CHEEKTOWAGA ECONOMIC DEVELOPMENT CORPORATION

EIN: 222599466 501(c)(3) Community Improvement

CHEEKTOWAGA, NY

Total Revenue
$4,351
Total Expenses
$53,386
Total Assets
$1,083,476
Net Assets
$1,053,325
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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
1983
Legal Domicile
NY
Principal Officer
KRISTINA GROFF
Phone
7168977200
Tax Period
2023-04-01 to 2024-03-31

CHEEKTOWAGA ECONOMIC DEVELOPMENT CORPORATION, founded in 1983, is a micro nonprofit in the Community Improvement sector that reported $4K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $53K exceeded revenue, resulting in a 1127% operating deficit.

Mission

COMMUNITY DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $31,722 Revenue: $4,220

TO FOSTER AND PROMOTE ECONOMIC DEVELOPMENT AND THE CREATION AND PRESERVATION OF EMPLOYMENT OPPORTUNITIES WITHIN THE TOWN OF CHEEKTOWAGA IN ORDER TO STRENGTHEN AND EXPAND THE TOWN'S TAX BASE, PROVIDE...

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TO FOSTER AND PROMOTE ECONOMIC DEVELOPMENT AND THE CREATION AND PRESERVATION OF EMPLOYMENT OPPORTUNITIES WITHIN THE TOWN OF CHEEKTOWAGA IN ORDER TO STRENGTHEN AND EXPAND THE TOWN'S TAX BASE, PROVIDE ECONOMIC OPPORTUNITY FOR ALL PERSONS AND IMPROVE THE QUALITY OF LIFE IN THE TOWN.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,554
Investment Income $131
Other Revenue $1,666
TOTAL REVENUE $4,351

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,319
Fundraising Expenses $0
Program Expenses $31,722
Other Expenses $39,067
TOTAL EXPENSES $53,386

Year-over-Year Comparison

2023 2022 Change
Revenue $4,351 $5,764 -0.2%
Expenses $53,386 $29,407 +0.8%
Net Income $-49,035 $-23,643 +1.1%
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

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Governance

Voting Members
9
Independent Members
9
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES ANTKOWIAK DIRECTOR 1.00
Director
$0 $0 $0
PAUL GILDEN DIRECTOR 1.00
Director
$0 $0 $0
KRISTINA GROFF PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT LOWERY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JASON MACKIEWICZ DIRECTOR 1.00
Director
$0 $0 $0
ETHAN RUOT DIRECTOR 1.00
Director
$0 $0 $0
DENIS SERUGENDO TREASURER 1.00
Officer Director
$0 $0 $0
DAVID TYTKA DIRECTOR 1.00
Director
$0 $0 $0
RICHARD WILLIS SECRETARY 1.00
Officer Director
$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
2025 No data No data No data No data
2024 $4,351 $53,386 $1,083,476 $-49,035
2023 $5,764 $29,407 $1,105,965 $-23,643
2022 $9,972 $44,627 $1,137,768 $-34,655
2021 $10,475 $42,261 $1,202,109 $-31,786
2020 $7,774 $81,336 $1,249,547 $-73,562
2019 $41,749 $517,632 $1,280,174 $-475,883
2018 $14,350 $56,605 $1,813,678 $-42,255
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