BUFFALO STRING WORKS INC (EIN 810718400) - 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

2015

Legal Domicile

Principal Officer

CHIRAG DESAI

Phone

7162380328

Tax Period

2024-09-01 to 2025-08-31

BUFFALO STRING WORKS INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $851K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

BUFFALO STRING WORKS IGNITES COMMUNITY AND YOUTH LEADERSHIPTHROUGH INCLUSIVE MUSIC EDUCATION.

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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 $823,675

Program Service Revenue $26,659

Investment Income $761

Other Revenue $0

TOTAL REVENUE $851,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $643,018

Fundraising Expenses $147,726

Program Expenses $611,386

Other Expenses $281,029

TOTAL EXPENSES $924,047

Year-over-Year Comparison

	2024	2023	Change
Revenue	$851,095	$985,042	-0.1%
Expenses	$924,047	$1,112,502	-0.2%
Net Income	$-72,952	$-127,460	-0.4%

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

N/A

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
EVAN ANDERSON	MEMBER	1.00	Director	$0	$0	$0
MICHAEL CHRISTIANO	TREASURER	2.00	Director	$0	$0	$0
STEPHEN EDGE	MEMBER	1.00	Director	$0	$0	$0
ISOK KIM	SECRETARY	1.00	Director	$0	$0	$0
ZHI TING PHUA	MEMBER	1.00	Director	$0	$0	$0
CHIRAG DESAI	PRESIDENT	2.00	Officer	$0	$0	$0
EVA HASSETT	VICE PRESIDE	2.00	Officer	$0	$0	$0
KATHLEEN NAUGHTON	CHAIR DEVELO	1.00	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	$851,095	$924,047	$615,878	$-72,952
2024	$985,042	$1,112,502	$460,936	$-127,460
2023	$995,254	$947,980	$779,817	$47,274
2022	$832,478	$671,382	$681,118	$161,096
2021	$523,040	$441,399	$482,882	$81,641
2021	$523,040	$441,399	$482,882	$81,641
2020	$368,713	$321,885	$390,273	$46,828

BUFFALO STRING WORKS INC