ROCHESTER AREA COMMUNITY FOUNDATION (EIN 237250641) - 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

1972

Legal Domicile

Principal Officer

SIMEON BANISTER

Phone

5852714100

Tax Period

2024-04-01 to 2025-03-31

ROCHESTER AREA COMMUNITY FOUNDATION, founded in 1972, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $64.8M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26.6M, a strong 41% operating margin.

Mission

TO BUILD A PERMANENT COMMUNITY ENDOWMENT THAT MEETS THE CURRENT AND CHANGING NEEDS OF THIS REGION THROUGH CREATIVE AND EFFECTIVE PHILANTHROPY.

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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 $33,603,112

Program Service Revenue $0

Investment Income $30,271,344

Other Revenue $890,500

TOTAL REVENUE $64,764,956

Expense Breakdown

Grants Paid $31,620,583

Salaries & Benefits $4,375,872

Fundraising Expenses $1,800,331

Program Expenses $33,243,327

Other Expenses $2,144,559

TOTAL EXPENSES $38,141,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,764,956	$47,939,929	+0.4%
Expenses	$38,141,014	$36,020,652	+0.1%
Net Income	$26,623,942	$11,919,277	+1.2%

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

Volunteers

185

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

$588,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLENE BENISON CPA	MEMBER	3.00	Director	$0	$0	$0
DR WILLIAM M VALENTI	MEMBER	1.00	Director	$0	$0	$0
ABIGAIL J BENNETT	MEMBER	1.00	Director	$0	$0	$0
SUJATHA RAMANUJAN MD	MEMBER	1.00	Director	$0	$0	$0
JAMES H NORMAN	MEMBER	1.00	Director	$0	$0	$0
MARK A EIDLIN	MEMBER	1.00	Director	$0	$0	$0
THOMAS C MITCHELL	MEMBER	1.00	Director	$0	$0	$0
ANN STEVENS	MEMBER	1.00	Director	$0	$0	$0
R SCOTT BURDETT	MEMBER	1.00	Director	$0	$0	$0
FRANCIS J CLEMENT	MEMBER	1.00	Director	$0	$0	$0
ADAM P ANOLIK	TREASURER	1.00	Officer Director	$0	$0	$0
FRED A BEER	MEMBER	1.00	Director	$0	$0	$0
DAVID P VENISKEY CPA	MEMBER	1.00	Director	$0	$0	$0
DAVID R FERRIS ESQ	CHAIR	5.00	Officer Director	$0	$0	$0
CAROLYN G NUSSBAUM ESQ	COUNSEL	3.00	Officer Director	$0	$0	$0
ARLINE L BAYO SANTIAGO ESQ	MEMBER	1.00	Director	$0	$0	$0
ROB GALLINA	MEMBER	1.00	Director	$0	$0	$0
FLOR M COLON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANN H MCMULLEN	MEMBER	2.00	Director	$0	$0	$0
PATRICK CUNNINGHAM	MEMBER	2.00	Director	$0	$0	$0
ALYSSA S WHITFIELD	MEMBER	1.00	Director	$0	$0	$0
TODD BUTLER	MEMBER	1.00	Director	$0	$0	$0
DENISHEA R ORTIZ	MEMBER	1.00	Director	$0	$0	$0
ABIGAIL A REINHARD	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
AMY VARS CPA	SENIOR VP AND CFO	34.00	Officer	$247,491	$12,795	$260,286
SIMEON BANISTER	PRESIDENT AND CEO	34.00	Officer	$312,105	$16,407	$328,512
KAREN KOONS	SR. DIRECTOR OF FINANCE	38.00	Highest	$129,131	$17,448	$146,579
ANDREW MULDOON	VP OF PHILANTHROPIC ENGAGEMENT	34.00	Highest	$195,506	$24,412	$219,918
BERTA RIVERA	DIRECTOR OF COMMUNITY PROGRAMS	34.00	Highest	$128,993	$30,177	$159,170
ERIN BARRY	VP OF COMMUNITY PROGRAMS	34.00	Highest	$154,844	$31,794	$186,638
NICOLE SCARBOROUGH	SR. FINANCE MANAGER	34.00	Highest	$112,316	$5,912	$118,228

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	$64,764,956	$38,141,014	$510,712,589	$26,623,942
2024	$47,939,929	$36,020,652	$490,582,295	$11,919,277
2023	$42,793,588	$33,549,993	$444,119,417	$9,243,595
2022	$87,623,690	$32,982,587	$471,071,689	$54,641,103
2021	$59,557,190	$32,827,784	$452,673,006	$26,729,406
2020	$37,972,503	$30,649,438	$325,660,276	$7,323,065
2019	$39,346,580	$33,229,001	$373,438,657	$6,117,579

ROCHESTER AREA COMMUNITY FOUNDATION