ROCHESTER AREA FOUNDATION (EIN 416017740) - 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

1944

Legal Domicile

Principal Officer

JENNIFER WOODFORD

Phone

5074242400

Tax Period

2024-01-01 to 2024-12-31

ROCHESTER AREA FOUNDATION, founded in 1944, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $11.1M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.3M, a strong 20% operating margin.

Mission

BUILDING AND ENHANCING THE QUALITY OF LIFE IN THE GREATER ROCHESTER AREA THROUGH PHILANTHROPIC LEADERSHIP AND COMMUNITY PARTNERSHIPS.

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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 $8,897,686

Program Service Revenue $603,062

Investment Income $1,665,795

Other Revenue $-36,535

TOTAL REVENUE $11,130,008

Expense Breakdown

Grants Paid $6,343,078

Salaries & Benefits $1,169,858

Fundraising Expenses $424,845

Program Expenses $7,478,417

Other Expenses $1,337,582

TOTAL EXPENSES $8,850,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,130,008	$15,867,977	-0.3%
Expenses	$8,850,518	$6,383,555	+0.4%
Net Income	$2,279,490	$9,484,422	-0.8%

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

305

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

$176,124

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE OETH	CHAIR	6.00	Officer Director	$0	$0	$0
JUDITH WILSON	1ST VICE CHAIR	4.00	Officer Director	$0	$0	$0
TONY BENSON	2ND VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARCO WAGEMAN	TREASURER	6.00	Officer Director	$0	$0	$0
CHRIS WENDLAND	SECRETARY	4.00	Officer Director	$0	$0	$0
LARRY KOSHIRE	IMMEDIATE PAST CHAIR	4.00	Officer Director	$0	$0	$0
DR KATHY LOMBARDO	TRUSTEE	2.00	Director	$0	$0	$0
TODD HEATHER	TRUSTEE	2.00	Director	$0	$0	$0
BETH KREHBIEL	TRUSTEE	2.00	Director	$0	$0	$0
MIKE PARADISE	TRUSTEE	2.00	Director	$0	$0	$0
ERIN SEXTON	TRUSTEE	2.00	Director	$0	$0	$0
HAROLD BURDEN	TRUSTEE	2.00	Director	$0	$0	$0
MIKE BENIKE	TRUSTEE	2.00	Director	$0	$0	$0
NATALIE JONES	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER WOODFORD	PRESIDENT	33.00	Officer	$125,223	$9,160	$176,124

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	No data	No data	No data	No data
2024	$11,130,008	$8,850,518	$68,327,174	$2,279,490
2023	$15,867,977	$6,383,555	$61,087,038	$9,484,422
2022	$8,020,869	$6,828,566	$45,883,774	$1,192,303
2021	$11,703,419	$6,515,333	$45,116,721	$5,188,086
2020	$8,656,139	$6,478,100	$40,010,430	$2,178,039
2019	$8,835,070	$3,876,925	$38,103,860	$4,958,145
2018	$5,487,286	$4,062,599	$33,233,432	$1,424,687

ROCHESTER AREA FOUNDATION