WASHBURN COUNTY TOURISM ASSOC INC (EIN 391518092) - 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

1985

Legal Domicile

Principal Officer

MAUREEN HOFFMAN

Phone

7156359696

Tax Period

2024-01-01 to 2024-12-31

WASHBURN COUNTY TOURISM ASSOC INC, founded in 1985, is a small nonprofit that reported $285K in total revenue in fiscal year 2024. Expenses of $261K left a modest 8% surplus.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO INCREASE TOURISM & ECONOMIC DEVELOPMENT TO WASHBURN COUNTY

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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 $214,756

Program Service Revenue $62,324

Investment Income $969

Other Revenue $7,087

TOTAL REVENUE $285,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,017

Fundraising Expenses $0

Program Expenses $195,554

Other Expenses $140,084

TOTAL EXPENSES $261,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,136	$281,108	+0.0%
Expenses	$261,101	$262,583	0.0%
Net Income	$24,035	$18,525	+0.3%

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
NIKKI JANISIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE CHURCHILL	BOARD MEMBER	1.00	Director	$0	$0	$0
MAUREEN HOFFMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE JANETSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON PAINE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JILL DUNLAVY	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINA THOMPSON	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE VOIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE HOY	COUNTY REPRESENTATIVE	1.00	Director	$0	$0	$0
TIM KESSLER	EX-OFFICIO MEMBER	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	$285,136	$261,101	$165,369	$24,035
2023	$281,108	$262,583	$145,764	$18,525
2022	$306,310	$293,130	$124,846	$13,180
2021	$220,228	$240,347	$116,205	$-20,119
2020	$227,387	$216,632	$153,603	$10,755
2019	$230,883	$222,669	$120,186	$8,214
2018	$256,102	$249,313	$112,415	$6,789

WASHBURN COUNTY TOURISM ASSOC INC