SAY YES BUFFALO SCHOLARSHIP INC (EIN 462867677) - 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

2013

Legal Domicile

Principal Officer

DAVID RUST

Phone

7162475310

Tax Period

2023-07-01 to 2024-06-30

SAY YES BUFFALO SCHOLARSHIP INC, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $53.0M in total revenue in fiscal year 2023. Revenue surged 289% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33.3M, a strong 63% operating margin.

Mission

THE MISSION OF THE SAY YES BUFFALO PARTNERSHIP IS TO REMOVE BARRIERS TO EDUCATIONAL ATTAINMENT, WORKFORCE PARTICIPATION AND ECONOMIC MOBILITY FOR STUDENTS IN PUBLIC AND CHARTER SCHOOLS IN BUFFALO, NY. OUR COLLECTIVE IMPACT PARTNERSHIP, CENTERED ON RACIAL EQUITY AND INCLUSION, PROVIDES A POSTSECONDARY TUITION PROMISE AND CRADLE TO CAREER COMPREHENSIVE SUPPORTS TO INCREASE THE RATES OF HIGH SCHOOL AND POSTSECONDARY COMPLETION AND THE ACHIEVEMENT OF FULFILLING PROFESSIONAL EMPLOYMENT. OUR VISION IS A MORE EQUITABLE AND THRIVING WESTERN NEW YORK ECONOMY IN WHICH ALL STUDENTS WILL HAVE THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $52,989,198

Program Service Revenue $0

Investment Income $14,986

Other Revenue $0

TOTAL REVENUE $53,004,184

Expense Breakdown

Grants Paid $4,135,744

Salaries & Benefits $10,864,245

Fundraising Expenses $0

Program Expenses $17,453,730

Other Expenses $4,664,699

TOTAL EXPENSES $19,664,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,004,184	$13,631,405	+2.9%
Expenses	$19,664,688	$13,856,857	+0.4%
Net Income	$33,339,496	$-225,452	-148.9%

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

219

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

$633,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY CONSTANTINE	DIRECTOR	2.00	Director	$0	$0	$0
FRANCISCO M VASQUEZ	DIRECTOR	2.00	Director	$0	$0	$0
GRETCHEN GEITTER	DIRECTOR	2.00	Director	$0	$0	$0
JACK WALSH	DIRECTOR	2.00	Director	$0	$0	$0
KATIE SCHNEIDER	DIRECTOR	2.00	Director	$0	$0	$0
KENDRA BRIM	DIRECTOR	2.00	Director	$0	$0	$0
KENYA K HOBBS	DIRECTOR	2.00	Director	$0	$0	$0
MARSHA SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
MATT CONNORS	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA BAUMGART	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL J EDBAUER	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE-MARIE GANT	DIRECTOR	2.00	Director	$0	$0	$0
TEMARA CROSS	DIRECTOR	2.00	Director	$0	$0	$0
TRINA BURRUSS	DIRECTOR	2.00	Director	$0	$0	$0
UMESH BABARIA	DIRECTOR	2.00	Director	$0	$0	$0
BILL GISEL	VICE CHAIR	4.00	Officer	$0	$0	$0
BRIGID DOHERTY	TREASURER	4.00	Officer	$0	$0	$0
DAPHNE ROSS	CHIEF IMPACT OFFICER	40.00	Officer	$134,417	$10,458	$144,875
DAVID RUST	CHIEF EXECUTIVE OFFICER	40.00	Officer	$282,937	$27,189	$310,126
LAURA DELUCA	CHIEF FINANCIAL OFFICER	40.00	Officer	$163,997	$14,180	$178,177
STEPHEN SWIFT	CHAIR	4.00	Officer	$0	$0	$0
YVONNE MINOR RAGAN	SECRETARY	4.00	Officer	$0	$0	$0
AMANDA PAUL	SENIOR DIRECTOR OF SCHOOL-BASED SERVICES	40.00	Highest	$120,034	$20,619	$140,653
BETSY BEHREND	SENIOR DIRECTOR OF SCHOLARSHIP ADMINISTRATION	40.00	Highest	$102,808	$20,076	$122,884
CHRISTOPHER LEE	DATA DIRECTOR	40.00	Highest	$107,713	$18,846	$126,559
COLLIN S GEHL	HUMAN RESOURCE DIRECTOR	40.00	Highest	$104,441	$9,251	$113,692
GELLENIA SMALLWOOD	SENIOR DIRECTOR EARLY CHILDHOOD SERVICES	40.00	Highest	$112,763	$12,472	$125,235
MICHAEL P MALEY	DIRECTOR OF ACCOUNTING	40.00	Highest	$109,057	$9,835	$118,892
TANYA STAPLES	SENIOR DIRECTOR OF COMMUNITY SCHOOLS	40.00	Highest	$132,366	$10,995	$143,361

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	No data	No data	No data	No data
2024	$53,004,184	$19,664,688	$57,135,656	$33,339,496
2023	$13,631,405	$13,856,857	$34,528,536	$-225,452
2022	$16,266,147	$12,104,830	$30,795,509	$4,161,317
2021	$14,014,941	$13,504,263	$26,879,466	$510,678
2020	$10,447,829	$7,297,598	$19,335,165	$3,150,231
2019	$5,050,737	$2,644,066	$6,220,474	$2,406,671
2018	$1,613,463	$2,374,978	$2,900,602	$-761,515

SAY YES BUFFALO SCHOLARSHIP INC