CAPITAL-SARATOGA REGION TOURISM AS… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

DARRYL LEGGIERI

Phone

5185843255

Tax Period

2023-01-01 to 2023-12-31

CAPITAL-SARATOGA REGION TOURISM ASSOCIATION INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $267K in total revenue in fiscal year 2023. Revenue surged 164% from the prior year, signaling strong growth momentum. The organization ran a surplus of $182K, a strong 68% operating margin.

Mission

TO DEVELOP AND IMPLEMENT MARKETING STRATEGIES THAT WILL SUPPORT, NOT CONFLICT WITH, THE EFFORTS AND INITIATIVES OF ITS MEMBER COUNTIES. THE ASSOCIATION HAS TAKEN ON THE ROLE OF FACILITATOR, AND HAS BUILT ITS MARKETING PROGRAM TO REFLECT THAT.

Program Service Accomplishments

Program 1

Expenses: $84,402

THE ASSOCIATION CARRIES ON-GOING PROGRAMS OF TOURISM DEVELOPMENT FOR THE PARTICIPATING COUNTIES BY OPERATING COORDINATED, COOPERATIVE PROMOTIONAL PROGRAMS DESIGNED TO MAXIMIZE THE UTILIZATION, AND...

THE ASSOCIATION CARRIES ON-GOING PROGRAMS OF TOURISM DEVELOPMENT FOR THE PARTICIPATING COUNTIES BY OPERATING COORDINATED, COOPERATIVE PROMOTIONAL PROGRAMS DESIGNED TO MAXIMIZE THE UTILIZATION, AND ENCOURAGE THE DEVELOPMENT, OF CULTURAL, HISTORIC, RECREATIONAL, AGRICULTURAL, EDUCATIONAL, COMMERCIAL AND OTHER PROGRAMS AND ACTIVITIES WHICH SERVE TO ATTRACT ADDITIONAL VISITORS AND TRAVELERS TO THE CAPITAL-SARATOGA REGION.

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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 $187,500

Program Service Revenue $79,883

Investment Income $0

Other Revenue $0

TOTAL REVENUE $267,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,402

Other Expenses $85,527

TOTAL EXPENSES $85,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,383	$101,239	+1.6%
Expenses	$85,527	$97,691	-0.1%
Net Income	$181,856	$3,548	+50.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNAMARIA BELLANTONI	DIRECTOR	3.00	Director	$0	$0	$0
LAURA OSWALD	DIRECTOR	6.00	Director	$0	$0	$0
DARRYL LEGGIERI	DIRECTOR/PRESIDENT	2.00	Officer Director	$0	$0	$0
TODD GARAFANO	DIRECTOR	2.00	Director	$0	$0	$0
VITO CICCARELLI	DIRECTOR	1.00	Director	$0	$0	$0
CARLA KOLBE	DIRECTOR	2.00	Director	$0	$0	$0
JILL DELANEY	PRESIDENT	4.00	Officer	$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
2023	$267,383	$85,527	$187,975	$181,856

CAPITAL-SARATOGA REGION TOURISM ASSOCIATION INC