Friends of Buffalo Chesterton Academy Inc (EIN 464186000) - 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

Theresa Updike

Tax Period

2023-07-01 to 2024-06-30

Friends of Buffalo Chesterton Academy Inc, founded in 2013, is a small nonprofit in the Education sector that reported $153K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $204K exceeded revenue, resulting in a 33% operating deficit.

Mission

Funding scholarships for a private independent high school that teaches a classical curriculum based on the Catholic faith.

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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 $94,371

Program Service Revenue $0

Investment Income $0

Other Revenue $58,729

TOTAL REVENUE $153,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,756

Other Expenses $203,756

TOTAL EXPENSES $203,756

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,100	$184,680	-0.2%
Expenses	$203,756	$215,139	-0.1%
Net Income	$-50,656	$-30,459	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Redinger	Treasurer	10.00	Officer	$0	$0	$0
Paul Friedman	Secretary	10.00	Officer	$0	$0	$0
Theresa Updike	Chairman	10.00	Officer	$0	$0	$0
Tom Smalley	Vice Chairman	10.00	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
2025	No data	No data	No data	No data
2024	$153,100	$203,756	$40,460	$-50,656
2023	$184,680	$215,139	$80,848	$-30,459

Friends of Buffalo Chesterton Academy Inc