CHEEKTOWAGA ECONOMIC DEVELOPMENT CORPORATION (EIN 222599466) - 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

1983

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

CHEEKTOWAGA ECONOMIC DEVELOPMENT CORPORATION