Indiana Hospitality & Tourism Foun… - 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

1997

Legal Domicile

Principal Officer

Tom Johnson

Phone

3176734200

Tax Period

2020-01-01 to 2020-12-31

Indiana Hospitality & Tourism Foundation Inc, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $237K in total revenue in fiscal year 2020. The organization ran a surplus of $41K, a strong 17% operating margin.

Mission

Help educate and train individuals for the hospitality and tourism industry. Provide emergency assistance & hardship relief programs.

Program Service Accomplishments

Program 1

Expenses: $162,470 Revenue: $0

Provide relief grants to displaced hospitality workers

Program 2

Expenses: $20,204 Revenue: $0

Prostart provides culinary arts to high school students.

Program 3

Expenses: $3,831 Revenue: $0

Administrative expenses to allow the organization to directly accomplish task related the organizations mission.

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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 (2020)

Revenue Breakdown

Contributions & Grants $208,729

Program Service Revenue $27,894

Investment Income $0

Other Revenue $0

TOTAL REVENUE $236,623

Expense Breakdown

Grants Paid $155,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,505

Other Expenses $40,479

TOTAL EXPENSES $195,479

Year-over-Year Comparison

	2020	2019	Change
Revenue	$236,623	N/A	N/A
Expenses	$195,479	N/A	N/A
Net Income	$41,144	N/A	N/A

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Dora Jr	Chairman	4.00	Officer	$0	$0	$0
Rob Chinsky	Vice Chairman	4.00	Officer	$0	$0	$0
Patrick Tamm	President	4.00	Officer	$0	$0	$0
Kelly Ford	Treasurer	4.00	Officer	$0	$0	$0
Tom Johnson	Chief Financial Officer	4.00	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
2020	$236,623	$195,479	$106,158	$41,144

Indiana Hospitality & Tourism Foundation Inc