Travel Goods Association (EIN 135580600) - 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

1938

Legal Domicile

Phone

8778421938

Tax Period

2021-01-01 to 2021-12-31

Travel Goods Association, founded in 1938, is a small nonprofit that reported $595K in total revenue in fiscal year 2021. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $878K exceeded revenue, resulting in a 48% operating deficit.

Mission

To promote the growth, profitability, and image of the travel goods industry.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $68,938

Investment Income $521,550

Other Revenue $4,237

TOTAL REVENUE $594,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $676,527

Fundraising Expenses $0

Other Expenses $201,904

TOTAL EXPENSES $878,431

Year-over-Year Comparison

	2021	2020	Change
Revenue	$594,725	$1,004,419	-0.4%
Expenses	$878,431	$1,729,088	-0.5%
Net Income	$-283,706	$-724,669	-0.6%

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

$441,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Lomas	Chair	1.00	Officer Director	$0	$0	$0
Richard Krulik	Vice Chair	1.00	Officer Director	$0	$0	$0
Jack Holodnicki	Secretary	1.00	Officer Director	$0	$0	$0
Cliff Ensley	Chair Elect	1.00	Officer Director	$0	$0	$0
Scott Kosmin	Treasurer	1.00	Officer Director	$0	$0	$0
John Yu	Director	1.00	Director	$0	$0	$0
Jerry Kallman	Director	1.00	Director	$0	$0	$0
Magi Raible	Director	1.00	Director	$0	$0	$0
Michele Marini Pittenger	President	55.00	Officer	$222,796	$52,619	$275,415
James T Holmes	Vice President	55.00	Officer	$127,649	$38,830	$166,479
Kim Wong	Creative Director	55.00	Highest	$108,573	$66,223	$174,796

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
2021	$594,725	$878,431	$7,172,279	$-283,706
2020	$1,004,419	$1,729,088	$6,948,095	$-724,669
2018	$2,672,112	$2,329,191	$8,036,931	$342,921

Travel Goods Association