East Buffalo Development Corporation (EIN 922484969) - 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

2023

Legal Domicile

Principal Officer

Essence Sweat

Phone

7162223885

Tax Period

2024-01-01 to 2024-12-31

East Buffalo Development Corporation, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $254K in total revenue in fiscal year 2024. Revenue surged 2009% from the prior year, signaling strong growth momentum. Expenses of $243K left a modest 4% surplus.

Mission

East Buffalo Development Corporation is a community-based real estate development corporation committed to our mission of leveraging private and public funds to drive equitable and inclusive eastside planning, construction, land use, and engagement.

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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 $229,258

Program Service Revenue $25,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $254,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,491

Fundraising Expenses $4,720

Program Expenses $178,936

Other Expenses $214,571

TOTAL EXPENSES $243,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,258	$12,055	+20.1%
Expenses	$243,062	$12,058	+19.2%
Net Income	$11,196	$-3	-3733.0%

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

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
Ike Baker	President	1.00	Officer Director	$0	$0	$0
Marcell Redden	Vice President	1.00	Officer Director	$0	$0	$0
Annette Watts	Treasurer	1.00	Officer Director	$0	$0	$0
Lisa Napier	Secretary	1.00	Officer Director	$0	$0	$0
Brandon Baxter	Board Member	1.00	Director	$0	$0	$0
Josh Enri	Board Member	1.00	Director	$0	$0	$0
Talia Huff -Johnson	Board Member	1.00	Director	$0	$0	$0
N/A	Executive Director	5.00		$21,194	$0	$21,194

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	$254,258	$243,062	$11,849	$11,196

East Buffalo Development Corporation