LAWRENCE COUNTY TOURIST PROMOTION AGENCY INC (EIN 251791317) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

JANET FALOTICO

Phone

7246548408

Tax Period

2024-01-01 to 2024-12-31

LAWRENCE COUNTY TOURIST PROMOTION AGENCY INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $425K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

TO DRIVE AWARENESS AND ENGAGEMENT IN LAWRENCE COUNTY AS A GROWING DESTINATION TO LIVE, WORK, AND VISIT.

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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 $406,033

Program Service Revenue $12,879

Investment Income $6,108

Other Revenue $0

TOTAL REVENUE $425,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,428

Fundraising Expenses $19,846

Program Expenses $383,284

Other Expenses $306,532

TOTAL EXPENSES $466,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$425,020	$557,482	-0.2%
Expenses	$466,960	$507,081	-0.1%
Net Income	$-41,940	$50,401	-1.8%

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

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

$128,729

Total Directors

$128,729

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON ELLIOTT	PRESIDENT	001.00	Director	$0	$0	$0
JONATHAN WRIGHT	VICE PRESIDENT	001.00	Director	$0	$0	$0
CASSIE YEAGER	TREASURER	001.00	Director	$0	$0	$0
KYLENE KAMENSKY	SECRETARY	001.00	Director	$0	$0	$0
MELISSA MAIELLA	BOARD MEMBER	001.00	Director	$0	$0	$0
JANET FALOTICO	EXECUTIVE DIRECTOR	040.00	Officer Director	$66,129	$11,056	$77,185
GINNY JACOB COLELLA	ASSISTANT DIRECTOR	040.00	Officer Director	$49,326	$2,218	$51,544
BRIAN FLORES	BOARD MEMBER	001.00	Director	$0	$0	$0
ERIC FRANCIS	BOARD MEMBER	001.00	Director	$0	$0	$0
DENNIS GARRETT	BOARD MEMBER	001.00	Director	$0	$0	$0
DAVE HUNTER	BOARD MEMBER	001.00	Director	$0	$0	$0
JIM MCKIM	BOARD MEMBER	001.00	Director	$0	$0	$0
JENNA REIBER	BOARD MEMBER	001.00	Director	$0	$0	$0
GWEN RENO	BOARD MEMBER	001.00	Director	$0	$0	$0
CHRIS SAINATO	BOARD MEMBER	001.00	Director	$0	$0	$0
JUDI SPEARS	BOARD MEMBER	001.00	Director	$0	$0	$0
RYAN MCCANDLESS	BOARD MEMBER	001.00	Director	$0	$0	$0
BEN BUSH	BOARD MEMBER	001.00	Director	$0	$0	$0
TOM MCKINLEY	BOARD MEMBER	001.00	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	$425,020	$466,960	$410,073	$-41,940
2023	$557,482	$507,081	$452,962	$50,401
2022	$370,325	$340,464	$401,767	$29,861
2021	$380,154	$357,996	$371,391	$22,158
2020	$323,578	$265,675	$348,599	$57,903
2019	$348,865	$259,258	$291,213	$89,607
2018	$305,886	$290,248	$201,524	$15,638

LAWRENCE COUNTY TOURIST PROMOTION AGENCY INC