FOLSOM TOURISM AND ECONOMIC DEVELOPMENT CORPORATION (EIN 680451036) - 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

2000

Legal Domicile

Principal Officer

JOSEPH GAGLIARDI

Phone

9169852698

Tax Period

2022-07-01 to 2023-06-30

FOLSOM TOURISM AND ECONOMIC DEVELOPMENT CORPORATION, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2022. Expenses of $1.2M left a modest 3% surplus.

Mission

FOLSOM TOURISM IS DEDICATED TO THE DEVELOPMENT OF FOLSOM AS A DESTINATION FOR VISITORS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,240,692

Investment Income $35,693

Other Revenue $0

TOTAL REVENUE $1,276,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,235,064

TOTAL EXPENSES $1,235,064

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,276,385	$1,247,213	+0.0%
Expenses	$1,235,064	$788,594	+0.6%
Net Income	$41,321	$458,619	-0.9%

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

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

$216,307

Total Directors

$216,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDICE HARPER	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT HOLDERNESS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ENID BALDOCK	SECRETARY	1.00	Officer Director	$0	$0	$0
HARRY E ELLIOTT III	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MESSNER	DIRECTOR	1.00	Director	$0	$0	$0
JIM ALVES	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BARRI	DIRECTOR	1.00	Director	$0	$0	$0
ROB ARAGON	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KOLIGIAN	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA LOFGREN	DIRECTOR	1.00	Director	$0	$0	$0
JOE GAGLIARDI	CEO	1.00	Officer Director	$0	$0	$216,307
MARK BAHOUTH	DIRECTOR	1.00	Director	$0	$0	$0
ANNE DESCALZO	DIRECTOR	1.00	Director	$0	$0	$0
LISA HAUSMANN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN RAITHEL	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
KEN GETZ	TREASURER	1.00	Officer Director	$0	$0	$0
ART PIMENTEL	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,276,385	$1,235,064	$1,559,576	$41,321
2022	$1,247,213	$788,594	$1,522,979	$458,619
2021	$683,242	$523,606	$1,034,713	$159,636
2020	$889,526	$870,459	$869,329	$19,067
2019	$1,192,643	$1,121,281	$652,700	$71,362
2018	$1,101,865	$1,084,617	$621,002	$17,248

FOLSOM TOURISM AND ECONOMIC DEVELOPMENT CORPORATION