BUFFALO STATE COLLEGE FOUNDATION HOUSING CORPORATION (EIN 943462623) - 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

2008

Legal Domicile

Principal Officer

JIM FINNERTY

Phone

7168785304

Tax Period

2024-07-01 to 2025-06-30

BUFFALO STATE COLLEGE FOUNDATION HOUSING CORPORATION, founded in 2008, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2024. The organization ran a surplus of $2.6M, a strong 42% operating margin.

Mission

CONSTRUCT AND OPERATE A STUDENT-HOUSING COMPLEX SERVING BUFFALO STATE UNIVERSITY.

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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 $0

Program Service Revenue $5,762,384

Investment Income $315,751

Other Revenue $33,418

TOTAL REVENUE $6,111,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,332,572

Other Expenses $3,558,283

TOTAL EXPENSES $3,558,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,111,553	$5,706,025	+0.1%
Expenses	$3,558,283	$9,608,485	-0.6%
Net Income	$2,553,270	$-3,902,460	-1.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C TEO BALBACH	PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL BONITATIBUS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
RICHARD TRIGILIO	SECRETARY	0.50	Officer Director	$0	$0	$0
JEREMY HUDSON	TREASURER	0.50	Officer Director	$0	$0	$0
JIM FINNERTY	EXECUTIVE DIRECTOR	0.50	Director	$0	$0	$0
JODY BRIANDI	DIRECTOR	0.50	Director	$0	$0	$0
WAYNE BRUMFIELD	DIRECTOR	0.50	Director	$0	$0	$0
JAMES IGLEWSKI	DIRECTOR	0.50	Director	$0	$0	$0
JAMES THOR	DIRECTOR	0.50	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	$6,111,553	$3,558,283	$36,246,982	$2,553,270
2024	No data	No data	No data	No data
2023	$5,384,475	$3,629,193	$40,664,494	$1,755,282
2022	$4,379,789	$3,530,926	$40,606,761	$848,863
2021	$4,531,063	$5,048,614	$41,560,620	$-517,551
2020	$4,690,767	$4,825,876	$83,153,636	$-135,109
2019	$5,182,935	$4,397,727	$43,979,313	$785,208
2018	$4,940,563	$4,404,263	$42,884,053	$536,300

BUFFALO STATE COLLEGE FOUNDATION HOUSING CORPORATION