Buffalo Institute for Contemporary Art (EIN 825084828) - 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

2018

Legal Domicile

Principal Officer

Nando Perez

Phone

7164353275

Tax Period

2024-07-01 to 2025-06-30

Buffalo Institute for Contemporary Art, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 17% operating margin.

Mission

The Buffalo Institiute for Contemporary Art (Bica) is a art and educational project for Buffalo, NY. Through Innovative exhibitions, cross-discipplinary skills-based programming, and arts ecology development, bica mission is to break down barriers between the art world and the rest of the world to make lives better through practical engagements with contemporary art.

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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 $282,707

Program Service Revenue $8,891

Investment Income $1

Other Revenue $21,037

TOTAL REVENUE $312,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,049

Fundraising Expenses $21,770

Program Expenses $176,952

Other Expenses $212,320

TOTAL EXPENSES $259,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,636	$227,085	+0.4%
Expenses	$259,369	$233,024	+0.1%
Net Income	$53,267	$-5,939	-10.0%

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nando Perez	President	1.00	Officer Director	$0	$0	$0
Patrick Finan	Treasuer	1.00	Officer Director	$0	$0	$0
Olivia McManus	Secretary	1.00	Officer Director	$0	$0	$0
Andrea Alvarez	Director	1.00	Director	$0	$0	$0
Rachel Adams	Director	1.00	Director	$0	$0	$0
Kyla Kegler	Director	1.00	Director	$0	$0	$0
Christopher Ryan	Director	1.00	Director	$0	$0	$0
Emily Reynolds	Executive Director	35.00	Officer Director	$24,000	$0	$24,000

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
2025	$312,636	$259,369	$194,588	$53,267
2024	$227,085	$233,024	$155,210	$-5,939
2023	$301,221	$205,642	$175,358	$95,579

Buffalo Institute for Contemporary Art