Greater Philadelphia Hotel Associa… - 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

1988

Legal Domicile

Principal Officer

EDWARD R GROSE

Phone

2155571900

Tax Period

2023-01-01 to 2023-12-31

Greater Philadelphia Hotel Association, founded in 1988, is a small nonprofit that reported $386K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE GREATER PHILADELPHIA HOTEL ASSOCIATION (GPHA) IS TO FOSTER INCREASED PROFITABILITY IN MEMBER HOTELS THROUGH INCREASED ROOM NIGHTS, HIGHER AVERAGE DAILY RATE, AND HIGHER REVENUE PER AVAILABLE ROOM (REVPAR).

Program Service Accomplishments

Program 1

GPHA represented the Philadelphia hotel industry and continued to maintain the relationship with the City of Philadelphia. The main focus was the mayoral election taking place in 2023.

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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 $285,973

Investment Income $22,191

Other Revenue $78,092

TOTAL REVENUE $386,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $392,774

TOTAL EXPENSES $392,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,256	$305,671	+0.3%
Expenses	$392,774	$408,902	0.0%
Net Income	$-6,518	$-103,231	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED BATAN	PRESIDENT	1.0	Officer Director	$0	$0	$0
ANGELA BAUER	FIRST VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
John Fricke	SECOND VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
Matt Nelson	Treasurer	1.0	Officer Director	$0	$0	$0
Carol Watson	Secretary	1.0	Officer Director	$0	$0	$0
EDWARD R GROSE ALTA MGMT SV	EXECUTIVE DIRECTOR	50.0	Officer	$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	$386,256	$392,774	$369,616	$-6,518
2022	$305,671	$408,902	$302,989	$-103,231
2021	$302,427	$374,585	$436,824	$-72,158
2020	$257,297	$356,994	$452,084	$-99,697
2019	$412,939	$375,515	$553,427	$37,424
2018	$412,393	$421,638	$510,713	$-9,245

Greater Philadelphia Hotel Association