West Side Bazaar Inc
Nonprofit profile at a glance
- EIN
- 871265522
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Buffalo, NY, USA
- Phone
- 7164646389
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Neighborhood Centers
Reported finances
- Revenue
- $268,653
- Expenses
- $865,340
- Assets
- $2,432,250
- Liabilities
- $2,427,388
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- KRISTA SCHWARTZOTT (BOARD MEMBER/PRESIDENT)
- MELANIE JASKOLKA (BOARD MEMBER/VICE PRESIDENT)
- CAROLYNN WELCH (EXECUTIVE DIRECTOR)
Highest reported compensation
- CAROLYNN WELCH (EXECUTIVE DIRECTOR): $95,560 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote public interests and lessen the burdens on government in western New York by coordinating and contributing to the redevelopment of the community. Provide a space where new business owners can develop their business, attract and retain business and work towards the continued development of business in the community.
What it reported doing in 2024
Promoted public interests and lessened the burdens on government in western New York by coordinating and contributing to the redevelopment of the community. Provided a space where new business owners can develop their business, attract and retain business and work towards the continued development of business in the community.
Operating model
- Revenue model
- Earned-program. 76% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 25
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -222.1%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 2.81; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 1.3%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 6 of 6 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $865K in reported program spending
- Leadership: top reported pay $96K · 7 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.