ELDERHOSTEL INC

EIN: 042632526 501(c)(3) Recreation & Sports

Boston, MA

Total Revenue
$383,709,603
Total Expenses
$344,125,759
Total Assets
$300,003,397
Net Assets
$115,216,527
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MA
Principal Officer
Lowell Partridge
Phone
6174267788
Tax Period
2023-07-01 to 2024-06-30

ELDERHOSTEL INC, founded in 1975, is a major nonprofit in the Recreation & Sports sector that reported $383.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $344.1M left a modest 10% surplus.

Mission

Elderhostel, Inc., which operates under the name Road Scholar, is a not-for-profit organization founded in 1975 and incorporated in 1977 for the purpose of sponsoring, arranging or conducting educational programs primarily for adults age 55 and older. Its mission is to inspire adults to learn, discover and travel. Road Scholar's learning adventures engage expert instructors, (Continued on Schedule O)

Program Service Accomplishments

Program 1
Expenses: $148,717,490 Revenue: $211,784,666

Road Scholar's unique non ship-based educational programs held outside the United States (ranging in length from one to six weeks or more for on-site programs, and one to five days for web-based...

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Road Scholar's unique non ship-based educational programs held outside the United States (ranging in length from one to six weeks or more for on-site programs, and one to five days for web-based programs) provide a stimulating academic experience introducing participants to the arts, history, literature, culture, architecture and natural environment of their locations. They are designed to further cross-cultural understanding by forging direct connections between participants and local residents, experts and lecturers. Community service and multi-generational programs are also offered. Room, board and in most cases airfare are included in the cost of on-site programs. In fiscal year 2024, 40,503 enrollees participated in on-site programs, and 19,707 enrollees participated in web-based programs and lectures.

Program 2
Expenses: $87,769,618 Revenue: $107,909,593

Road Scholar's unique non ship-based educational programs in the United States (ranging in length from four days to three weeks for on-site programs, and one to five days for web-based programs and...

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Road Scholar's unique non ship-based educational programs in the United States (ranging in length from four days to three weeks for on-site programs, and one to five days for web-based programs and lectures), provide a stimulating academic experience exploring the arts, literature, sciences, history, culture, and environment of the United States. Some programs provide community service and others are designed to be multi-generational, allowing grandchildren, or adult children and their children, to attend. Room and board are included in the cost. In fiscal year 2024, 40,674 enrollees participated in on-site programs, and 23,362 enrollees participated in web-based programs and lectures.

Program 3
Expenses: $28,638,457 Revenue: $40,368,366

Road Scholar's Adventures Afloat programs (ranging in length from one week to four months) are ship-based learning adventures that allow participants to experience the educational wonders of broad...

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Road Scholar's Adventures Afloat programs (ranging in length from one week to four months) are ship-based learning adventures that allow participants to experience the educational wonders of broad regions connected by the world's oceans and waterways. Experts and professors provide stimulating educational programs on board, which are enhanced by field trips to experience the culture of local communities through related land components and lectures. Multi-generational programs are offered, and room and board are included in the cost, as is airfare for most programs. In fiscal year 2024, 8,207 enrollees participated in Adventures Afloat programs.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,892,923
Program Service Revenue $360,062,625
Investment Income $7,452,289
Other Revenue $13,301,766
TOTAL REVENUE $383,709,603

Expense Breakdown

Grants Paid $118,469
Salaries & Benefits $45,976,551
Fundraising Expenses $842,634
Program Expenses $316,541,612
Other Expenses $298,030,739
TOTAL EXPENSES $344,125,759

Year-over-Year Comparison

2023 2022 Change
Revenue $383,709,603 $344,940,076 +0.1%
Expenses $344,125,759 $307,047,297 +0.1%
Net Income $39,583,844 $37,892,779 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
544
Volunteers
150

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
10
$1,839,538
Total Directors
13
$0
Key Employees
3
$1,339,134
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Moses President & CEO 40.00
Officer
$1,038,882 $53,055 $1,091,937
Eric Bird Chief Operating Officer 40
Key Emp
$438,445 $37,313 $475,758
Lowell Partridge Ass't Treasurer & CFO 40
Officer
$418,811 $45,299 $464,110
Maeve Hartney Chief Programs Officer 40
Key Emp
$375,755 $58,225 $433,980
Mary Marks Chief Tuition Officer 40
Key Emp
$374,846 $54,550 $429,396
Stephen August VP, Marketing 40
Highest
$339,211 $52,985 $392,196
Joseph LoDato VP, Human Resources 40
Highest
$282,870 $55,035 $337,905
John McCarthy Chief Information Officer 40
Highest
$289,166 $29,613 $318,779
Christopher Heppner VP, Communications 40
Highest
$253,359 $50,625 $303,984
Stuart Burke VP, Program Accounting 40
Highest
$272,627 $28,936 $301,563
Alexander Toth Ass't Clerk 40
Officer
$130,345 $13,347 $143,692
Rachel Louis Hamilton Clerk 30.00
Officer
$126,839 $12,960 $139,799
Judith Allen Ferretti Chair (thru 06/24), Vice Chair (eff 06/24) & Director 4
Officer Director
$0 $0 $0
Ralph Fuccillo Chair & Director (eff 06/24) 4
Officer Director
$0 $0 $0
Ward William Dunn Jr Vice Chair (thru 6/24) & Director 2.00
Officer Director
$0 $0 $0
George Moose Vice Chair (thru 06/24) & Director 2
Officer Director
$0 $0 $0
Sharon M Matthews Vice Chair & Director (eff 06/24) 2
Officer Director
$0 $0 $0
Sandra Willen Treasurer & Director 3
Officer Director
$0 $0 $0
Michael Crotty Director 1
Director
$0 $0 $0
Jennifer Elizabeth Main Director (eff 06/24) 1
Director
$0 $0 $0
Paul Nelson Director (eff 05/24) 1
Director
$0 $0 $0
Susan D Page Director 1
Director
$0 $0 $0
Jane Reardon Director 1
Director
$0 $0 $0
Kate Walker Director (eff 05/24) 1
Director
$0 $0 $0
Morrison DeSoto Webb Director 1
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 No data No data No data No data
2024 $383,709,603 $344,125,759 $300,003,397 $39,583,844
2023 $344,940,076 $307,047,297 $229,991,445 $37,892,779
2022 $157,086,376 $158,077,826 $208,363,648 $-991,450
2021 $25,807,817 $37,131,476 $135,068,845 $-11,323,659
2020 $254,323,739 $278,166,818 $129,859,925 $-23,843,079
2019 $389,880,650 $386,403,568 $216,566,045 $3,477,082
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