RICHARDSON ARCHITECTURE CENTER INC

EIN: 261868261 501(c)(3) Arts, Culture & Humanities

BUFFALO, NY

Total Revenue
$594,824
Total Expenses
$254,005
Total Assets
$4,325,529
Net Assets
$4,274,517
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
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

TO SHOWCASE AND REINFORCE BUFFALO'S RICH ARCHITECTURE HISTORY.

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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 $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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
20

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
5
$200,250
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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