GLOUCESTER TOURISM ALLIANCE INC DBA DISCOVER GLOUCESTER (EIN 474400348) - 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

2017

Legal Domicile

Principal Officer

TOBIN DOMINICK

Phone

9786751818

Tax Period

2024-11-01 to 2025-10-31

GLOUCESTER TOURISM ALLIANCE INC DBA DISCOVER GLOUCESTER, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $268K in total revenue in fiscal year 2024. Expenses of $256K left a modest 4% surplus.

Mission

TO PROMOTE TOURISM AND THE VISITOR-BASED ECONOMY BY INCREASING AWARENESS OF THE SEAPORT OF GLOUCESTER MASSACHUSETTS THROUGH THE USE OF VISITOR GUIDES AND A WEBSITE.

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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 $91,576

Program Service Revenue $168,193

Investment Income $8,191

Other Revenue $0

TOTAL REVENUE $267,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,634

Fundraising Expenses $0

Program Expenses $185,615

Other Expenses $144,571

TOTAL EXPENSES $256,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,960	$278,669	0.0%
Expenses	$256,205	$308,454	-0.2%
Net Income	$11,755	$-29,785	-1.4%

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
ADAM FARBER	Director	1.00	Director	$0	$0	$0
ALEX KOPPELMAN	Director	1.00	Director	$0	$0	$0
CAITLIN PSZENNY	Director	1.00	Director	$0	$0	$0
KATELYN CIARAMITARO	Director	1.00	Director	$0	$0	$0
LINDA HARVEY	Director	1.00	Director	$0	$0	$0
PAMELA TOBEY	Director	1.00	Director	$0	$0	$0
COLLEN MURDOCK	Director	1.00	Director	$0	$0	$0
ZACH SEARS	Director	1.00	Director	$0	$0	$0
EMILY DOUGLASS	Director	1.00	Director	$0	$0	$0
MICHELLE WILLIAMS	DIR/PAST CHAIR	2.00	Director	$0	$0	$0
AMANDA POLLOCK	Executive Dir.	1.00	Director	$0	$0	$0
CHRISTINE ARMSTRONG	VICE CHAIR	2.00	Officer	$0	$0	$0
CAROL MONDELLO	Treasurer	5.00	Officer	$0	$0	$0
KERRY MCKENNA	CLERK	2.00	Officer	$0	$0	$0
MICHAEL DEKOSTER	CHAIRPERSON	2.00	Officer	$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	$267,960	$256,205	$271,772	$11,755
2024	$278,669	$308,454	$268,592	$-29,785
2023	$265,249	$256,918	$294,072	$8,331
2022	$270,781	$243,750	$280,206	$27,031
2021	$276,372	$197,589	$256,834	$78,783
2020	$217,263	$200,188	$174,566	$17,075
2019	$223,076	$214,622	$154,148	$8,454
2018	$211,322	$185,884	$147,834	$25,438

GLOUCESTER TOURISM ALLIANCE INC DBA DISCOVER GLOUCESTER