BURBANK HOSPITALITY ASSOCIATION

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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

2011

Legal Domicile

Principal Officer

MICHAEL HERNANDEZ

Phone

8182385169

Tax Period

2024-07-01 to 2025-06-30

BURBANK HOSPITALITY ASSOCIATION, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

BURBANK HOSPITALITY ASSOCIATION IS A SELF-IMPOSED SPECIAL BENEFIT ASSESSMENT DISTRICT DESIGNED TO HELP LEVERAGE FUNDS TO MARKET AND PROMOTE BURBANK AS A FIRST RATE TOURIST DESTINATION. SPEARHEADED BY BURBANK HOTELIERS, THE ORGANIZATION IS COMPRISED OF 18 HOTELS WITH 2,719 ROOMS OR MORE AND GOVERNED BY A BOARD OF DIRECTORS THAT REPRESENTS THE DIVERSE MAKE-UP OF THE HOSPITALITY INDUSTRY. 55% OF THE ANNUAL OPERATING BUDGET IS PROGRAMMED FOR MARKETING AND PROMOTIONS TO ULTIMATELY ATTRACT MORE VISITORS TO BURBANK AND INCREASE HOTEL OCCUPANCY RATES. AN INCREASE IN VISITORS AND HOTEL OCCUPANCY RATES WILL IN RETURN CREATE A MULTIPLIER OR "RIPPLE EFFECT", WITH VISITORS SPENDING THEIR DOLLARS AT LOCAL RESTAURANTS, RETAILERS AND THEATRES.

Program Service Accomplishments

Program 1

Expenses: $967,381

MARKETING AND PROMOTIONS TO ULTIMATELY ATTRACT MORE VISITORS TO BURBANK AND INCREASE HOTEL OCCUPANCY RATES. MAINTAIN THE WWW.VISITBURBANK.COM TOURISM WEBSITE, NATIONAL AD CAMPAIGN THROUGHOUT...

MARKETING AND PROMOTIONS TO ULTIMATELY ATTRACT MORE VISITORS TO BURBANK AND INCREASE HOTEL OCCUPANCY RATES. MAINTAIN THE WWW.VISITBURBANK.COM TOURISM WEBSITE, NATIONAL AD CAMPAIGN THROUGHOUT CALIFORNIA AND THE NORTH WEST.

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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 $1,198,598

Investment Income $31,260

Other Revenue $0

TOTAL REVENUE $1,229,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $967,381

Other Expenses $1,265,369

TOTAL EXPENSES $1,265,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,229,858	$1,321,697	-0.1%
Expenses	$1,265,369	$1,386,910	-0.1%
Net Income	$-35,511	$-65,213	-0.5%

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

N/A

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
TONY GARIBIAN	CHAIR	0.50	Director	$0	$0	$0
MICHAEL HERNANDEZ	VICE CHAIR	0.50	Director	$0	$0	$0
JAMIE KEYSER	SECRETARY	0.50	Director	$0	$0	$0
DANNY KAHN	TREASURER	0.50	Director	$0	$0	$0
DAVID LURIE	BOARD MEMBER	0.50	Director	$0	$0	$0
NERISSA SUGARS	BOARD MEMBER	0.50	Director	$0	$0	$0
KRISTIN PERRY	BOARD MEMBER	0.50	Director	$0	$0	$0
FATIMA ACHHAL	BOARD MEMBER	0.50	Director	$0	$0	$0
ALAN TATE	BOARD MEMBER	0.50	Director	$0	$0	$0
ALI SCHMIDT	BOARD MEMBER	0.50	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
2025	$1,229,858	$1,265,369	$1,035,771	$-35,511
2024	$1,321,697	$1,386,910	$1,172,542	$-65,213
2023	$1,142,784	$1,024,464	$1,237,755	$118,320
2022	$1,172,588	$815,937	$1,119,435	$356,651
2021	$470,779	$493,607	$771,109	$-22,828
2020	$1,003,550	$1,061,820	$793,937	$-58,270
2019	$1,223,773	$931,433	$852,207	$292,340