK POLONCARZ	CHAIRMAN	0.50	Officer Director	$0	$0	$0
DENISE ABBOTT	DIRECTOR	0.50	Director	$0	$0	$0
APRIL BASKIN	DIRECTOR	0.50	Director	$0	$0	$0
BYRON BROWN	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL CASTLE	DIRECTOR	0.50	Director	$0	$0	$0
HOWARD JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD LIPSITZ	DIRECTOR	0.50	Director	$0	$0	$0
JOHN CAPPELLINO	PRESIDENT/CEO	6.00	Officer	$0	$41,612	$249,157
ELIZABETH O'KEEFE	VICE PRESIDENT AND SECRETARY	0.00	Officer	$0	$23,844	$144,681
MOLLIE PROFIC	TREASURER	0.25	Officer	$0	$37,485	$146,413
GRANT LESSWING	DIRECTOR OF BUSINESS DEVEL	0.50	Highest	$0	$29,740	$138,817

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	No data	No data	No data	No data
2023	$6,783,218	$6,547,321	$17,148,460	$235,897
2022	$2,060,345	$2,573,622	$18,925,535	$-513,277
2021	$1,680,489	$860,054	$17,590,746	$820,435
2020	$1,552,522	$769,938	$9,396,674	$782,584
2019	$1,117,568	$1,520,216	$8,306,951	$-402,648
2018	$3,214,456	$3,284,796	$8,448,735	$-70,340

BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION