BUFFALO MARITIME CENTER INC

EIN: 272467764 501(c)(3) Recreation & Sports

BUFFALO, NY

Total Revenue
$588,481
Total Expenses
$544,676
Total Assets
$1,824,764
Net Assets
$1,688,760
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
DAVE RODGERS
Phone
7168810111
Tax Period
2024-01-01 to 2024-12-31

BUFFALO MARITIME CENTER INC, founded in 2010, is a small nonprofit in the Recreation & Sports sector that reported $588K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $545K left a modest 7% surplus.

Mission

THE BUFFALO MARITIME CENTER'S MISSION IS TO PROVIDE EVERYONE THE OPPORTUNITY TO EXPERIENCE THE HOY OF BEING ON THE WATER, TO LEARN MARITIME HISTORY, AND TO ACHIEVE HIGHER LEVELS OF CRAFTMANSHIP.

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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 $502,372
Program Service Revenue $99,404
Investment Income $-22,672
Other Revenue $9,377
TOTAL REVENUE $588,481

Expense Breakdown

Grants Paid $0
Salaries & Benefits $296,245
Fundraising Expenses $123,092
Program Expenses $245,028
Other Expenses $248,431
TOTAL EXPENSES $544,676

Year-over-Year Comparison

2024 2023 Change
Revenue $588,481 $938,205 -0.4%
Expenses $544,676 $505,791 +0.1%
Net Income $43,805 $432,414 -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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Governance

Voting Members
20
Independent Members
20
Employees
14
Volunteers
150

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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS BEAN TRUSTEE 2.00
Director
$0 $0 $0
PENNY J BECKWITH TRUSTEE 2.00
Director
$0 $0 $0
NEIL FARRELL TRUSTEE 2.00
Director
$0 $0 $0
BILL FRIEDEMAN TRUSTEE 2.00
Director
$0 $0 $0
KAREN J GREGORY TRUSTEE 2.00
Director
$0 $0 $0
HOWARD HAIN TRUSTEE 2.00
Director
$0 $0 $0
GERALD KELLY TRUSTEE 2.00
Director
$0 $0 $0
JOE KOESSLER PRESIDENT EM 2.00
Director
$0 $0 $0
STEVE KRZESINSKI TRUSTEE 2.00
Director
$0 $0 $0
CATHERINE CARR LINCOLN TRUSTEE 2.00
Director
$0 $0 $0
OLIVIA MCCARTHY TRUSTEE 2.00
Director
$0 $0 $0
DR JOHN MONTAGUE PRESIDENT EM 2.00
Director
$0 $0 $0
CARL NAGEL TRUSTEE 2.00
Director
$0 $0 $0
KATHERINE PESSECOW TRUSTEE 2.00
Director
$0 $0 $0
JAMES SMYTON TRUSTEE 2.00
Director
$0 $0 $0
JOHN TRACY TRUSTEE 2.00
Director
$0 $0 $0
ANNE CONABLE PRESIDENT 2.00
Officer
$0 $0 $0
JOANNE HUDECKI VICE PRESIDE 2.00
Officer
$0 $0 $0
DR CANDALENE MCCOMBS SECRETARY 2.00
Officer
$0 $0 $0
DAVE RODGERS TREASURER 2.00
Officer
$0 $0 $0
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 $630,988 $544,676 $1,824,764 $86,312
2024 $588,481 $544,676 $1,824,764 $43,805
2023 $938,205 $505,791 $1,676,583 $432,414
2022 $618,105 $503,689 $1,301,527 $114,416
2021 $460,593 $336,287 $1,258,296 $124,306
2020 $525,448 $283,415 $1,070,330 $242,033
2019 $333,127 $308,069 $864,640 $25,058
2018 $626,375 $282,864 $707,240 $343,511
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