ROCHESTER AREA COMMUNITY FOUNDATION DEPOSITORY INC

EIN: 223106737 501(c)(3) Philanthropy & Grantmaking

ROCHESTER, NY

Total Revenue
$3,775,811
Total Expenses
$3,914,356
Total Assets
$5,358,418
Net Assets
$5,304,507
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
SIMEON BANISTER
Phone
5852714100
Tax Period
2024-04-01 to 2025-03-31

ROCHESTER AREA COMMUNITY FOUNDATION DEPOSITORY INC, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE GRANTS TO 501(C)(3)PUBLIC CHARITIES, EXEMPT UNDER IRC 509(A)(1),(2) AND (3) WHEREBY DONORS CHOOSE ORGANIZATIONS BASED ON CHARITABLE, EDUCATIONAL, OR COMMUNITY PURPOSES IN FURTHERANCE OF THEIR EXEMPT MISSIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,549,256
Program Service Revenue $0
Investment Income $226,555
Other Revenue $0
TOTAL REVENUE $3,775,811

Expense Breakdown

Grants Paid $3,668,850
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,668,850
Other Expenses $245,506
TOTAL EXPENSES $3,914,356

Year-over-Year Comparison

2024 2023 Change
Revenue $3,775,811 $4,162,831 -0.1%
Expenses $3,914,356 $4,457,596 -0.1%
Net Income $-138,545 $-294,765 -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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Governance

Voting Members
28
Independent Members
28
Employees
N/A
Volunteers
28

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
6
$588,798
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUJATHA RAMANUJAN MD MEMBER 1.00
Director
$0 $0 $0
MARK A EIDLIN MEMBER 1.00
Director
$0 $0 $0
DENISHEA R ORTIZ MEMBER 1.00
Director
$0 $0 $0
TODD BUTLER MEMBER 1.00
Director
$0 $0 $0
JAMES H NORMAN MEMBER 1.00
Director
$0 $0 $0
ANN H MCMULLEN MEMBER 1.00
Director
$0 $0 $0
FLOR M COLON SECRETARY 1.00
Officer Director
$0 $0 $0
DR WILLIAM M VALENTI MEMBER 1.00
Director
$0 $0 $0
ARLINE L BAYO SANTIAGO ESQ MEMBER 1.00
Director
$0 $0 $0
FRANCIS J CLEMENT MEMBER 1.00
Director
$0 $0 $0
R SCOTT BURDETT MEMBER 1.00
Director
$0 $0 $0
ALYSSA S WHITFIELD MEMBER 1.00
Director
$0 $0 $0
ABIGAIL J BENNETT MEMBER 1.00
Director
$0 $0 $0
ROB GALLINA MEMBER 1.00
Director
$0 $0 $0
ABIGAIL A REINHARD MEMBER 1.00
Director
$0 $0 $0
CAROLYN G NUSSBAUM ESQ COUNSEL 1.00
Officer Director
$0 $0 $0
DAVID R FERRIS ESQ CHAIR 1.00
Officer Director
$0 $0 $0
DAVID P VENISKEY CPA MEMBER 1.00
Director
$0 $0 $0
ANN H STEVENS MEMBER 1.00
Director
$0 $0 $0
FRED A BEER MEMBER 1.00
Director
$0 $0 $0
ADAM P ANOLIK TREASURER 1.00
Officer Director
$0 $0 $0
THOMAS C MITCHELL MEMBER 1.00
Director
$0 $0 $0
PATRICK CUNNINGHAM MEMBER 1.00
Director
$0 $0 $0
MOLLENE B BENISON CPA MEMBER 1.00
Director
$0 $0 $0
THOMAS S RICHARDS MEMBER 1.00
Director
$0 $0 $0
LANGSTON MCFADDEN ESQ MEMBER 1.00
Director
$0 $0 $0
GAY MILLS MEMBER 1.00
Director
$0 $0 $0
BARBARA MULLEN MEMBER 1.00
Director
$0 $0 $0
SIMEON BANISTER PRESIDENT AND CEO 2.00
Officer
$0 $16,407 $328,512
AMY S VARS CPA SENIOR VP AND CFO 2.00
Officer
$0 $12,795 $260,286
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 $3,775,811 $3,914,356 $5,358,418 $-138,545
2024 $4,162,831 $4,457,596 $5,444,725 $-294,765
2023 $3,128,482 $3,478,607 $5,760,315 $-350,125
2022 $4,355,609 $2,876,041 $6,110,219 $1,479,568
2021 $3,438,542 $3,395,468 $4,631,196 $43,074
2020 $2,951,280 $7,145,699 $4,630,130 $-4,194,419
2019 $3,714,288 $3,447,310 $8,776,924 $266,978
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