KENT COUNTY TOURISM CORP INC

EIN: 520017005

DOVER, DE

Total Revenue
$573,174
Total Expenses
$709,907
Total Assets
$448,256
Net Assets
$442,709
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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
1989
Legal Domicile
DE
Principal Officer
MIKE MARASCO
Phone
3027341736
Tax Period
2024-07-01 to 2025-06-30

KENT COUNTY TOURISM CORP INC, founded in 1989, is a small nonprofit that reported $573K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $710K exceeded revenue, resulting in a 24% operating deficit.

Mission

KENT COUNTY TOURISM CORP., INC. IS THE OFFICIAL DESTINATION MARKETING ORGANIZATION FOR KENT COUNTY, DELAWARE AND ITS JURISDICTIONS, WHOSE MISSION IS TO GENERATE INCREMENTAL ECONOMIC IMPACT FOR THE COMMUNITY THORUGH THE ATTRACTION OF VISITORS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $557,571
Program Service Revenue $0
Investment Income $14,040
Other Revenue $1,563
TOTAL REVENUE $573,174

Expense Breakdown

Grants Paid $0
Salaries & Benefits $277,594
Fundraising Expenses $0
Program Expenses $615,007
Other Expenses $432,313
TOTAL EXPENSES $709,907

Year-over-Year Comparison

2024 2023 Change
Revenue $573,174 $723,444 -0.2%
Expenses $709,907 $679,721 +0.0%
Net Income $-136,733 $43,723 -4.1%
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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Governance

Voting Members
23
Independent Members
23
Employees
4
Volunteers
5

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
3
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE MARASCO CHAIRMAN 2.00
Officer Director
$0 $0 $0
SUZANNE SAVERY SECRETARY 2.00
Officer Director
$0 $0 $0
TAMMY ORDWAY TREASURER 2.00
Officer Director
$0 $0 $0
GARY CAMP BOARD MEMBER 2.00
Director
$0 $0 $0
ROBIN CHRISTIANSEN BOARD MEMBER 2.00
Director
$0 $0 $0
ERIC CZERWINSKI BOARD MEMBER 2.00
Director
$0 $0 $0
MIKE FENNEMORE BOARD MEMBER 2.00
Director
$0 $0 $0
THOMAS KRAMEDAS BOARD MEMBER 2.00
Director
$0 $0 $0
DIANE LAIRD BOARD MEMBER 2.00
Director
$0 $0 $0
NICOLE WORTHLEY BOARD MEMBER 2.00
Director
$0 $0 $0
NICK POLCINO BOARD MEMBER 2.00
Director
$0 $0 $0
JOANNE MASTEN BOARD MEMBER 2.00
Director
$0 $0 $0
DONYALE HALL BOARD MEMBER 2.00
Director
$0 $0 $0
LINDA PARKOWSKI BOARD MEMBER 2.00
Director
$0 $0 $0
DANNY AGUILAR BOARD MEMBER 2.00
Director
$0 $0 $0
DOUG POORE BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL RASMUSSEN BOARD MEMBER 2.00
Director
$0 $0 $0
MARK SCHRECENGOST BOARD MEMBER 2.00
Director
$0 $0 $0
JEREMY SHEPPARD BOARD MEMBER 2.00
Director
$0 $0 $0
JESSICA WELCH BOARD MEMBER 2.00
Director
$0 $0 $0
DAN YEARICK BOARD MEMBER 2.00
Director
$0 $0 $0
CLIFF WEBER BOARD MEMBER 2.00
Director
$0 $0 $0
LISA STRUSOWSKI BOARD MEMBER 2.00
Director
$0 $0 $0
PETE BRADLEY PRESIDENT 40.00
Highest
$100,500 $0 $100,500
DINA VENDETTI EX-OFFICIO 2.00
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
2025 $573,174 $709,907 $448,256 $-136,733
2024 $723,444 $679,721 $588,850 $43,723
2023 $681,093 $640,871 $545,228 $40,222
2022 $609,998 $585,451 $500,681 $24,547
2021 $371,021 $529,443 $569,143 $-158,422
2020 $463,240 $687,617 $642,003 $-224,377
2019 $598,717 $862,284 $863,256 $-263,567
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