FINGER LAKES REGIONAL TOURISM COUNCIL INC (EIN 160842436) - 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

2014

Legal Domicile

Principal Officer

JEFF SHIPLEY

Phone

5854848844

Tax Period

2023-01-01 to 2023-12-31

FINGER LAKES REGIONAL TOURISM COUNCIL INC, founded in 2014, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 7% surplus.

Mission

TO IMPROVE THE QUALITY OF LIFE IN THE GREATER FINGER LAKES REGION OF THE STATE OF NEW YORK BY PROMOTING, ENCOURAGING AND FOSTERING THE PUBLIC'S KNOWLEDGE OF AND INTEREST IN SAID REGION. EDUCATING THE GENERAL PUBLIC ABOUT RECREATIONAL, CULTURAL, EDUCATIONAL, HISTORIC, AGRICULTURAL, INDUSTRIAL AND COMMERCIAL OPPORTUNITIES AND EXPERIENCES IN THE REGION AND ADVOCATING FOR ENHANCED PUBLIC AWARENESS OF AND GREATER FINANCIAL SUPPORT FOR THE IMPROVEMENT OF THE QUALITY OF LIFE IN THE REGION.

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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 $94,538

Program Service Revenue $1,037,162

Investment Income $108

Other Revenue $0

TOTAL REVENUE $1,131,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $993,486

Other Expenses $1,052,075

TOTAL EXPENSES $1,052,075

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,131,808	$776,796	+0.5%
Expenses	$1,052,075	$722,288	+0.5%
Net Income	$79,733	$54,508	+0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CHRISTINE WORTH	IMMEDIATE PAST CHAIR	Officer Director	$0	$0	$0
CYNTHIA RAJ	DIRECTOR	Director	$0	$0	$0
PEGGY COLEMAN	DIRECTOR	Director	$0	$0	$0
RACHEL LABER PULVINO	DIRECTOR	Director	$0	$0	$0
MELISSA HUGHES	DIRECTOR	Director	$0	$0	$0
REBECCA MAFFEI	DIRECTOR	Director	$0	$0	$0
VALERIE KNOBLAUCH	DIRECTOR	Director	$0	$0	$0
JESSICA BACHER	SECRETARY	Officer Director	$0	$0	$0
JEFF SHIPLEY	CHAIR	Officer Director	$0	$0	$0
CAROL EATON	DIRECTOR	Director	$0	$0	$0
KAREN KUHL	TREASURER	Officer Director	$0	$0	$0
KEVIN PETERSON	DIRECTOR	Director	$0	$0	$0
MICHELLE ENRIGHT	DIRECTOR	Director	$0	$0	$0
NIGAR HALE	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$1,131,808	$1,052,075	$534,825	$79,733
2022	$776,796	$722,288	$362,130	$54,508
2021	$498,421	$453,435	$307,622	$44,986
2020	$697,918	$646,056	$262,636	$51,862
2019	$876,697	$904,598	$239,649	$-27,901
2018	$786,021	$739,080	$226,303	$46,941

FINGER LAKES REGIONAL TOURISM COUNCIL INC