Buffalo And Erie County Workforce Development Consortium Inc
Buffalo And Erie County Workforce Development Consortium maintains stable operations with growing assets and no reported officer compensation.
EIN: 161585625 · Buffalo, NY · NTEE: J20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.0M |
| Total Expenses | $10.0M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $515K |
| Transparency Score | 85/100 |
Is Buffalo And Erie County Workforce Development Consortium Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Buffalo And Erie County Workforce Development Consortium Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Buffalo And Erie County Workforce Development Consortium Inc
Buffalo And Erie County Workforce Development Consortium Inc (EIN: 161585625) is a nonprofit organization based in Buffalo, NY, classified under NTEE code J20. The organization reported total revenue of $9.0M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo And Erie County Workforce Development Consortium Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buffalo And Erie County Workforce Development Consortium Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.0M |
| Total Expenses | $10.0M |
| Surplus / Deficit | $-14,714 |
| Total Assets | $4.9M |
| Total Liabilities | $4.4M |
| Net Assets | $515K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 89.5% |
| Months of Reserves | 5.9 months |
Financial Health Grade: C
In 2023, Buffalo And Erie County Workforce Development Consortium Inc reported a deficit of $15K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 89.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Buffalo And Erie County Workforce Development Consortium Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.6% | -13.5% | +151.6% |
| 2022 | +23.3% | +23.5% | -1.5% |
| 2021 | -14.1% | -13.8% | +23.7% |
| 2020 | +11.2% | +11.1% | +23.5% |
| 2019 | +1.1% | +0.8% | +20.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Buffalo And Erie County Workforce Development Consortium Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 88%
- fundraising: 2%
According to IRS 990 filings, Buffalo And Erie County Workforce Development Consortium Inc allocates its expenses as follows: admin: 10%, programs: 88%, fundraising: 2%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 89.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, including the latest period (202306). This is highly unusual for an organization with revenues consistently around $10 million, suggesting that executive leadership may be compensated through other mechanisms not categorized as officer compensation, or that leadership roles are entirely volunteer-based.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Buffalo And Erie County Workforce Development Consortium Inc's IRS 990 filings:
- Consistent $0 reported officer compensation for an organization with multi-million dollar revenues, which is highly unusual and warrants further inquiry into how leadership is compensated or structured.
- Significant increase in liabilities ($1,414,282 in 2022 to $4,375,465 in 2023) alongside asset growth, suggesting potential reliance on debt or specific funding structures that increase obligations.
Strengths
The following positive indicators were identified for Buffalo And Erie County Workforce Development Consortium Inc:
- Stable financial operations with revenues and expenses consistently matched over a decade, indicating sound financial management.
- Strong program focus, as implied by the high program spending ratio (estimated 88%).
- Consistent filing of IRS 990s over many years, demonstrating a commitment to transparency.
- Significant asset growth in the latest period (202306), potentially indicating increased capacity or strategic investments.
Frequently Asked Questions about Buffalo And Erie County Workforce Development Consortium Inc
Is Buffalo And Erie County Workforce Development Consortium Inc a legitimate charity?
Buffalo And Erie County Workforce Development Consortium Inc (EIN: 161585625) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.0M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Buffalo And Erie County Workforce Development Consortium Inc spend its money?
Buffalo And Erie County Workforce Development Consortium Inc directs 88% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Buffalo And Erie County Workforce Development Consortium Inc tax-deductible?
Buffalo And Erie County Workforce Development Consortium Inc is registered as a tax-exempt nonprofit (EIN: 161585625). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Buffalo And Erie County Workforce Development Consortium Inc CEO make?
Buffalo And Erie County Workforce Development Consortium Inc's highest-compensated officer earns $10 annually. The organization reported $9.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Buffalo And Erie County Workforce Development Consortium Inc's spending goes to programs?
Buffalo And Erie County Workforce Development Consortium Inc directs 88% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Buffalo And Erie County Workforce Development Consortium Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Buffalo And Erie County Workforce Development Consortium Inc is above average for NTEE category J20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Buffalo And Erie County Workforce Development Consortium Inc located?
Buffalo And Erie County Workforce Development Consortium Inc is headquartered in Buffalo, New York and files with the IRS under EIN 161585625. It is classified under NTEE code J20.
How many years of IRS 990 filings does Buffalo And Erie County Workforce Development Consortium Inc have?
Buffalo And Erie County Workforce Development Consortium Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.0M in total revenue.
How does the organization manage to operate with $0 reported officer compensation?
The consistent reporting of $0 officer compensation across all filings is highly unusual for an organization of this size and revenue. It suggests that executive functions might be volunteer-based, compensated through a related entity, or that compensation is categorized differently within their financial statements, which would require further clarification.
What is the nature of the significant asset growth observed between 2022 and 2023?
Assets increased from $1,944,049 in 2022 to $4,890,518 in 2023. This substantial growth, alongside a proportional increase in liabilities, warrants further investigation to understand if it represents strategic investments, increased program funding, or other financial activities.
Are there any related organizations or entities that might be providing services or compensation not reflected in these filings?
Given the $0 officer compensation and the nature of workforce development, it's possible that some services or compensation could be provided by or through related governmental or non-profit entities, which would not be directly visible in these specific 990 lines.
Filing History
IRS 990 filing history for Buffalo And Erie County Workforce Development Consortium Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Buffalo And Erie County Workforce Development Consortium Inc's revenue has declined by 19.9%, moving from $12.4M to $10.0M. Total assets increased by 312.7% over the same period, from $1.2M to $4.9M. Total functional expenses fell by 19.7%, from $12.4M to $10.0M. In its most recent filing year (2023), Buffalo And Erie County Workforce Development Consortium Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $4.4M in liabilities against $4.9M in assets (debt-to-asset ratio: 89.5%), resulting in net assets of $515K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.0M | $10.0M | $4.9M | $4.4M | — | View 990 |
| 2022 | $11.5M | $11.6M | $1.9M | $1.4M | — | View 990 |
| 2021 | $9.4M | $9.4M | $2.0M | $1.4M | — | View 990 |
| 2020 | $10.9M | $10.9M | $1.6M | $1.1M | — | View 990 |
| 2019 | $9.8M | $9.8M | $1.3M | $816K | — | View 990 |
| 2018 | $9.7M | $9.7M | $1.1M | $644K | — | View 990 |
| 2017 | $11.1M | $11.1M | $1.2M | $763K | — | View 990 |
| 2016 | $10.4M | $10.4M | $1.2M | $847K | — | View 990 |
| 2015 | $10.0M | $9.9M | $1.0M | $655K | — | View 990 |
| 2014 | $10.4M | $10.4M | $1.0M | $668K | — | View 990 |
| 2013 | $11.2M | $11.3M | $1.5M | $1.2M | — | View 990 |
| 2012 | $11.9M | $11.7M | $1.1M | $720K | — | View 990 |
| 2011 | $12.4M | $12.4M | $1.2M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.0M, expenses of $10.0M, and assets of $4.9M (revenue -13.6% year-over-year).
- 2022: Revenue of $11.5M, expenses of $11.6M, and assets of $1.9M (revenue +23.3% year-over-year).
- 2021: Revenue of $9.4M, expenses of $9.4M, and assets of $2.0M (revenue -14.1% year-over-year).
- 2020: Revenue of $10.9M, expenses of $10.9M, and assets of $1.6M (revenue +11.2% year-over-year).
- 2019: Revenue of $9.8M, expenses of $9.8M, and assets of $1.3M (revenue +1.1% year-over-year).
- 2018: Revenue of $9.7M, expenses of $9.7M, and assets of $1.1M (revenue -12.4% year-over-year).
- 2017: Revenue of $11.1M, expenses of $11.1M, and assets of $1.2M (revenue +6.7% year-over-year).
- 2016: Revenue of $10.4M, expenses of $10.4M, and assets of $1.2M (revenue +4.2% year-over-year).
- 2015: Revenue of $10.0M, expenses of $9.9M, and assets of $1.0M (revenue -4.6% year-over-year).
- 2014: Revenue of $10.4M, expenses of $10.4M, and assets of $1.0M (revenue -7.1% year-over-year).
- 2013: Revenue of $11.2M, expenses of $11.3M, and assets of $1.5M (revenue -5.4% year-over-year).
- 2012: Revenue of $11.9M, expenses of $11.7M, and assets of $1.1M (revenue -4.5% year-over-year).
- 2011: Revenue of $12.4M, expenses of $12.4M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buffalo And Erie County Workforce Development Consortium Inc:
Data Sources and Methodology
This transparency report for Buffalo And Erie County Workforce Development Consortium Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.