CULTURAL TOURISM DC INC

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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

1999

Legal Domicile

Principal Officer

STEVEN E SHULMAN

Phone

2023554280

Tax Period

2020-10-01 to 2021-09-30

CULTURAL TOURISM DC INC, founded in 1999, is a small nonprofit that reported $397K in total revenue in fiscal year 2020.

Mission

CTDC IS A NONPROFIT COALITION OF MORE THAN 100 HERITAGE, CULTURAL, AND COMMUNITY ORGANIZATIONS THROUGHOUT THE NATIONAL CAPITAL. CULTURAL TOURISM DC AND ITS MEMBERS AFFIRM THE IMPORTANCE OF CULTURE AND HERITAGE TO WASHINGTON'S NEIGHBORHOODS AND THE DISTRICT'S ECONOMIC PROSPERITY.

Program Service Accomplishments

Program 1

Expenses: $10,710 Revenue: $10,761

HERITAGE & COMMUNITY PROGRAMS: NEIGHBORHOOD HERITAGE TRAILS USE PHOTOGRAPHY AND HISTORY ON POSTER-SIZED ILLUSTRATED STREET SIGNS TO TELL NEIGHBORHOOD STORIES. THESE TRAILS ARE SELF-GUIDED TRAILS, AND WITH SUMMARY GUIDES, ARE AVAILABLE FOR THE 17 TRAILS. CTDC CONTINUES TO MAINTAIN A PRESENCE IN THE COMMUNITIES THROUGH ITS PARTICIPATION IN NEIGHBORHOOD FESTIVALS, SPEAKING ENGAGEMENTS, AND ONGOING CONTACT WITH ITS HERITAGE TRAIL WORKING GROUPS.

Program 2

Expenses: $108,832 Revenue: $205,750

EVENTS: VARIOUS PROGRAM EVENTS HELD BY THE ORGANIZATION DURING THE YEAR, INCLUDING PASSPORT DC, WALKING TOWN DC, AND PORCH FESTS.

Program 3

Expenses: $3,678

MEMBERSHIP: CTDC IS A POWERFUL RESOURCE FOR ITS MORE THAN 100 HERITAGE, CULTURAL, AND NEIGHBORHOOD ORGANIZATIONS. THE CTDC WEBSITE, SOCIAL MEDIA, AND THE WEEKLY E-NEWSLETTER, DC CULTURE COMMUNIQUE...

MEMBERSHIP: CTDC IS A POWERFUL RESOURCE FOR ITS MORE THAN 100 HERITAGE, CULTURAL, AND NEIGHBORHOOD ORGANIZATIONS. THE CTDC WEBSITE, SOCIAL MEDIA, AND THE WEEKLY E-NEWSLETTER, DC CULTURE COMMUNIQUE, ARE ITS GREATEST BENEFITS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $180,290

Program Service Revenue $216,511

Investment Income $70

Other Revenue $0

TOTAL REVENUE $396,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,834

Fundraising Expenses $68,391

Program Expenses $151,004

Other Expenses $84,478

TOTAL EXPENSES $405,312

Year-over-Year Comparison

	2020	2019	Change
Revenue	$396,871	$394,487	+0.0%
Expenses	$405,312	$427,838	-0.1%
Net Income	$-8,441	$-33,351	-0.7%

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

$157,460

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN E SHULMAN	EXECUTIVE DI	40.00	Officer	$157,460	$0	$157,460
TIMOTHY COX	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
JEFFREY WERNER	SECRETARY	2.00	Officer Director	$0	$0	$0
ALLYSON BROWNE MCKITHEN	EXEC COMMITT	2.00	Officer Director	$0	$0	$0
MICHAEL AKIN	DIRECTOR	1.00	Director	$0	$0	$0
THERESA BELPUSI	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BONSTRA	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH GOLDING	DIRECTOR	1.00	Director	$0	$0	$0
CHINYERE HUBBARD	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY O'DELL	DIRECTOR	1.00	Director	$0	$0	$0
LISA SCHROETER	DIRECTOR	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
2021	$396,871	$405,312	$212,913	$-8,441
2020	$394,487	$427,838	$269,369	$-33,351
2019	$435,152	$508,506	$241,715	$-73,354
2018	$500,054	$491,692	$186,213	$8,362