NIAGARA TOURISM & CONVENTION CORPORATION (EIN 030455984) - 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

2002

Legal Domicile

Principal Officer

JOHN PERCY

Phone

7162828992

Tax Period

2023-01-01 to 2023-12-31

NIAGARA TOURISM & CONVENTION CORPORATION, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $5.1M in total revenue in fiscal year 2023. Net assets of $12.4M represent 29 months of operating reserves.

Mission

TO ENHANCE THE ECONOMIC PROSPERITY OF NIAGARA COUNTY BY PROMOTING, SELLING AND MARKETING THE COUNTY AS A PREMIER DESTINATION FOR MEETINGS, CONVENTIONS AND LEISURE TOURISM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,156,995

Program Service Revenue $136,680

Investment Income $266,167

Other Revenue $514,546

TOTAL REVENUE $5,074,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,451,374

Fundraising Expenses $0

Other Expenses $3,852,253

TOTAL EXPENSES $5,303,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,074,388	$5,163,192	0.0%
Expenses	$5,303,627	$4,466,952	+0.2%
Net Income	$-229,239	$696,240	-1.3%

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

N/A

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

$235,730

Total Directors

$235,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PERCY	PRESIDENT & CEO	40.00	Officer Director	$208,208	$27,522	$235,730
JOHN DIGUISEPPE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ZIMMERMAN	DIRECTOR	2.00	Director	$0	$0	$0
MARK LAURRIE	DIRECTOR/CHAIRMAN	2.00	Officer Director	$0	$0	$0
GARY SIDDALL	DIRECTOR/VICE-CHAIRMAN	1.00	Director	$0	$0	$0
RICHARD UPDEGROVE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PAULY	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE ROMAN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK STRANGIO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCHWEITZER	DIRECTOR	1.00	Director	$0	$0	$0
NIREL PATEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CARROLL	TREASURER	2.00	Officer Director	$0	$0	$0
LUCY MUTO	DIRECTOR	1.00	Director	$0	$0	$0
DONALD FOSTE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WRONKSI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RESTANIO	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA BERTI	EX-OFFICIO	1.00	Director	$0	$0	$0
ANTHONY VILARDO	EX-OFFICIO	1.00	Director	$0	$0	$0
BRIDGET NILAND	EX-OFFICIO	1.00	Director	$0	$0	$0
JOSH BLUMBERG	EX-OFFICIO	1.00	Director	$0	$0	$0
ANDREA CZOPP	EX-OFFICIO	40.00	Highest	$143,681	$0	$143,681

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	No data	No data	No data	No data
2023	$5,074,388	$5,303,627	$14,667,801	$-229,239
2022	$5,163,192	$4,466,952	$13,987,866	$696,240
2021	$8,211,628	$3,101,673	$12,915,092	$5,109,955
2020	$2,122,336	$2,623,336	$7,211,783	$-501,000
2019	$3,916,254	$4,250,016	$7,992,172	$-333,762
2018	$3,962,814	$4,775,224	$8,259,094	$-812,410

NIAGARA TOURISM & CONVENTION CORPORATION