NEW YORK STATE TOURISM INDUSTRY AS… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

GREG LADUCA

Phone

5189561241

Tax Period

2023-01-01 to 2023-12-31

NEW YORK STATE TOURISM INDUSTRY ASSOCIATION INC, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

NYSTIA REPRESENTS NEW YORK STATE'S TOURISM INDUSTRY THROUGH COLLABORATION, RESEARCH, LEGISLATIVE AWARENESS, AND EXCEPTIONAL MARKETING.

Program Service Accomplishments

Program 1

Expenses: $1,114,632 Revenue: $1,066,401

THE ORGANIZATION CONDUCTS A COOPERATIVE ADVERTISING PROGRAM IN WHICH ABOUT 30% OF ITS MEMBERS PARTICIPATE. WE HAVE PLACEMENTS IN PUBLICATIONS ACROSS THE SERVICE AREA OF THE MEMBERS.THE ORGANIZATION CONDUCTS A COOPERATIVE TRADE SHOW PROGRAM, WHICH DISPLAYS THE NEW YORK STATE TOURISM PRODUCT THROUGH AN EXHIBIT BOOTH AND BROCHURE DISTRIBUTION THROUGH THE SERVICE AREA. THIS INCLUDES PARTICIPATION WITH I LOVE NY, NYS PARKS, AND NYS CANAL AUTHORITY IN APPROPRIATE MARKETS.THE ORGANIZATION CONDUCTS EDUCATIONAL PROGRAMMING AS A PRESENTER OF THE EMPIRE STATE TOURISM CONFERENCE AND THROUGH ITS ANNUAL MEETING. GUEST SPEAKERS AND EDUCATIONAL PROGRAMMING, PRESENTATIONS, DISPLAYS, AND NETWORKING ARE PROVIDED TO THE MEMBERS.THE ORGANIZATION SPONSORS A SCHOLARSHIP PROGRAM AND HAS EVENTS WHICH RAISE REVENUES TO AWARD TO TRAVEL AND TOURISM RELATED STUDENTS AND PROGRAMS IN NEW YORK STATE.

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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 $0

Program Service Revenue $1,066,401

Investment Income $8,305

Other Revenue $0

TOTAL REVENUE $1,074,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,223

Fundraising Expenses $0

Program Expenses $1,114,632

Other Expenses $1,046,703

TOTAL EXPENSES $1,207,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,074,706	$825,802	+0.3%
Expenses	$1,207,926	$810,540	+0.5%
Net Income	$-133,220	$15,262	-9.7%

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

$14,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNAMARIA BELLANTONI	DIRECTOR	1.00	Director	$0	$0	$0
LISA BERGER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH FOSTER CALERO	DIRECTOR	1.00	Director	$0	$0	$0
HAYLEY CORIATY	DIRECTOR	1.00	Director	$0	$0	$0
BETH DUANE	DIRECTOR	1.00	Director	$0	$0	$0
HILARY FENNER	DIRECTOR	1.00	Director	$0	$0	$0
TODD GARAFANO	DIRECTOR	1.00	Director	$0	$0	$0
GARY HAHN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
PENNY PETERS	DIRECTOR	1.00	Director	$0	$0	$0
SARA POE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SZUCS	DIRECTOR	1.00	Director	$0	$0	$0
OLGA LUZ TIRADO	DIRECTOR	1.00	Director	$0	$0	$0
KELLY ANN CURTIN	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
GREG LADUCA	VICE CHAIR/ELECT	1.00	Officer Director	$0	$0	$0
HILLARIE LOGAN-DUCHENE	VICE CHAIR/ADVOCACY	1.00	Officer Director	$0	$0	$0
COREY FRAM	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN PERCY	VICE CHAIR/AT LARGE	1.00	Officer Director	$0	$0	$0
STEPHANIE JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
CASSANDRA HARRINGTON	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT PROVOST	PRESIDENT & CEO	10.00	Officer	$14,500	$0	$14,500

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	$1,074,706	$1,207,926	$604,590	$-133,220
2022	$825,802	$810,540	$543,361	$15,262
2021	$347,813	$338,237	$391,899	$9,576
2020	$738,333	$773,172	$367,072	$-34,839
2019	$1,138,992	$1,142,469	$799,122	$-3,477
2018	$710,336	$732,021	$908,327	$-21,685

NEW YORK STATE TOURISM INDUSTRY ASSOCIATION INC