Drummond Island Tourism Association (EIN 383240558) - 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

1994

Legal Domicile

Principal Officer

Dawn M Gibbons

Phone

9064935245

Tax Period

2024-01-01 to 2024-12-31

Drummond Island Tourism Association, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $338K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

To Promote Drummond Island Tourism via website, magazine, and other publications. To serve visitors to Drummond Island by maintaining a welcome center.

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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 $11,040

Program Service Revenue $318,344

Investment Income $8,653

Other Revenue $416

TOTAL REVENUE $338,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,500

Fundraising Expenses $0

Program Expenses $266,086

Other Expenses $225,985

TOTAL EXPENSES $342,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,453	$385,358	-0.1%
Expenses	$342,485	$373,392	-0.1%
Net Income	$-4,032	$11,966	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Depaul	President	2.00	Officer	$0	$0	$0
Michelle Woods	Vice President	1.00	Officer	$0	$0	$0
Blaine Tischer	Secretary	1.00	Officer	$0	$0	$0
Dawn Gibbons	Treasurer	2.00	Officer	$0	$0	$0
Dennis Bailey	Director	1.00	Director	$0	$0	$0
Amy Bernhard	Director	1.00	Director	$0	$0	$0
Adam and Mindy Redd	Director	1.00	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	$338,453	$342,485	$953,920	$-4,032
2023	$385,358	$373,392	$984,928	$11,966
2022	$234,682	$225,800	$982,365	$8,882
2021	$277,052	$204,319	$992,013	$72,733

Drummond Island Tourism Association