TOURISM-RECREATION INVESTMENT PARTNERSHIP OF DAVID (EIN 260172492) - 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

2016

Legal Domicile

Principal Officer

CHRIS PHELPS

Phone

3362500243

Tax Period

2024-07-01 to 2025-06-30

TOURISM-RECREATION INVESTMENT PARTNERSHIP OF DAVID, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $120K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $143K exceeded revenue, resulting in a 20% operating deficit.

Mission

TOURISM AND RECREATION ASSET AND PUBLIC ASSESS DEVELOPMENT

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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 $0

Program Service Revenue $119,621

Investment Income $0

Other Revenue $0

TOTAL REVENUE $119,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,166

Fundraising Expenses $0

Program Expenses $135,427

Other Expenses $64,050

TOTAL EXPENSES $143,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,621	$137,307	-0.1%
Expenses	$143,216	$163,456	-0.1%
Net Income	$-23,595	$-26,149	-0.1%

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

$79,166

Total Directors

$79,166

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS PHELPS	EXECUTIVE DIRECTOR	40.00	Officer Director	$79,166	$0	$79,166
DREW NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE HARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
CAITLYN WILLIAMS-COLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GUY CORNMAN	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
JIM MYERS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MARSHBURN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WEATHERLY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CORY TOBIN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHEAL FULK	DIRECTOR	1.00	Director	$0	$0	$0
LAURA DURAN	DIRECTOR	1.00	Director	$0	$0	$0
MATT MIZELL	DIRECTOR	1.00	Director	$0	$0	$0
JILL SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MORRIS	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN PUCKETT	TREASURER	1.00	Officer 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
2025	$119,621	$143,216	$87,731	$-23,595
2024	$137,307	$163,456	$112,940	$-26,149
2023	$146,474	$126,413	$139,089	$20,061
2022	$126,400	$120,535	$119,028	$5,865
2021	$374,800	$315,410	$113,163	$59,390

TOURISM-RECREATION INVESTMENT PARTNERSHIP OF DAVID