WATKINS GLEN PROMOTIONS INC

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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

1994

Legal Domicile

Principal Officer

STACY HUSTED

Phone

6075353003

Tax Period

2023-01-01 to 2023-12-31

WATKINS GLEN PROMOTIONS INC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $246K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $224K left a modest 9% surplus.

Mission

TO FOSTER THE GENERAL ECONOMIC, SOCIAL AND COMMUNITY WELL-BEING AND TO ENHANCE THE QUALITY OF LIFE OF THE VILLAGES OF WATKINS GLEN, MONTOUR FALLS AND SCHUYLER COUNTY.

Program Service Accomplishments

Program 1

Expenses: $149,917 Revenue: $204,659

ORGANIZED COUNTY WIDE FESTIVALS AND EVENTS, OPEN TO THE PUBLIC, CELEBRATING THE AREA'S ROAD RACING HISTORY AND BEAUTIFUL WATERFRONT. PROMOTES THE WATKINS GLEN/MONTOUR FALLS AREA TO VISITORS AND...

ORGANIZED COUNTY WIDE FESTIVALS AND EVENTS, OPEN TO THE PUBLIC, CELEBRATING THE AREA'S ROAD RACING HISTORY AND BEAUTIFUL WATERFRONT. PROMOTES THE WATKINS GLEN/MONTOUR FALLS AREA TO VISITORS AND BUSINESSES.

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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 $40,000

Program Service Revenue $160,335

Investment Income $1,340

Other Revenue $44,324

TOTAL REVENUE $245,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,287

Fundraising Expenses $0

Program Expenses $149,917

Other Expenses $140,981

TOTAL EXPENSES $224,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$245,999	$197,234	+0.2%
Expenses	$224,268	$184,506	+0.2%
Net Income	$21,731	$12,728	+0.7%

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

200

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

$52,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIANNE MARTS	DIRECTOR	1.00	Director	$0	$0	$0
STACY HUSTED	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIDGETTE STEWART	SECRETARY	1.00	Officer Director	$0	$0	$0
CHELSEA STAMP	TREASURER	1.00	Officer Director	$0	$0	$0
TOM SEEM	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MILLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURIE DENARDO	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAELA L CHRISTENSEN	EXECUTIVE DIRECTOR	40.00	Officer	$52,490	$0	$52,490

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	$245,999	$224,268	$181,612	$21,731
2022	$197,234	$184,506	$169,174	$12,728
2021	$184,934	$151,830	$146,245	$33,104