43NORTH FOUNDATION INC (EIN 861647131) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

WILLIAM MAGGIO

Phone

7163327980

Tax Period

2023-01-01 to 2023-12-31

43NORTH FOUNDATION INC, founded in 2020, is a small nonprofit that reported $318K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 235% operating deficit.

Mission

PROVIDE BUFFALO/NIAGARA REGION WITH OPPORTUNITIES BY INVESTING IN ORGANIZATIONS, IDEAS, AND INNOVATION AND IN MAKING BUFFALO THE BEST IT CAN BE. TO PROVIDE FINANCIAL AND ENTREPRENEURIAL SUPPORT TO MAKE BUFFALO A BEACON OF TECHNOLOGICAL INNOVATION AND ECONOMIC GROWTH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $400,000

Program Service Revenue $0

Investment Income $-82,356

Other Revenue $0

TOTAL REVENUE $317,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,000

Fundraising Expenses $0

Program Expenses $939,433

Other Expenses $1,044,309

TOTAL EXPENSES $1,064,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$317,644	$830,910	-0.6%
Expenses	$1,064,309	$155,949	+5.8%
Net Income	$-746,665	$674,961	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$20,000

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MAGGIO	CHAIRMAN	5.00	Officer Director	$0	$0	$0
ADAM PETRIE	TREASURER	5.00	Officer Director	$20,000	$0	$20,000
ERIC REICH	BOARD MEMBER	5.00	Director	$0	$0	$0
RON SCHREIBER	BOARD MEMBER	5.00	Director	$0	$0	$0
JORDAN LEVY	BOARD MEMBER	5.00	Director	$0	$0	$0
ALLEN PETE GRUM	BOARD MEMBER	5.00	Director	$0	$0	$0
SHARON RANDACCIO	BOARD MEMBER	5.00	Director	$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
2024	No data	No data	No data	No data
2023	$317,644	$1,064,309	$57,425,416	$-746,665
2022	$830,910	$155,949	$47,245,822	$674,961
2021	$56,484,204	$63,777	$67,404,856	$56,420,427

43NORTH FOUNDATION INC