BASTROP DESTINATION AND MARKETING ORGANIZATION

EIN: 821342105 Community Improvement

BASTROP, TX

Total Revenue
$1,058,295
Total Expenses
$1,235,600
Total Assets
$999,013
Net Assets
$752,483
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
TX
Principal Officer
ASHTON LAFUENTE
Phone
5123328990
Tax Period
2023-10-01 to 2024-09-30

BASTROP DESTINATION AND MARKETING ORGANIZATION, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE BASTROP DESTINATION MARKETING ORGANIZATION, INC. SHALL BE THE PRIMARY BRAND ADVOCATE FOR THE CITY OF BASTROP BY BRINGING GROUPS TOGETHER, THROUGH UNITY AND REPRESENTATION, IN ORDER TO LEVERAGE COMMUNITY ASSETS AND ACTIVITIES FOR THE MAXIMUM BENEFIT OF THE HOSPITALITY AND THE MEETING, CONFERENCE AND EVENT INDUSTRIES OF BASTROP AND THE LOST PINES REGION. THE MISSION OF THE ORGANIZATION IS TO STIMULATE THE ECONOMIC GROWTH OF THE CITY OF BASTROP BY MARKETING THE BASTROP REGION AS A VIBRANT VISITOR DESTINATION INCLUDING CONVENTIONS, MEETINGS, OUTDOOR RECREATION AND SPECIAL EVENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,036,450
Investment Income $5,474
Other Revenue $16,371
TOTAL REVENUE $1,058,295

Expense Breakdown

Grants Paid $0
Salaries & Benefits $402,666
Fundraising Expenses $0
Other Expenses $832,934
TOTAL EXPENSES $1,235,600

Year-over-Year Comparison

2023 2022 Change
Revenue $1,058,295 $1,368,304 -0.2%
Expenses $1,235,600 $1,313,955 -0.1%
Net Income $-177,305 $54,349 -4.3%
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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Governance

Voting Members
9
Independent Members
9
Employees
4
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
1
$107,989
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERRY FOSSLER CHAIRPERSON 1.00
Director
$0 $0 $0
SHAWN ANTHEA-PLETSCH BOARD MEMBER 1.00
Director
$0 $0 $0
JANE HUNT BOARD MEMBER 1.00
Director
$0 $0 $0
AMY BAILEY BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT KRAFT BOARD MEMBER 1.00
Director
$0 $0 $0
IRBY MORVANT BOARD MEMBER 1.00
Director
$0 $0 $0
HARRISON WOOD BOARD MEMBER 1.00
Director
$0 $0 $0
LEE HARLE BOARD MEMBER 1.00
Director
$0 $0 $0
WESLEY DILLS BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER YOUNG-LIRA BOARD MEMBER 1.00
Director
$0 $0 $0
BARBARA CALDWELL BOARD MEMBER 1.00
Director
$0 $0 $0
DAWN SEVCIK GUERRO BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTI LEE BOARD MEMBER 1.00
Director
$0 $0 $0
ASHTON LAFUENTE PRESIDENT/CEO 40.00
Officer
$96,542 $11,447 $107,989
SUSAN SMITH FORMER PRESIDENT/CEO 40.00
$169,373 $4,098 $173,471
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 $1,058,295 $1,235,600 $999,013 $-177,305
2023 $1,368,304 $1,313,955 $1,297,584 $54,349
2022 $1,225,185 $1,094,229 $759,318 $130,956
2022 $1,445,546 $1,094,229 $979,679 $351,317
2021 $958,308 $1,008,461 $608,686 $-50,153
2020 $936,428 $975,694 $642,804 $-39,266
2019 $1,232,135 $1,292,469 $784,362 $-60,334
2018 $1,422,201 $1,206,014 $931,053 $216,187
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