FIRST CAPITOL TOURISM DEVELOPMENT (EIN 263753912) - 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

2008

Legal Domicile

Principal Officer

MICHAEL WISEMAN

Phone

8127340581

Tax Period

2024-01-01 to 2024-12-31

FIRST CAPITOL TOURISM DEVELOPMENT, founded in 2008, is a small nonprofit that reported $909K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

TOURISM MARKETING

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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 $907,200

Investment Income $0

Other Revenue $1,414

TOTAL REVENUE $908,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,054

Fundraising Expenses $0

Program Expenses $833,271

Other Expenses $680,620

TOTAL EXPENSES $1,023,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$908,614	$912,392	0.0%
Expenses	$1,023,674	$959,126	+0.1%
Net Income	$-115,060	$-46,734	+1.5%

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

$103,440

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WISEMAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
CLAUDIA YUNDT	TREASURER	4.00	Officer Director	$0	$0	$0
SCOTT FLUHR	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
RACHEL KITTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG ENGLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY YACKLE	EXECUTIVE DIRECTOR	40.00	Officer	$97,090	$6,350	$103,440

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	$908,614	$1,023,674	$500,375	$-115,060
2023	$912,392	$959,126	$615,435	$-46,734
2022	$863,594	$790,240	$662,169	$73,354
2021	$942,876	$648,907	$588,815	$293,969
2020	$773,024	$694,675	$294,846	$78,349
2019	$886,762	$994,628	$216,497	$-107,866
2018	$982,159	$1,021,684	$324,363	$-39,525

FIRST CAPITOL TOURISM DEVELOPMENT