TRAVEL AND TOURISM RESEARCH ASSOCI… - 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

1974

Legal Domicile

Principal Officer

KATHLEEN PALMER

Phone

2487088872

Tax Period

2023-01-01 to 2023-12-31

TRAVEL AND TOURISM RESEARCH ASSOCIATION INC, founded in 1974, is a small nonprofit that reported $823K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE AND ENCOURAGE GROWTH IN TOURISM RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $674,954 Revenue: $591,267

CONFERENCES PROVIDED ASSOCIATION MEMBERS WITH OPPORTUNITIES TO NETWORK AND TO SHARE RESEARCH AMONGST THEMSELVES AND WITH THE ACADEMIC COMMUNITY IN CONNECTION WITH TOPICS RELATED TO: SIGNIFICANT...

CONFERENCES PROVIDED ASSOCIATION MEMBERS WITH OPPORTUNITIES TO NETWORK AND TO SHARE RESEARCH AMONGST THEMSELVES AND WITH THE ACADEMIC COMMUNITY IN CONNECTION WITH TOPICS RELATED TO: SIGNIFICANT INNOVATIONS, TRENDS, AND MARKETING PATTERNS IN THE TRAVEL INDUSTRY.

Program 2

Expenses: $6,090 Revenue: $260

THE ORGANIZATION PROVIDED VARIOUS PUBLICATIONS TO ITS MEMBERS SUCH AS THE JOURNAL OF TRAVEL RESEARCH, MEMBERSHIP DIRECTORIES, AND ANNUAL CONFERENCE PROCEEDINGS.

Program 3

Expenses: $20,004

MEMBERSHIP PROGRAMS PROVIDED MEMBERS WITH AN ONLINE MEMBERS-ONLY RESEARCH DATABASE, ACCESS TO A MEMBERS-ONLY E-MAIL LISTSERVE, FREE PUBLICATIONS, AND DISCOUNTS ON ANNUAL CONFERENCE FEES.

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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 $209,634

Program Service Revenue $591,527

Investment Income $20,024

Other Revenue $2,217

TOTAL REVENUE $823,402

Expense Breakdown

Grants Paid $21,363

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $717,836

Other Expenses $797,612

TOTAL EXPENSES $818,975

Year-over-Year Comparison

	2023	2022	Change
Revenue	$823,402	$674,369	+0.2%
Expenses	$818,975	$639,510	+0.3%
Net Income	$4,427	$34,859	-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
SHEILA FLANAGAN	MOF CHAIR	10.00	Officer Director	$0	$0	$0
JOHN MARKHAM	CO-TREASURER	5.00	Officer Director	$0	$0	$0
CHARLES GOELDNER	DIRECTOR	5.00	Director	$0	$0	$0
NATE GIERYN	FORMER CHAIR	5.00	Officer Director	$0	$0	$0
SCOTT RUSSELL	CO-TREASURER	5.00	Officer Director	$0	$0	$0
ESRA CALVERT	CHAIR	5.00	Officer Director	$0	$0	$0
MICHAEL RUDOWSKI	PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIK EVJEN	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER GRISWOLD	DIRECTOR	5.00	Director	$0	$0	$0
LYNNE COXWELL	2ND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
STATIA ELLIOT	DIRECTOR	5.00	Director	$0	$0	$0
SEAN RUANE	1ST VP/CONFERENCE CHAIR	5.00	Officer Director	$0	$0	$0
ANNA BLOUNT	DIRECTOR	10.00	Director	$0	$0	$0
CHELSEA BENITEZ	DIRECTOR	5.00	Director	$0	$0	$0
JEFF DALLEY	DIRECTOR	5.00	Director	$0	$0	$0
HEATH DILLARD	CHAPTER LIAISON	5.00	Officer Director	$0	$0	$0
ROBERT LI	DIRECTOR	5.00	Director	$0	$0	$0
LAUREN PHILLIPS	DIRECTOR	5.00	Director	$0	$0	$0
MICHEL DUBREUIL	DIRECTOR	5.00	Director	$0	$0	$0
LADAN GHAHRAMANI	DIRECTOR	5.00	Director	$0	$0	$0
SVETLANA STEPCHENKOVA	DIRECTOR	5.00	Director	$0	$0	$0
KIM WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER CHUN	DIRECTOR	5.00	Director	$0	$0	$0
WHITNEY KNOLLENBERG	DIRECTOR	5.00	Director	$0	$0	$0
KATHLEEN PALMER	EXECUTIVE DIRECTOR	40.00	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	$823,402	$818,975	$838,454	$4,427
2022	$674,369	$639,510	$620,434	$34,859
2021	$342,892	$389,442	$826,066	$-46,550
2020	$330,627	$328,801	$578,125	$1,826
2019	$707,104	$751,128	$459,458	$-44,024
2018	$710,420	$760,330	$447,533	$-49,910

TRAVEL AND TOURISM RESEARCH ASSOCIATION INC