FLORIDA TOURISM INDUSTRY MARKETING CORP INC

EIN: 593359293

TALLAHASSEE, FL

Total Revenue
$106,016,623
Total Expenses
$105,682,074
Total Assets
$54,016,595
Net Assets
$16,453,055
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
FL
Principal Officer
SHANNA PACE
Phone
8504885607
Tax Period
2024-07-01 to 2025-06-30

FLORIDA TOURISM INDUSTRY MARKETING CORP INC, founded in 1995, is a major nonprofit that reported $106.0M in total revenue in fiscal year 2024.

Mission

TO PROMOTE VISITATION TO FLORIDA BY STRENGTHENING FLORIDA'S SHARE OF THE GLOBAL TRAVEL MARKET WITH THE GOAL OF MAXIMIZING THE ECONOMIC IMPACT OF TRAVEL AND TOURISM TO FLORIDA.

Program Service Accomplishments

Program 1

ADVERTISING - VISIT FLORIDA CONDUCTS MULTI-CHANNEL MARKETING INITIATIVES TO REACH POTENTIAL VISITORS AND DRIVE VISITATION FROM TRAVELERS ALL ACROSS THE UNITED STATES AND INTERNATIONALLY. THESE...

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ADVERTISING - VISIT FLORIDA CONDUCTS MULTI-CHANNEL MARKETING INITIATIVES TO REACH POTENTIAL VISITORS AND DRIVE VISITATION FROM TRAVELERS ALL ACROSS THE UNITED STATES AND INTERNATIONALLY. THESE INITIATIVES ARE MAINLY INTEGRATED MARKETING CAMPAIGNS THAT CONSIST OF ADVERTISING, PUBLIC RELATIONS, CONTENT DEVELOPMENT AND DISTRIBUTION, SPONSORSHIP, DIGITAL MARKETING AND SOCIAL MEDIA.ADVERTISING IMPACT: THE TOURISM INDUSTRY WAS RESPONSIBLE FOR WELCOMING 143 MILLION VISITORS IN FY 2024-25, WHICH MAKES THE INDUSTRY ONE OF THE LEADING TAX REVENUE AND JOBS PRODUCERS IN FLORIDA. BASED ON THE LATEST ECONOMIC IMPACT STUDY, FLORIDA VISITORS CONTRIBUTED $133.6 BLLION TO FLORIDA'S ECONOMY IN 2024, GENERATING $15.8 BILLION IN STATE AND LOCAL TAXES AND SUPPORTING 1.8 MILLION FLORIDA JOBS. VISITORS CONTRIBUTE AN AVERAGE OF $350 MILLION PER DAY TO FLORIDA'S ECONOMY. EVERY 80 VISITORS TO THE STATE SUPPORT ONE TOURISM JOB. VISIT FLORIDA HAS SIGNIFICANTLY CONTRIBUTED TO THE CONTINUED INCREASE IN VISITOR SPENDING, TAX REVENUE, AND JOB CREATION. FOR EVERY $1 THE STATE INVESTS IN VISIT FLORIDA, $3.27 IN TAX REVENUE IS RETURNED. IN FISCAL YEAR 2024-25, 59.0 PERCENT OF VISITORS WERE SIGNIFICANTLY INFLUENCED BY VISIT FLORIDA MARKETING EFFORTS.

Program 2

COOPERATIVE PROMOTIONAL PROGRAMS: VISIT FLORIDA ASSISTS INTERESTED PARTIES IN ORGANIZING FLORIDA PROMOTIONAL PACKAGES. IN RETURN FOR VISIT FLORIDA'S ASSISTANCE, VISIT FLORIDA AND OTHER PARTICIPANTS...

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COOPERATIVE PROMOTIONAL PROGRAMS: VISIT FLORIDA ASSISTS INTERESTED PARTIES IN ORGANIZING FLORIDA PROMOTIONAL PACKAGES. IN RETURN FOR VISIT FLORIDA'S ASSISTANCE, VISIT FLORIDA AND OTHER PARTICIPANTS RECEIVE COMPLIMENTARY ADVERTISING IN VARIOUS PRINT, TELEVISION, DIGITAL AND RADIO MEDIA USED IN PROMOTING THE PACKAGE.

Program 3

TRADE SHOWS: VISIT FLORIDA HOSTS THE ANNUAL GOVERNOR'S CONFERENCE ON TOURISM. THE CONFERENCE OUTLINES THE MARKETING PLAN, PROVIDES EDUCATIONAL SPEAKERS, VENDORS AND NETWORKING OPPORTUNITIES. VISIT...

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TRADE SHOWS: VISIT FLORIDA HOSTS THE ANNUAL GOVERNOR'S CONFERENCE ON TOURISM. THE CONFERENCE OUTLINES THE MARKETING PLAN, PROVIDES EDUCATIONAL SPEAKERS, VENDORS AND NETWORKING OPPORTUNITIES. VISIT FLORIDA HOSTS FLORIDA ENCOUNTER, AN APPOINTMENT-BASED SHOW WHERE MEETING PROFESSIONALS MEET WITH FLORIDA SUPPLIERS TO BOOK FUTURE BUSINESS. VISIT FLORIDA HOSTS FLORIDA HUDDLE, ANOTHER APPOINTMENT-BASED SHOW WHERE TOUR OPERATORS FROM ACROSS THE STATE MEET WITH DOMESTIC AND INTERNATIONAL BUYERS TO BOOK FUTURE BUSINESS. IN ADDITION TO THESE VISIT FLORIDA-OWNED TRADE SHOWS, THE MARKETING AND EVENTS DEPARTMENT WORKS CLOSELY WITH KEY TRAVEL AGENTS, TOUR OPERATORS AND MEETING PROFESSIONALS TO KEEP FLORIDA IN THE DESTINATION FOREFRONT. THEY ALSO ORGANIZE EDUCATIONAL SEMINARS, RESERVATION TRAINING, FAMILIARIZATION TOURS, TRADE SHOWS AND CONSUMER SHOWS AND INVITE THE FLORIDA INDUSTRY TO PARTICIPATE IN THESE EVENTS TO CREATE A LARGER FLORIDA PRESENCE.

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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 $86,202,926
Program Service Revenue $19,394,078
Investment Income $197,111
Other Revenue $222,508
TOTAL REVENUE $106,016,623

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,863,437
Fundraising Expenses $0
Other Expenses $95,818,637
TOTAL EXPENSES $105,682,074

Year-over-Year Comparison

2024 2023 Change
Revenue $106,016,623 $105,947,083 +0.0%
Expenses $105,682,074 $105,016,631 +0.0%
Net Income $334,549 $930,452 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
32
Independent Members
32
Employees
93
Volunteers
32

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
8
$854,690
Total Directors
32
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER BERTHIAUME DIRECTOR 1.00
Director
$0 $0 $0
JOE COLLIER DIRECTOR 1.00
Director
$0 $0 $0
GREG COOK DIRECTOR 1.00
Director
$0 $0 $0
BOBBY CORNWELL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL CORRIGAN SECRETARY 1.00
Officer Director
$0 $0 $0
JEANNE DAILEY DIRECTOR 1.00
Director
$0 $0 $0
ERNESTO DIAZ DIRECTOR 1.00
Director
$0 $0 $0
CAROL DOVER DIRECTOR 1.00
Director
$0 $0 $0
ERIN DUGGAN DIRECTOR 1.00
Director
$0 $0 $0
MIKE ENGILES DIRECTOR 1.00
Director
$0 $0 $0
DANNY GAEKWAD DIRECTOR 1.00
Director
$0 $0 $0
SAM HAUGHT DIRECTOR 1.00
Director
$0 $0 $0
BLAIR HENSLEY DIRECTOR 1.00
Director
$0 $0 $0
MALINDA HORTON TREASURER 1.00
Officer Director
$0 $0 $0
HELENA JAMES-RENDLEMAN DIRECTOR 1.00
Director
$0 $0 $0
JOHN LAI CHAIR 1.00
Officer Director
$0 $0 $0
RALPH LEWIS DIRECTOR 1.00
Director
$0 $0 $0
KARA LUNDGREN DIRECTOR 1.00
Director
$0 $0 $0
TROY MANTHEY DIRECTOR 1.00
Director
$0 $0 $0
ERIC MARSHALL VICE CHAIR 1.00
Officer Director
$0 $0 $0
JESSE MARTINEZ DIRECTOR 1.00
Director
$0 $0 $0
PHILIP MCDANIEL DIRECTOR 1.00
Director
$0 $0 $0
J COLLIER MERRILL DIRECTOR 1.00
Director
$0 $0 $0
MIKE MILLER DIRECTOR 1.00
Director
$0 $0 $0
ADOLFO M PEREZ DIRECTOR 1.00
Director
$0 $0 $0
DAVE SCHMIDT DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA SCHWARTZMAN DIRECTOR 1.00
Director
$0 $0 $0
LORETTA SHAFFER DIRECTOR 1.00
Director
$0 $0 $0
SCOTT SHALLEY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT SKROB DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WELLS DIRECTOR 1.00
Director
$0 $0 $0
CHIP WILE DIRECTOR 1.00
Director
$0 $0 $0
DANA YOUNG PRESIDENT AND CEO 40.00
Officer
$217,166 $49,402 $266,568
SHANNA PACE CHIEF FINANCIAL OFFICER 40.00
Officer
$174,681 $11,739 $186,420
CRAIG A THOMAS COO/GENERAL COUNSEL 40.00
Officer
$169,836 $36,311 $206,147
BRETT S LAIKEN CHIEF MARKETING OFFICER 40.00
Officer
$160,227 $35,328 $195,555
MEREDITH DASILVA VICE PRESIDENT OF OPERATIONS AND ADMINISTRATION 40.00
Highest
$165,924 $46,440 $212,364
DAVID L DODD DIRECTOR OF WELCOME CENTER OPERATIONS 40.00
Highest
$143,180 $45,295 $188,475
DANIELLE S DESTAFNEY VP CONTENT MARKETING 40.00
Highest
$141,487 $45,193 $186,680
MEAGAN H CHIAMARDAS DIRECTOR OF BRAND 40.00
Highest
$136,945 $44,921 $181,866
MATSUJIRO S PFEIFFER DIRECTOR OF TECHNOLOGY OPERATIONS 40.00
Highest
$134,085 $44,749 $178,834
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 $106,016,623 $105,682,074 $54,016,595 $334,549
2024 $105,947,083 $105,016,631 $45,618,874 $930,452
2023 $86,648,555 $86,057,460 $37,630,218 $591,095
2022 $89,864,645 $92,241,655 $39,295,195 $-2,377,010
2021 $62,895,567 $68,860,544 $33,820,067 $-5,964,977
2020 $48,182,560 $45,908,444 $32,656,881 $2,274,116
2019 $90,935,826 $94,635,326 $47,991,304 $-3,699,500
2018 $90,289,776 $88,929,592 $55,826,380 $1,360,184
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