ERIENET LOCAL DEVELOPMENT CORPORATION

EIN: 882744474 501(c)(3) Employment

BUFFALO, NY

Total Revenue
$11,573,477
Total Expenses
$1,123,170
Total Assets
$41,710,074
Net Assets
$23,408,959
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NY
Principal Officer
MELISSA HARTMAN
Phone
7167719967
Tax Period
2025-01-01 to 2025-12-31

ERIENET LOCAL DEVELOPMENT CORPORATION, founded in 2022, is a mid-sized nonprofit in the Employment sector that reported $11.6M in total revenue in fiscal year 2025. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.5M, a strong 90% operating margin.

Mission

TO CREATE A FOUNDATION TO ADDRESS THE BROADBAND NEEDS OF UNSERVED AREAS, IMPROVE SERVICES IN UNDERSERVED AREAS OF THE COMMUNITY AND ENABLE WORLD-CLASS BROADBAND INVESTMENT AND DEPLOYMENT COUNTYWIDE.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $11,466,439
Program Service Revenue $0
Investment Income $6,981
Other Revenue $100,057
TOTAL REVENUE $11,573,477

Expense Breakdown

Grants Paid $0
Salaries & Benefits $304,968
Fundraising Expenses $0
Program Expenses $622,520
Other Expenses $818,202
TOTAL EXPENSES $1,123,170

Year-over-Year Comparison

2025 2024 Change
Revenue $11,573,477 $7,636,123 +0.5%
Expenses $1,123,170 $1,129,277 0.0%
Net Income $10,450,307 $6,506,846 +0.6%
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

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
11

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
5
$163,332
Total Directors
12
$163,332
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS BAINES CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL BREEDEN VICE CHAIR 1.00
Officer Director
$0 $0 $0
JEREMY TOTH SECRETARY 1.00
Officer Director
$0 $0 $0
MARK CORNELL TREASURER 1.00
Officer Director
$0 $0 $0
MARTHA BUYER DIRECTOR 1.00
Director
$0 $0 $0
DANIEL CASTLE DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH FREAS DIRECTOR 1.00
Director
$0 $0 $0
JOHN GILMOUR DIRECTOR 1.00
Director
$0 $0 $0
JASON KEDING DIRECTOR 1.00
Director
$0 $0 $0
MELISSA HARTMAN EXECUTIVE DIRECTOR 40.00
Officer Director
$115,528 $47,804 $163,332
JOHN MILLS DIRECTOR 1.00
Director
$0 $0 $0
NOLAN SKIPPER DIRECTOR 1.00
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
2025 $11,573,477 $1,123,170 $41,710,074 $10,450,307
2024 $7,636,123 $1,129,277 $35,334,252 $6,506,846
2023 $4,227,677 $840,638 $35,103,773 $3,387,039
2022 $932 No data $34,000,932 No data
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ERIENET LOCAL DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.