RICHARDSON ARCHITECTURE CENTER INC

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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

2007

Legal Domicile

Principal Officer

JUDI LIPSEY

Phone

7166011151

Tax Period

2024-01-01 to 2024-12-31

RICHARDSON ARCHITECTURE CENTER INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $595K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $341K, a strong 57% operating margin.

Mission

THE LIPSEY ARCHITECTURE CENTER BUFFALO (THE CENTER) EXPLORES EXCELLENCE IN ARCHITECTURE AND CITY PLANNING AS DEMONSTRATED BY BUFFALO'S OUTSTANDING ARCHITECTURAL HERITAGE. LOCATED IN THE RICHARDSON OLMSTEAD COMPLEX, THE CENTER WILL PROVIDE ORIENTATION, PROMPT INSPIRATION, AND SERVE AS A GATHERING PLACE TO LAUNCH NEW IDEAS RELATED TO ARCHITECTURE, LANDSCAPE, AND DESIGN. THROUGH EXHIBITIONS, TOURS, PROGRAMS, AND OUTREACH, THE CENTER ENGAGES THE PUBLIC IN BUFFALO'S ARCHITECTURE, LANDSCAPE DESIGN, AND URBAN PLANNING, AND ITS ROLE IN CULTURE AND DESIGN LITERACY. THE CENTER FOSTERS COLLABORATION WITH ORGANIZATIONS WITH THE SIMILAR GOAL OF ACTIVATING BUFFALO'S ARCHITECTURE, PLANNING, AND LANDSCAPE. BY PROVIDING A CENTER TO HOST EXHIBITIONS, EVENTS, AND PROGRAMS, THE CENTER ACTIVELY COLLABORATES WITH ALIGNED GROUPS IN DIALOGUE AND SHARED PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $190,377 Revenue: $64,174

THROUGH EXHIBITIONS, TOURS, PROGRAMS, AND OUTREACH, THE CENTER ENGAGES THE PUBLIC IN BUFFALO'S ARCHITECTURE, LANDSCAPE DESIGN, AND URBAN PLANNING, AND ITS ROLE IN CULTURE AND DESIGN LITERACY.

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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 $519,279

Program Service Revenue $31,187

Investment Income $11,371

Other Revenue $32,987

TOTAL REVENUE $594,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,218

Fundraising Expenses $18,627

Program Expenses $190,377

Other Expenses $101,787

TOTAL EXPENSES $254,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$594,824	$651,416	-0.1%
Expenses	$254,005	$473,005	-0.5%
Net Income	$340,819	$178,411	+0.9%

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

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

$200,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH C LIPSEY	CHAIR	1.00	Officer Director	$0	$0	$0
PAUL HOJNACKI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER T GREENE	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE WIKTOR CIC CRM	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL S ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY BANNON	DIRECTOR	1.00	Director	$0	$0	$0
DOTTIE GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
ED HEALY	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY B MARTINO	DIRECTOR	1.00	Director	$0	$0	$0
PARIS ROSELLI	EXECUTIVE DIRECTOR	25.00	Officer	$0	$21,019	$200,250

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	$594,824	$254,005	$4,325,529	$340,819
2023	$651,416	$473,005	$3,923,728	$178,411
2022	$308,155	$152,172	$3,693,217	$155,983
2021	$650,451	$172,958	$3,504,078	$477,493
2020	$68,197	$95,683	$3,017,398	$-27,486
2019	$134,203	$118,819	$3,052,547	$15,384
2018	$128,009	$121,797	$3,198,766	$6,212