DESTINATION MARKETING CORPORATION FOR OTSEGO COUNTY (EIN 465048341) - 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

2014

Legal Domicile

Phone

6073224046

Tax Period

2023-01-01 to 2023-12-31

DESTINATION MARKETING CORPORATION FOR OTSEGO COUNTY, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023.

Mission

To promote Otsego and Schoharie Counties as a tourism destinantion, which stimulates the local economy by generating tax revenues

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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 $132,049

Program Service Revenue $910,947

Investment Income $1,978

Other Revenue $153,523

TOTAL REVENUE $1,198,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,214

Fundraising Expenses $0

Program Expenses $1,069,711

Other Expenses $926,956

TOTAL EXPENSES $1,178,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,198,497	$1,230,357	0.0%
Expenses	$1,178,170	$1,234,466	0.0%
Net Income	$20,327	$-4,109	-5.9%

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

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

$86,119

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cassandra Harrington	President & CEO	40.00	Officer	$86,119	$0	$86,119
SCOT MONDORE	Treasurer	1.00	Officer Director	$0	$0	$0
MARTY ROSENTHAL	Trustee	1.00	Director	$0	$0	$0
CAMILLA MORRIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALICIA TERRY	Secretary	1.00	Officer Director	$0	$0	$0
MAUREEN LODES	Trustee	1.00	Director	$0	$0	$0
Meg Kennedy	Trustee	1.00	Director	$0	$0	$0
HOPE KABIR	Trustee	1.00	Director	$0	$0	$0
APRIL ISLIP	Trustee	1.00	Director	$0	$0	$0
BILL MICHAELS	Trustee	1.00	Director	$0	$0	$0
TARA BURKE	Trustee	1.00	Director	$0	$0	$0
MARK MOSCONI	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TODD KENYON	Trustee	1.00	Director	$0	$0	$0
MARCY BIRCH	Trustee	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	No data	No data	No data	No data
2023	$1,198,497	$1,178,170	$513,943	$20,327
2022	$1,230,357	$1,234,466	$477,116	$-4,109
2021	$1,001,445	$805,298	$497,222	$196,147
2020	$783,201	$656,098	$310,454	$127,103
2019	$816,886	$807,195	$157,441	$9,691
2018	$747,778	$758,097	$170,823	$-10,319

DESTINATION MARKETING CORPORATION FOR OTSEGO COUNTY