NASSAU-PARADISE ISLAND PROMOTION BOARD (EIN 591707145) - 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

1977

Legal Domicile

Principal Officer

JOY JIBRILU

Phone

9548885900

Tax Period

2023-01-01 to 2023-12-31

NASSAU-PARADISE ISLAND PROMOTION BOARD, founded in 1977, is a mid-sized nonprofit in the Community Improvement sector that reported $37.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

LEVIES ARE COLLECTED BY MEMBER HOTELS AND POOLED WITH MINISTRY OF TOURISM SUBSIDIES FOR THE MARKETING AND PROMOTION OF THE INDIVIDUAL ISLANDS' MEMBER HOTELS ON NASSAU-PARADISE ISLANDS THROUGH USING THE FOLLOWING MEDIA: INTERNET, PRINT ADVERTISING, TRADE SHOWS, DIRECT MAIL, TELEVISION/RADIO, OTHER RELEVENT MEDIA AND PARTNERSHIPS

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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 $37,236,346

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,236,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,856,051

Fundraising Expenses $0

Other Expenses $34,554,243

TOTAL EXPENSES $37,410,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,236,346	$29,301,543	+0.3%
Expenses	$37,410,294	$24,404,062	+0.5%
Net Income	$-173,948	$4,897,481	-1.0%

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

$938,749

Total Directors

$652,090

Key Employees

$481,593

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY JIBRILU	DIR./CEO	45.00	Officer Director	$577,460	$74,630	$652,090
ADRIAN WHITEHEAD	DIRECTOR	0.20	Director	$0	$0	$0
ANTHONY KNOWLES	DIRECTOR	0.20	Director	$0	$0	$0
AUDREY OSWELL	DIRECTOR	0.20	Director	$0	$0	$0
AXEL GASSER	DIRECTOR	0.20	Director	$0	$0	$0
CHEVAZ CHAMBERS	DIRECTOR	0.20	Director	$0	$0	$0
CRAIG MARTIN	DIRECTOR	0.20	Director	$0	$0	$0
ENRICO GARZAROLI	DIRECTOR	0.20	Director	$0	$0	$0
GISELLE PYFROM	DIRECTOR	0.20	Director	$0	$0	$0
GRAEME DAVIS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREGG SKOWRONSKI	DIRECTOR	0.20	Director	$0	$0	$0
JAMAL GLOVER	DIRECTOR	0.20	Director	$0	$0	$0
JERMAINE WRIGHT	DIRECTOR	0.20	Director	$0	$0	$0
JOHN CONWAY	CHAIRMAN	3.00	Officer Director	$0	$0	$0
JUDITH L THOMPSON	DIRECTOR	0.20	Director	$0	$0	$0
LATIA DUNCOMBE	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL C RECKLEY	SECRETARY TO THE BOARD	1.00	Officer Director	$0	$0	$0
MONICA ORTIZ	DIRECTOR	0.20	Director	$0	$0	$0
ROBERTA GARZROLI	DIRECTOR	0.20	Director	$0	$0	$0
RUSSELL MILLER	DIRECTOR	0.20	Director	$0	$0	$0
STUART BOWE	DIRECTOR	0.20	Director	$0	$0	$0
TAMEKA FORBES	DIRECTOR	0.20	Director	$0	$0	$0
ULRICH SAMIETZ	DIRECTOR	0.20	Director	$0	$0	$0
VAUGHN ROBERTS	VICE CHAIRMAN	0.20	Officer Director	$0	$0	$0
WILLIAM F NAUGHTON	HONORARY TREASURER	1.00	Officer Director	$0	$0	$0
FREDERICK LOUNSBERRY	CHIEF EXECUTIVE OFFICER OUTGOING	45.00	Officer	$250,236	$36,423	$286,659
GLENN A HADDAD	EXECUTIVE DIRECTOR OF PITDA	40.00	Key Emp	$193,125	$55,110	$248,235
KIMBERLY SALTER	VP MARKETING	40.00	Key Emp	$197,700	$35,658	$233,358
GEORGE BRICE	VP GROUPS	40.00	Highest	$162,861	$72,867	$235,728

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	$37,236,346	$37,410,294	$23,241,264	$-173,948
2022	$29,301,543	$24,404,062	$15,500,207	$4,897,481
2021	$14,831,769	$14,965,007	$7,848,897	$-133,238
2020	$7,573,000	$10,027,535	$6,978,901	$-2,454,535
2019	$29,990,332	$30,449,121	$11,139,173	$-458,789
2018	$25,386,922	$23,853,178	$8,938,473	$1,533,744

NASSAU-PARADISE ISLAND PROMOTION BOARD