THE CORPORATION FOR TRAVEL PROMOTION (EIN 364681868) - 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

2010

Legal Domicile

Principal Officer

FRED DIXON

Phone

2025362060

Tax Period

2023-10-01 to 2024-09-30

THE CORPORATION FOR TRAVEL PROMOTION, founded in 2010, is a major nonprofit in the Community Improvement sector that reported $224.5M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $254.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE CEO RECEIVED LIMITED HOUSING ALLOWANCE ACCORDING TO THEIR EMPLOYMENT AGREEMENT, WHICH WAS REPORTED AS TAXABLE COMPENSATION ON THE W-2. THE CEO WAS REIMBURSED FOR A COMPANION'S TRAVEL EXPENSES FOR SELECT BUSINESS TRIPS DURING THE FISCAL YEAR. THESE EXPENSES WERE PRE-APPROVED BY THE BOARD OF DIRECTORS.

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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 $213,608,422

Program Service Revenue $1,119,724

Investment Income $9,813,881

Other Revenue $4,250

TOTAL REVENUE $224,546,277

Expense Breakdown

Grants Paid $30,500

Salaries & Benefits $16,070,944

Fundraising Expenses $0

Other Expenses $238,697,428

TOTAL EXPENSES $254,798,872

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,546,277	$175,731,963	+0.3%
Expenses	$254,798,872	$183,560,698	+0.4%
Net Income	$-30,252,595	$-7,828,735	+2.9%

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

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

$1,369,240

Total Directors

Key Employees

$727,904

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD DAVIDSON	CHAIR	4.00	Officer Director	$0	$0	$0
DONALD MOORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEIKO M ORRALL UNTIL 0124	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ELLIOTT FERGUSON	TREASURER	1.00	Officer Director	$0	$0	$0
ALLEN ORR	SECRETARY	1.00	Officer Director	$0	$0	$0
NOEL I HENSCHEL UNTIL 0124	SECRETARY	1.00	Officer Director	$0	$0	$0
LAUREN BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN ESPOSITO	DIRECTOR	1.00	Director	$0	$0	$0
MARK HOPLAMAZIAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM MAPES	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MANGEOT AS OF 0124	DIRECTOR	1.00	Director	$0	$0	$0
HARI NAIR AS OF 0124	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER L THOMPSON	CEO & PRESIDENT	40.00	Officer	$810,260	$23,994	$834,254
DONALD F RICHARDSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$498,401	$36,585	$534,986
AARON WODINSCHWARTZ	CHIEF CORPORATE AFFAIRS OFFICER	40.00	Key Emp	$354,274	$32,602	$386,876
STACI MELLIMAN	CHIEF MKTG OFFICER	40.00	Key Emp	$323,857	$17,171	$341,028
JOHN O CONTE	SVP, GENERAL COUNSEL	40.00	Highest	$286,168	$19,048	$305,216
MARK LAPIDUS	VP, CONTENT & MARKETING TECHNOLOGY	40.00	Highest	$266,005	$31,127	$297,132
MING SUEY NEWCOMB	VP, FINANCE & ACCOUNTING	40.00	Highest	$270,182	$21,929	$292,111
CASSADY BAILEY	VP, PARTNER ENGAGEMENT & MARKETING	40.00	Highest	$262,203	$21,566	$283,769
ROSINA BARBASTEFANO	SEN DIRECTOR, INSIGHTS & ANALYTICS	40.00	Highest	$258,141	$44,943	$303,084
THOMAS J GARZILLI	FORMER CHIEF MKTG OFFICER	40.00		$433,886	$23,201	$457,087

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	$224,546,277	$254,798,872	$392,563,060	$-30,252,595
2023	$175,731,963	$183,560,698	$453,274,623	$-7,828,735
2022	$330,030,939	$91,449,290	$393,379,443	$238,581,649
2021	$50,300,586	$37,015,137	$155,155,340	$13,285,449
2020	$75,249,330	$94,240,260	$133,917,372	$-18,990,930
2019	$167,968,436	$154,959,279	$180,353,565	$13,009,157
2018	$134,985,497	$148,562,345	$163,660,220	$-13,576,848

THE CORPORATION FOR TRAVEL PROMOTION