WORCESTER REGIONAL TOURISM AND VISITORS CORPORATION (EIN 474881059) - 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

2015

Legal Domicile

Principal Officer

MONIQUE JOSEPH

Phone

5087532924

Tax Period

2024-07-01 to 2025-06-30

WORCESTER REGIONAL TOURISM AND VISITORS CORPORATION, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 4% surplus.

Mission

TO PROMOTE, DEVELOP AND EXPAND TOURISM IN THE CENTRAL MASSACHUSETTS AND SOUTHERN WORCESTER COUNTY REGION AND TO PROVIDE SERVICES FOR SUCH PROMOTION, DEVELOPMENT AND EXPANSION.

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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 $1,640,869

Program Service Revenue $224,099

Investment Income $1,188

Other Revenue $0

TOTAL REVENUE $1,866,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $382,359

Fundraising Expenses $0

Program Expenses $1,771,516

Other Expenses $1,407,429

TOTAL EXPENSES $1,789,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,866,156	$1,786,593	+0.0%
Expenses	$1,789,788	$1,897,198	-0.1%
Net Income	$76,368	$-110,605	-1.7%

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

$117,050

Total Directors

$117,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONIQUE JOSEPH	PRESIDENT	40.00	Officer Director	$115,588	$1,462	$117,050
MATT MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN PELLITIER	DIRECTOR	1.00	Director	$0	$0	$0
SANDY DUNN	DIRECTOR	1.00	Director	$0	$0	$0
ANDY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
KC JONES	DIRECTOR	1.00	Director	$0	$0	$0
FABIAN BARRACKS	DIRECTOR	1.00	Director	$0	$0	$0
ULYSIS YOUNGBLOOD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GLICK	DIRECTOR	1.00	Director	$0	$0	$0
KIM GOLINSKI	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
PAUL GIORGIO	DIRECTOR	1.00	Director	$0	$0	$0
KATE MACEVOY	DIRECTOR	1.00	Director	$0	$0	$0
GRACE CHAPMAN ELTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SAMEK	DIRECTOR	1.00	Director	$0	$0	$0
LUKE VAILLENCOURT	DIRECTOR	1.00	Director	$0	$0	$0
MARY SIMONE	CHAIRPERSON/DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVE PETERSON	VICE CHAIR/DIRECTOR	1.00	Officer Director	$0	$0	$0
M HEBERT	CLERK/DIRECTOR	1.00	Officer Director	$0	$0	$0
SUZETTE ROBERT	TREASURER/DIRECTOR	1.00	Officer 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	$1,866,156	$1,789,788	$1,040,821	$76,368
2024	$1,786,593	$1,897,198	$1,192,127	$-110,605
2023	$1,393,871	$1,454,242	$1,281,765	$-60,371
2022	$1,120,653	$888,577	$1,328,906	$232,076
2021	$577,289	$697,255	$705,427	$-119,966
2020	$958,586	$791,928	$764,841	$166,658
2019	$1,050,441	$1,009,520	$616,241	$40,921
2018	$995,426	$995,588	$559,979	$-162

WORCESTER REGIONAL TOURISM AND VISITORS CORPORATION