SARATOGA CONVENTION AND TOURISM BUREAU (EIN 141666181) - 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

1985

Legal Domicile

Principal Officer

DARRYL LEGGIERI

Phone

5185841531

Tax Period

2024-01-01 to 2024-12-31

SARATOGA CONVENTION AND TOURISM BUREAU, founded in 1985, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

SARATOGA CONVENTION & TOURISM BUREAU IS A KEY ECONOMIC DEVELOPMENT ENGINE FOR THIS COMMUNITY, THE MISSION OF THE SARATOGA CONVENTION & TOURISM BUREAU IS TO CONTRIBUTE A POSITIVE IMPACT ON THE LOCAL ECONOMY BY PROMOTING AND MARKETING SARATOGA SPRINGS AND SARATOGA COUNTY AS A WORLD-CLASS DESTINATION FOR MEETINGS, CONVENTIONS AND GROUPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $635,477

Program Service Revenue $1,949,586

Investment Income $56,385

Other Revenue $0

TOTAL REVENUE $2,641,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,206,294

Fundraising Expenses $0

Program Expenses $1,500,975

Other Expenses $1,413,732

TOTAL EXPENSES $2,620,026

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,641,448	$2,097,578	+0.3%
Expenses	$2,620,026	$1,743,242	+0.5%
Net Income	$21,422	$354,336	-0.9%

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

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

$234,164

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN TUOHY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS NEWKIRK	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY GODETTE VENTRE	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN HENNESSEY	TREASURER	1.00	Officer Director	$0	$0	$0
SAMANTHA BOSSHART	DIRECTOR	1.00	Director	$0	$0	$0
DAN FORTIER	DIRECTOR	1.00	Director	$0	$0	$0
TODD SHIMKUS	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
JASON FITCH	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
GARY FOX	DIRECTOR	1.00	Director	$0	$0	$0
CARMINE DECRESCENTE III	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
WENDY LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
MADDY ZANETTI	DIRECTOR	1.00	Director	$0	$0	$0
TEDDY FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
ALEX TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BAMBARA	CHAIR	1.00	Officer Director	$0	$0	$0
LESLIE DICARLO	DIRECTOR	1.00	Director	$0	$0	$0
HELEN WATSON	IN-COMING CHAIR	1.00	Officer Director	$0	$0	$0
DAVID HAYES	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE HOERTKORN	DIRECTOR	1.00	Director	$0	$0	$0
SAAD JUNAID	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL LEGGIERI	PRESIDENT	40.00	Officer	$227,344	$6,820	$234,164
MARY JO JANIS	VICE PRESIDENT	40.00		$141,606	$25,144	$166,750

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	$2,641,448	$2,620,026	$2,044,889	$21,422
2023	$2,097,578	$1,743,242	$2,161,801	$354,336
2022	$1,913,876	$1,610,222	$1,903,264	$303,654
2021	$1,608,505	$1,014,901	$1,297,974	$593,604
2020	$859,135	$1,050,481	$688,518	$-191,346
2019	$1,766,178	$1,736,543	$712,822	$29,635
2018	$1,905,238	$1,848,590	$668,304	$56,648

SARATOGA CONVENTION AND TOURISM BUREAU