BUFFALO OLMSTED PARKS CONSERVANCY … - Form 990 Financial Data

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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

BETH DOWNING

Phone

7168381249

Tax Period

2024-01-01 to 2024-12-31

BUFFALO OLMSTED PARKS CONSERVANCY INC, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $7.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE CONSERVANCY'S MISSION IS TO STEWARD THE CITY OF BUFFALO'S HISTORIC OLMSTED PARK AND PARKWAY SYSTEM TO WELCOME AND BENEFIT ALL.

Program Service Accomplishments

Program 1

Expenses: $6,357,298 Revenue: $1,152,308

TO COLLABORATE WITH COMMUNITY, GOVERNMENTAL, AND STRATEGIC PARTNERS TO PROGRAM AND CARE FOR THE SYSTEM; ADVOCATE FOR QUALITY PARKS FOR ALL, CARRYING THE PHILOSOPHIES OF FREDERICK LAW OLMSTED INTO...

TO COLLABORATE WITH COMMUNITY, GOVERNMENTAL, AND STRATEGIC PARTNERS TO PROGRAM AND CARE FOR THE SYSTEM; ADVOCATE FOR QUALITY PARKS FOR ALL, CARRYING THE PHILOSOPHIES OF FREDERICK LAW OLMSTED INTO TODAY; ENHANCE THE SYSTEM THROUGH BEAUTIFICATION, MAINTENANCE, AND CAPITAL PROJECTS.

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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 $5,271,767

Program Service Revenue $1,149,999

Investment Income $43,033

Other Revenue $144,656

TOTAL REVENUE $6,609,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,546,742

Fundraising Expenses $290,164

Program Expenses $6,357,298

Other Expenses $3,824,428

TOTAL EXPENSES $7,371,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,609,455	$4,519,592	+0.5%
Expenses	$7,371,170	$5,975,193	+0.2%
Net Income	$-761,715	$-1,455,601	-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

142

Volunteers

2170

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

$232,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY ABRAHAMSON	CHAIR	1.00	Officer Director	$0	$0	$0
JODI BATTAGLIA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PHIL KADET	TREASURER	1.00	Officer Director	$0	$0	$0
NORMAN LEWIN MD	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL BALL	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM K BUSCAGLIA JR	TRUSTEE	1.00	Director	$0	$0	$0
MARIE CARONE	TRUSTEE	1.00	Director	$0	$0	$0
DIANA CIHAK	TRUSTEE	1.00	Director	$0	$0	$0
MARK CORNELL	TRUSTEE	1.00	Director	$0	$0	$0
PAUL DIBENEDETTO	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE HANSBERRY	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN KELLY	TRUSTEE	1.00	Director	$0	$0	$0
BART KRESSE	TRUSTEE	1.00	Director	$0	$0	$0
LINDA MAGGIO	TRUSTEE	1.00	Director	$0	$0	$0
DONNA MEDINA	TRUSTEE	1.00	Director	$0	$0	$0
JACK O'DONNELL	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW RABB	TRUSTEE	1.00	Director	$0	$0	$0
CRYSTAL RODRIGUEZ-DABNEY	TRUSTEE	1.00	Director	$0	$0	$0
SIA ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SHIBLEY	TRUSTEE	1.00	Director	$0	$0	$0
AARON SIEGEL	TRUSTEE	1.00	Director	$0	$0	$0
JULIE SNYDER	TRUSTEE	1.00	Director	$0	$0	$0
JARED THREAT	TRUSTEE	1.00	Director	$0	$0	$0
CATIE STEPHENSON	EXECUTIVE DIRECTOR	40.00	Officer	$125,369	$2,560	$127,929
BETH DOWNING	CHIEF FINANCIAL OFFICER	40.00	Officer	$96,302	$8,569	$104,871

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	$6,609,455	$7,371,170	$3,171,203	$-761,715
2023	$4,519,592	$5,975,193	$3,545,619	$-1,455,601
2022	$6,415,508	$6,821,443	$5,905,597	$-405,935
2021	$5,712,316	$5,254,133	$5,280,478	$458,183
2020	$4,785,241	$4,056,581	$4,313,767	$728,660
2019	$5,773,699	$4,367,084	$3,864,626	$1,406,615
2018	$5,650,241	$4,732,549	$2,470,899	$917,692

BUFFALO OLMSTED PARKS CONSERVANCY INC