HALIFAX AREA LODGING ASSOCIATION IN (EIN 592406058) - 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

1984

Legal Domicile

Principal Officer

ROBERT DAVIDSON

Phone

3867888680

Tax Period

2023-01-01 to 2023-12-31

HALIFAX AREA LODGING ASSOCIATION IN, founded in 1984, is a micro nonprofit that reported $93K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

THE HALIFAX AREA LODGING ASSOCIATION IS A BUSINESS LEAGUE OF HOTELS AS DEFINED BY CODE SECTION 501 (C) (6), ORGANIZED TO PROMOTE COMMON INTEREST IN THE DEVELOPMENT OF BUSINESS CONDITIONS IN THE HOTEL/MOTEL INDUSTRY OF THE HALIFAX AREA. THE ORGANIZATION TAKES INTO CONSIDERATION A STUDY OF VARIOUS PROBLEMS THE INDUSTRY HAS IN ITS COMMUNITY. ALL REVENUE AND EXPENDITURES OF THE ORGANIZATION ARE USED TO MEET THIS PURPOSE IN THE FORM OF MEETING, SEMINARS, HOTEL/MOTEL ADMINISTRATION AND SCHOLARSHIPS AT LOCAL COLLEGES.

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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 $81,458

Program Service Revenue $0

Investment Income $0

Other Revenue $11,802

TOTAL REVENUE $93,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,482

Fundraising Expenses $0

Other Expenses $32,125

TOTAL EXPENSES $94,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,260	$102,143	-0.1%
Expenses	$94,607	$95,643	0.0%
Net Income	$-1,347	$6,500	-1.2%

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

$54,066

Total Directors

$54,066

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DAVIDSON	PRESIDENT	40.00	Officer Director	$43,066	$11,000	$54,066
DEBORAH BAILEY	SECRETARY	N/A	Officer	$0	$0	$0
JOHN BETROS	CHAIRMAN	N/A	Director	$0	$0	$0
MANOJ BHOOLA	2ND VICE CHA	N/A	Officer Director	$0	$0	$0
STEVE FARLEY	1ST VICE CHA	N/A	Officer Director	$0	$0	$0
PETER COLEMAN	DIRECTOR	N/A	Director	$0	$0	$0
TOM CLAPSADDLE	DIRECTOR	N/A	Director	$0	$0	$0
PETE ARNEY	DIRECTOR	N/A	Director	$0	$0	$0
JIM BERKLEY	DIRECTOR	N/A	Director	$0	$0	$0
DOMEIN TAKX	DIRECTOR	N/A	Director	$0	$0	$0
LILI SHELLER	DIRECTOR	N/A	Director	$0	$0	$0
NANCY GURAN	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN LANSBERRY	DIRECTOR	N/A	Director	$0	$0	$0
JEFF VANDIVER	DIRECTOR	N/A	Director	$0	$0	$0
KATHY MASTERSON	DIRECTOR	N/A	Director	$0	$0	$0
LEO GALLARDO	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT BURNETTI	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$93,260	$94,607	$78,127	$-1,347
2022	$102,143	$95,643	$75,480	$6,500
2021	$94,501	$104,329	$71,062	$-9,828
2020	$96,247	$99,358	$71,810	$-3,111
2019	$107,098	$113,837	$76,618	$-6,739
2018	$119,459	$108,342	$97,746	$11,117

HALIFAX AREA LODGING ASSOCIATION IN