BASTROP DESTINATION AND MARKETING … - 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

2018

Legal Domicile

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 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.

Program Service Accomplishments

Program 1

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%)

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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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

$107,989

Total Directors

Key Employees

Highest Compensated

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

BASTROP DESTINATION AND MARKETING ORGANIZATION