BUFFALO, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMUNITY FOUNDATION FOR GREATER BUFFALO INC, founded in 1919, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $48.7M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $46.6M left a modest 4% surplus.
THE MISSION OF THE COMMUNITY FOUNDATION FOR GREATER BUFFALO, INC. (THE FOUNDATION) IS TO CONNECT PEOPLE, IDEAS AND RESOURCES TO IMPROVE LIVES IN WESTERN NEW YORK. SINCE ITS ESTABLISHMENT IN 1919, THE FOUNDATION HAS BEEN COMMITTED TO HELPING INDIVIDUALS, FAMILIES, AND ORGANIZATIONS MAKE THEIR CHARITABLE GOALS A REALITY AND TO PROVIDING LEADERSHIP TO HELP ADDRESS CRITICAL COMMUNITY ISSUES AND NEEDS. THE FOUNDATION PROVIDES SOUND MANAGEMENT OF CHARITABLE ASSETS AND A DEEP KNOWLEDGE OF THE WESTERN NEW YORK COMMUNITY TO ENSURE OUR GRANT-MAKING PROGRAMS AND RESOURCES ARE USED STRATEGICALLY AND MOST EFFECTIVELY TO IMPROVE OUR COMMUNITY.
DONOR/CLIENT DIRECTED FUNDS: THE COMMUNITY FOUNDATION ADMINISTERS FUNDS IN WHICH DONORS MAKE GRANT RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE BOARD REVIEWS AND APPROVES THESE GRANTS, WHICH...
DONOR/CLIENT DIRECTED FUNDS: THE COMMUNITY FOUNDATION ADMINISTERS FUNDS IN WHICH DONORS MAKE GRANT RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE BOARD REVIEWS AND APPROVES THESE GRANTS, WHICH SUPPORT A WIDE VARIETY OF NONPROFIT ORGANIZATIONS LOCALLY AND NATIONALLY. IN 2024, PROGRAM EXPENSES TOTALED $23,128,000, INCLUDING $21,207,000 IN GRANTS. THE RECIPIENTS OF THESE GRANTS VARY FROM YEAR TO YEAR, REFLECTING THE DIVERSE PHILANTHROPIC INTERESTS OF DONORS.
BOARD DIRECTED GRANTS & SCHOLARSHIPS: THE BOARD OF THE COMMUNITY FOUNDATION DIRECTS THE USE OF CERTAIN FUNDS (AS REQUESTED BY THE CLIENT/DONOR) AS FOLLOWS:(1) CHANGING NEEDS: CLIENTS/DONORS REQUEST...
BOARD DIRECTED GRANTS & SCHOLARSHIPS: THE BOARD OF THE COMMUNITY FOUNDATION DIRECTS THE USE OF CERTAIN FUNDS (AS REQUESTED BY THE CLIENT/DONOR) AS FOLLOWS:(1) CHANGING NEEDS: CLIENTS/DONORS REQUEST THAT THEIR FUNDS BE DIRECTED BY THE BOARD TO ADDRESS THE CHANGING NEEDS OF OUR COMMUNITY OVER TIME. IN 2024 THE COMMUNITY FOUNDATION GRANTED $820,000 TO ADVANCE THE PRIORITIES SET BY THE FOUNDATION. (2) FIELD OF INTEREST : CLIENTS/DONORS REQUEST THAT THEIR FUNDS BE DIRECTED TO A SPECIFIC AREA OF INTEREST. THE GRANTEES RECEIVING THESE FUNDS ARE DETERMINED BY THE BOARD OF THE COMMUNITY FOUNDATION. IN 2024 THE COMMUNITY FOUNDATION AWARDED $3,016,000 FROM FIELD OF INTEREST FUNDS.(3) SCHOLARSHIPS CLIENTS/DONORS HAVE ESTABLISHED SCHOLARSHIP FUNDS WHICH THE FOUNDATION AWARDS TO RESIDENTS OF WESTERN NEW YORK. THESE AWARDS ARE BASED PRIMARILY ON FINANCIAL NEED, ALTHOUGH THE CLIENT/DONOR MAY HAVE MADE ADDITIONAL STIPULATIONS SUCH AS FIELD OF STUDY OR GRADUATES OF A PARTICULAR HIGH SCHOOL. IN 2024 $2,576,000 WAS AWARDED FOR SCHOLARSHIPS, EXCLUDING THOSE AWARDED BY SAY YES BUFFALO (LISTED BELOW).
SAY YES BUFFALO (SYB): THE SAY YES BUFFALO INITIATIVE IS AN EDUCATION BASED, ECONOMIC REVITALIZATION EFFORT DESIGNED TO STRENGTHEN THE REGIONAL WORKFORCE AND OFFER UNPRECEDENTED EDUCATION...
SAY YES BUFFALO (SYB): THE SAY YES BUFFALO INITIATIVE IS AN EDUCATION BASED, ECONOMIC REVITALIZATION EFFORT DESIGNED TO STRENGTHEN THE REGIONAL WORKFORCE AND OFFER UNPRECEDENTED EDUCATION OPPORTUNITIES TO URBAN YOUTH. THE COMMUNITY FOUNDATION SUPPORTS AND ADMINISTERS THE SAY YES BUFFALO SCHOLARSHIP FUND WHICH SEEKS TO REMOVE ALL BARRIERS TO EDUCATIONAL SUCCESS THROUGH A COORDINATED SYSTEM OF SUPPORT AND BY PROVIDING SCHOLARSHIPS FOR ALL GRADUATES OF BUFFALO PUBLIC AND CHARTER SCHOOLS TO PURSUE A POST-SECONDARY EDUCATION. IN ADDITION TO ADMINISTERING THE SCHOLARSHIP FUND, THE COMMUNITY FOUNDATION HAS ALSO MADE GRANTS TO SUPPORT VARIOUS INITIATIVES SPEARHEADED BY SAY YES BUFFALO IN ITS MISSION TO ADDRESS THE FINANCIAL, ACADEMIC, HEALTH AND SOCIAL/EMOTIONAL BARRIERS TO EDUCATIONAL ACHIEVEMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $48,658,362 | $54,971,299 | -0.1% |
| Expenses | $46,615,540 | $41,559,311 | +0.1% |
| Net Income | $2,042,822 | $13,411,988 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STEVE FINCH | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TAMARA ALSACE PH D | VICE CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| OWEN HERNE ESQ | SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHERYL JANKOWSKI CPA | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER BALBACH | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| ROSALIND BURGUN | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| DAVID BLESY CPA | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| BONI R DURAND PHD | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| DARBY FISHKIN | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| DOTTIE GALLAGHER | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| SCOTT GARDNER | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| ALLEN PETE GRUM | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| ALICE JACOBS JD | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY KATZ ESQ | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| ALEX MONTANTE | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER PAULY | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| HAL PAYNE PH D | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| LUIS RODRIGUEZ | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| ROSE SCONIERS | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| JOHN SOMERS | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| NANCY WARE | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH CONSTANTINE | PRESIDENT/CEO | 55.00 |
Officer
|
$407,000 | $59,397 | $466,397 |
| ELLEN MUSIALOWSKI | CFO | 55.00 |
Officer
|
$211,667 | $23,287 | $234,954 |
| MARIA WHYTE | CHIEF COMMUNITY IMPACT OFF | 50.00 |
Key Emp
|
$274,546 | $44,413 | $318,959 |
| CARA MATTELIANO | SENIOR DIRECTOR, POLICY AN | 50.00 |
Highest
|
$169,850 | $13,108 | $182,958 |
| JEAN MCKEOWN | SPECIAL ADVISOR TO PRESIDE | 25.00 |
Highest
|
$196,700 | $21,619 | $218,319 |
| MYRA LAWRENCE | V.P. FINANCE | 50.00 |
Highest
|
$204,720 | $34,191 | $238,911 |
| FELICIA BEARD | ASSOCIATE VICE PRESIDENT, RE PHILANTHROPY AND STRA | 50.00 |
Highest
|
$180,500 | $19,417 | $199,917 |
| HALIMAH MADYUN | ASSOCIATE VICE PRESIDENT ADMINISTRATIVE OPERATIONS | 50.00 |
Highest
|
$178,500 | $21,003 | $199,503 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $48,658,362 | $46,615,540 | $944,045,975 | $2,042,822 |
| 2023 | $54,971,299 | $41,559,311 | $880,132,334 | $13,411,988 |
| 2022 | $56,537,676 | $55,052,109 | $772,638,253 | $1,485,567 |
| 2021 | $143,802,626 | $47,739,302 | $874,380,305 | $96,063,324 |
| 2020 | $53,285,057 | $44,761,679 | $668,671,266 | $8,523,378 |
| 2019 | $60,605,250 | $38,027,210 | $567,602,647 | $22,578,040 |
| 2018 | $36,690,988 | $28,972,154 | $453,587,642 | $7,718,834 |
Compare COMMUNITY FOUNDATION FOR GREATER BUFFALO INC with other nonprofits in New York and across the country.