BRECKENRIDGE TOURISM OFFICE

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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

1971

Legal Domicile

Principal Officer

MATT VAWTER

Phone

9704532913

Tax Period

2024-01-01 to 2024-12-31

BRECKENRIDGE TOURISM OFFICE, founded in 1971, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $5.3M left a modest 7% surplus.

Mission

TO ENHANCE AND PROMOTE THE UNIQUE CHARACTER AND EXPERIENCE OF BRECKENRIDGE AS A WORLD-RENOWNED DESTINATION RESORT, AND TO REPRESENT, SERVE AND PERPETUATE THE COMMON INTEREST OF ITS MEMBERSHIP AND COMMUNITY.

Program Service Accomplishments

Program 1

DESTINATION MARKETING ORGANIZATION FOR THE TOWN OF BRECKENRIDGE. SERVICES APPROXIMATELY 1,000 BUSINESS LICENSE HOLDERS. BTO IS PRIMARILY RESPONSIBLE FOR DESTINATION (OUT OF STATE) TOURISM MARKETING FOR THE TOWN OF BRECKENRIDGE, PRODUCING EVENTS FOR LOCAL RESIDENTS AND GUESTS, AND ASSISTS LOCAL BUSINESSES WITH MARKETING AND SERVICE RESEARCH AND SOME TRAINING. THE BTO PROVIDES BI-WEEKLY LODGING DATA, PERIODIC GUEST SERVICES AND DEMOGRAPHIC DATA, AS WELL AS MARKETING INITIATIVE RESULTS. THE BTO PRODUCES A FORMAL ANNUAL MEETING AND ANNUAL REPORT, INCLUDING FINANCIALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,960,461

Program Service Revenue $735,167

Investment Income $9,058

Other Revenue $3,944

TOTAL REVENUE $5,708,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,597,181

Fundraising Expenses $0

Other Expenses $3,720,731

TOTAL EXPENSES $5,317,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,708,630	$5,257,523	+0.1%
Expenses	$5,317,912	$5,084,178	+0.0%
Net Income	$390,718	$173,345	+1.3%

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

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

$216,934

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCY KAY	CEO	40.00	Officer	$197,650	$19,284	$216,934
WILLIAM WISHOWSKI	DIR OF OPERA	40.00	Highest	$106,209	$19,533	$125,742
MATT VAWTER	CHAIR	1.00	Officer Director	$0	$0	$0
BRUCE HORII	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID HUGHES	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
DICK CARLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA LOCOCO	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY WOLFE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTY BUTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SHIPLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM WEST	BOARD MEMBER	1.00	Director	$0	$0	$0
ABBEY BROWNE	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAVIS BECK	CHAIR	1.00	Officer Director	$0	$0	$0
MEG LASS	BOARD MEMBER	1.00	Director	$0	$0	$0
HILARY WARNER	BOARD MEMBER	1.00	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	$5,708,630	$5,317,912	$2,236,442	$390,718
2023	$5,257,523	$5,084,178	$1,851,732	$173,345
2022	$5,001,426	$4,926,112	$1,428,697	$75,314
2021	$4,564,616	$4,385,444	$1,322,141	$179,172
2020	$4,066,977	$3,938,193	$1,119,615	$128,784
2019	$5,788,742	$5,681,424	$1,140,818	$107,318
2018	$5,569,849	$5,577,162	$1,237,703	$-7,313