HOTEL ASSOCIATION OF WASHINGTON DC IN (EIN 530085970) - 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

1906

Legal Domicile

Principal Officer

BEVERLY A WRIGHT

Phone

2022896385

Tax Period

2023-01-01 to 2023-12-31

HOTEL ASSOCIATION OF WASHINGTON DC IN, founded in 1906, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE ASSOCIATION SERVES AS A CLEARING HOUSE FOR THE DISSEMINATION OF INFORMATION TO ITS MEMBERS

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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 $0

Program Service Revenue $1,482,134

Investment Income $17

Other Revenue $444,898

TOTAL REVENUE $1,927,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $993,414

Fundraising Expenses $0

Other Expenses $1,098,126

TOTAL EXPENSES $2,091,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,927,049	$1,699,367	+0.1%
Expenses	$2,091,540	$2,111,321	0.0%
Net Income	$-164,491	$-411,954	-0.6%

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

$636,679

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEADE ATKESON	DIRECTOR	1.00	Officer Director	$0	$0	$0
JOHN VARGHESE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ABE LIAO	DIRECTOR	1.00	Director	$0	$0	$0
DEIDRA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MAJED DAWOOD-FARAH	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY MILLER	AM REP	1.00	Director	$0	$0	$0
DAVID DEL RUSSO	DIRECTOR	1.00	Director	$0	$0	$0
SATINDER PALTA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PENNY	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY DIMEGLIO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WILMOT	EX OFFICIO	1.00	Director	$0	$0	$0
SEVIYE GUCBILMEZ	DIRECTOR	1.00	Director	$0	$0	$0
MATT FELIX	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
JAY HADDOCK	DIRECTOR	1.00	Director	$0	$0	$0
MARK ROCHE-GARLAND	DIRECTOR	1.00	Director	$0	$0	$0
SHERI SWAIN	DIRECTOR	1.00	Director	$0	$0	$0
TERRY DUNBAR	DIRECTOR	1.00	Director	$0	$0	$0
KORI JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
PASCAL FOROTTI	DIRECTOR	1.00	Director	$0	$0	$0
JACQUIE HOLDER	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH JARKA	DIRECTOR	1.00	Director	$0	$0	$0
MANUEL MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
MARKUS PLATZER	DIRECTOR	1.00	Director	$0	$0	$0
STACY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CHRYSTAL CHRISTMAS	DIRECTOR	1.00	Director	$0	$0	$0
SOLOMON KEENE	PRESIDENT & CEO	24.00	Officer	$386,053	$26,147	$412,200
BEVERLY WRIGHT	SR VP & CFO	24.00	Officer	$214,030	$10,449	$224,479
LISA ABRAMS	VP GOVT AFFAIRS	40.00	Highest	$168,345	$18,600	$186,945

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	$1,927,049	$2,091,540	$2,301,512	$-164,491
2022	$1,699,367	$2,111,321	$2,516,777	$-411,954
2021	$2,913,045	$1,870,812	$2,703,116	$1,042,233
2020	$1,246,668	$1,663,912	$1,809,154	$-417,244
2019	$1,897,631	$1,840,354	$2,042,046	$57,277
2018	$1,748,598	$1,798,758	$1,735,684	$-50,160

HOTEL ASSOCIATION OF WASHINGTON DC IN