KANSAS CITY REGIONAL DESTINATION D… - 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

2007

Legal Domicile

Principal Officer

CINDY CIRCO

Phone

8166913800

Tax Period

2023-01-01 to 2023-12-31

KANSAS CITY REGIONAL DESTINATION DEVELOP MENT FOUNDATION, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $470K in total revenue in fiscal year 2023. Expenses of $430K left a modest 9% surplus.

Mission

THE FOUNDATION ENHANCES THE QUALITY OF LIFE FOR THE KANSAS CITY REGION THROUGH TOURISM ADVOCACY AND WORKFORCE DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $429,842

THE ANNUAL KANSAS CITY RESTAURANT WEEK (KCRW) PROGRAM WAS DEVELOPED IN PARTNERSHIP WITH THE GREATER KANSAS CITY RESTAURANT ASSOCIATION TO SHOWCASE RESTAURANTS TO LOCAL RESIDENTS AND VISITORS OVER A 10-DAY PERIOD. THE KCRW 2023 PROMOTION HIGHLIGHTED DINING VIA 218 PARTICIPATING RESTAURANTS (34 W/MBE) AND GIVING BACK TO CHARITIES DEDICATED TO IMPROVING OUR COMMUNITY WITH SERVICE AND EDUCATIONAL OPPORTUNITIES IN THE HOSPITALITY COMMUNITY.

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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 $882,648

Program Service Revenue $0

Investment Income $11,027

Other Revenue $-423,200

TOTAL REVENUE $470,475

Expense Breakdown

Grants Paid $334,054

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $429,842

Other Expenses $95,788

TOTAL EXPENSES $429,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$470,475	$466,471	+0.0%
Expenses	$429,842	$306,213	+0.4%
Net Income	$40,633	$160,258	-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

N/A

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

$490,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL MERLO	DIRECTOR	1.00	Director	$0	$0	$0
PAT MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PISTILLI	DIRECTOR	1.00	Director	$0	$0	$0
MARIA SALCEDO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
CICI ROJAS	DIRECTOR	1.00	Director	$0	$0	$0
KELI ONEILL	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE PRENGER	VICE CHAIR/SEC./TREAS.	1.00	Officer Director	$0	$0	$0
CINDY CIRCO	CHAIR	1.00	Officer Director	$0	$0	$0
KATHY NELSON	PRESIDENT AND CEO	2.00	Officer	$0	$9,754	$281,954
RANDALL LANDES	VP OF FINANCE AND CFO	5.00	Officer	$0	$14,354	$208,123

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	$470,475	$429,842	$738,899	$40,633
2022	$466,471	$306,213	$766,853	$160,258
2021	$330,344	$280,096	$495,557	$50,248
2020	$260,717	$412,634	$589,630	$-151,917
2019	$482,411	$373,618	$567,448	$108,793
2018	$550,083	$514,361	$462,839	$35,722

KANSAS CITY REGIONAL DESTINATION DEVELOP MENT FOUNDATION