ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC (EIN 800024332) - 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

2001

Legal Domicile

Principal Officer

SIMEON BANISTER

Phone

5852714100

Tax Period

2024-04-01 to 2025-03-31

ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

SPONSORS PROGRAMS AND PROJECTS THAT ADDRESS THE NEEDS OF THE COMMUNITY. THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF ROCHESTER AREA COMMUNITY FOUNDATION.

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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 $2,685,663

Program Service Revenue $0

Investment Income $70,697

Other Revenue $0

TOTAL REVENUE $2,756,360

Expense Breakdown

Grants Paid $1,998,637

Salaries & Benefits $766,921

Fundraising Expenses $36,317

Program Expenses $2,997,790

Other Expenses $380,884

TOTAL EXPENSES $3,146,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,756,360	$2,444,586	+0.1%
Expenses	$3,146,442	$2,413,800	+0.3%
Net Income	$-390,082	$30,786	-13.7%

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

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

$588,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM P ANOLIK	TREASURER	1.00	Officer Director	$0	$0	$0
ABIGAIL J BENNETT	MEMBER	1.00	Director	$0	$0	$0
R SCOTT BURDETT	MEMBER	1.00	Director	$0	$0	$0
DAVID P VENISKEY CPA	MEMBER	1.00	Director	$0	$0	$0
MARK A EIDLIN	MEMBER	1.00	Director	$0	$0	$0
ANN H MCMULLEN	MEMBER	1.00	Director	$0	$0	$0
CAROLYN G NUSSBAUM ESQ	COUNSEL	1.00	Officer Director	$0	$0	$0
RICHARD J RIEDMAN	MEMBER	1.00	Director	$0	$0	$0
FLOR M COLON	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID R FERRIS ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
MOLLENE B BENISON CPA	MEMBER	1.00	Director	$0	$0	$0
FRANCIS J CLEMENT	MEMBER	1.00	Director	$0	$0	$0
ARLINE L BAYO SANTIAGO ESQ	MEMBER	1.00	Director	$0	$0	$0
JAMES H NORMAN	MEMBER	1.00	Director	$0	$0	$0
ABIGAIL A REINHARD	MEMBER	1.00	Director	$0	$0	$0
DR WILLIAM VALENTI	MEMBER	1.00	Director	$0	$0	$0
PATRICK CUNNINGHAM	MEMBER	1.00	Director	$0	$0	$0
TODD BUTLER	MEMBER	1.00	Director	$0	$0	$0
AMY S VARS CPA	SENIOR VP AND CFO	2.00	Officer	$0	$12,795	$260,286
SIMEON BANISTER	PRESIDENT AND CEO	2.00	Officer	$0	$16,407	$328,512
MEGAN NORRIS	EXECUTIVE DIRECTOR, ACT ROCHESTER	40.00	Highest	$115,189	$10,123	$125,312
RAEGENA LAWRENCE	EXECUTIVE DIRECTOR, GRASA	40.00	Highest	$114,060	$4,498	$118,558

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	$2,756,360	$3,146,442	$1,493,301	$-390,082
2024	$2,444,586	$2,413,800	$2,048,465	$30,786
2023	$1,936,576	$1,773,800	$1,761,637	$162,776
2022	$1,668,196	$2,281,452	$1,514,962	$-613,256
2021	$2,994,470	$2,424,016	$2,451,164	$570,454
2020	$2,892,801	$2,618,348	$1,729,009	$274,453
2019	$3,130,163	$3,011,812	$1,455,827	$118,351

ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC