WORLD TRADE CENTER BUFFALO NIAGARA… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

STEVE BRIGGS

Phone

7168527160

Tax Period

2020-01-01 to 2020-12-31

WORLD TRADE CENTER BUFFALO NIAGARA INC, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $144K in total revenue in fiscal year 2020.

Mission

THE ORGANIZATION IS AN INTERNATIONAL BUSINESS DEVELOPMENT ORGANIZATION HELPING COMPANIES IN OUR REGION TRADE BY PROVIDING CONSULTING, EDUCATION AND TRAINING AND WORLDWIDE MEMBERSHIP AFFILIATION.

Program Service Accomplishments

Program 1

Expenses: $107,184 Revenue: $104,068

WORLD TRADE CENTER BUFFALO NIAGARA (WTCBN) FOCUSES ON THREE PRIMARY AREAS TO SERVE THE BUSINESS COMMUNITY IN WESTERN NEW YORK: MEMBERSHIP,EDUCATIONAL PROGRAMS AND EVENTS, AND TRADE CONSULTING...

WORLD TRADE CENTER BUFFALO NIAGARA (WTCBN) FOCUSES ON THREE PRIMARY AREAS TO SERVE THE BUSINESS COMMUNITY IN WESTERN NEW YORK: MEMBERSHIP,EDUCATIONAL PROGRAMS AND EVENTS, AND TRADE CONSULTING SERVICES. IN2020, WTCBN HAD 71 TOTAL MEMBERS WITH 6 NEW MEMBERS FOR THE YEAR, THISIS IN ADDITION TO THE MEMBERS OF THE WORLD TRADE CENTERS ASSOCIATION,WHICH HAS 314 WORLD TRADE CENTERS IN 91 COUNTRIES. WTCBN HOSTED 13EVENTS WITH 444 ATTENDEES REPRESENTING 257 UNIQUE BUSINESSES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $40,000

Program Service Revenue $97,751

Investment Income $0

Other Revenue $6,317

TOTAL REVENUE $144,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,171

Fundraising Expenses $0

Program Expenses $107,184

Other Expenses $32,949

TOTAL EXPENSES $153,120

Year-over-Year Comparison

	2020	2019	Change
Revenue	$144,068	$149,709	0.0%
Expenses	$153,120	$169,529	-0.1%
Net Income	$-9,052	$-19,820	-0.5%

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

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
F KENNETH GRAHAM	DIRECTOR/SECRETARY	0.19	Officer Director	$0	$0	$0
JOHN DELUCA	DIRECTOR	0.19	Director	$0	$0	$0
KENNETH M FRANASIAK	DIRECTOR	0.19	Director	$0	$0	$0
WILLIAM FIERLE	DIRECTOR	0.19	Director	$0	$0	$0
TIMOTHY BUBAR	DIRECTOR/TREASURER	0.19	Officer Director	$0	$0	$0
CARL SAVARINO	DIRECTOR	0.19	Director	$0	$0	$0
STEVE BRIGGS	DIRECTOR/CHAIRMAN	0.19	Officer Director	$0	$0	$0
JAMES RESETAR	DIRECTOR	0.19	Director	$0	$0	$0
NANCY DEMPSEY	DIRECTOR	0.19	Director	$0	$0	$0
ROBERT CLARK	DIRECTOR	0.19	Director	$0	$0	$0
JIM MANNO	DIRECTOR/VICE CHAIR	0.19	Officer Director	$0	$0	$0
PAT SCANLON	DIRECTOR	0.19	Director	$0	$0	$0
RICH STAUFFER	DIRECTOR	0.19	Director	$0	$0	$0
PETER COLEMAN	DIRECTOR	0.19	Director	$0	$0	$0
EILEEN MARTIN	DIRECTOR	0.19	Director	$0	$0	$0
TIMOTHY PALISANO	DIRECTOR	0.19	Director	$0	$0	$0
DAMON PIATEK	DIRECTOR	0.19	Director	$0	$0	$0
MARK FRASCATORE	DIRECTOR	0.19	Director	$0	$0	$0
KEVIN JACOBI	DIRECTOR	0.19	Director	$0	$0	$0
CRAIG TURNER	ACTING PRESIDENT	4.00	Officer	$60,000	$0	$60,000

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
2020	$144,068	$153,120	$118,697	$-9,052
2019	$149,709	$169,529	$17,501	$-19,820
2018	$193,578	$165,604	$38,578	$27,974

WORLD TRADE CENTER BUFFALO NIAGARA INC