FORT WORTH TOURISM PUBLIC IMPROVEM… - 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

2017

Legal Domicile

Principal Officer

KURT FOURNIER

Phone

8176987839

Tax Period

2024-10-01 to 2025-09-30

FORT WORTH TOURISM PUBLIC IMPROVEMENT DISTRICT CORPORATION, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $7.3M in total revenue in fiscal year 2024.

Mission

INCREASING THE ECONOMIC IMPACT AND ENHANCING COMPETITIVENESS IN CONVENTIONS, MEETINGS, LEISURE AND SPORTS TOURISM, AND INCREASING TOURSM-RELATED ECONOMIC ACTIVITY.

Program Service Accomplishments

Program 1

AT THE REQUEST OF THE COMMUNITY OF LOCAL HOTELIERS, THE CITY OF FORT WORTH HAS CREATED A TOURISM PUBLIC IMPROVEMENT DISTRICT (TPID) TO ENHANCE MARKETING OF FORT WORTH AS A VISITOR AND CONVENTION...

AT THE REQUEST OF THE COMMUNITY OF LOCAL HOTELIERS, THE CITY OF FORT WORTH HAS CREATED A TOURISM PUBLIC IMPROVEMENT DISTRICT (TPID) TO ENHANCE MARKETING OF FORT WORTH AS A VISITOR AND CONVENTION DESTINATION AND, AS A RESULT, SUPPORT THE LOCAL ECONOMY AND JOBS. APPROXIMATELY 35% OF THE DISTRICT'S RESOURCES ARE DEDICATED TO ATTRACT MEETINGS AND CONVENTIONS THROUGH SALES AND INCENTIVE EFFORTS. APPROXIMATELY 52.5% OF TPID FUNDS ARE USED FOR MARKETING FORT WORTH AS A LEISURE & MEETING DESTINATION, BRINGING ADDITIONAL VISISTORS AND BUILDING OVERALL AWARENESS OF THE CITY AS A TOP CHOICE IN TOURISM. TPID DEDICATES 7.5% OF THE BUDGET FOR GRANTS TO FORT WORTH ARTS ORGANIZATIONS THAT DEMONSTRATE AN ABILITY TO ATTRACT OVERNIGHT VISISTORS AND CONTRIBUTE TO HOTEL ROOM NIGHTS. THE GRANTS ARE ADMINISTERED BY THE FORT WORTH ARTS COUNCIL AND DEMONSTRATE THE SPECIAL CONTRIBUTIONS THESE ORGANIZATIONS MAKE TO OUR LOCAL ECONOMY AND QUALITY OF LIFE. THE REMAINING 5% OF TPID FUNDS ARE DEVOTED TO PERFORMANCE OF SITE VISITS, FAMILARIZATION TOURS, LEGAL, AUDIT AND ADMINISTRATIVE SERVICES. THIS INCLUDES INVESTMENT IN RESEARCH TOOLS THAT ENABLE VISIT FORT WORTH TO EVALUATE AND MEASURE MANY OF THE DISTRICT'S MARKETING EFFORTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,253,921

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,253,921

Expense Breakdown

Grants Paid $490,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,561,606

TOTAL EXPENSES $7,052,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,253,921	$7,098,919	+0.0%
Expenses	$7,052,106	$6,465,587	+0.1%
Net Income	$201,815	$633,332	-0.7%

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

$734,153

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DREW HAYDEN	CHAIR	1.00	Officer Director	$0	$0	$0
GEORGE BARHAM	VICE-CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
CARTER HORD	SECRETARY	1.00	Director	$0	$0	$0
JOHNATHAN KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
GLEN MCGINNIS	DIRECTOR	1.00	Director	$0	$0	$0
SYLVIA MIER	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN NEWTON	DIRECTOR	1.00	Director	$0	$0	$0
DAMIEN O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HILTABIDEL	DIRECTOR	1.00	Director	$0	$0	$0
AARON IDLE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT JAMESON	MANAGING DIRECTOR	1.00	Officer	$394,685	$50,686	$445,371
KURT FOURNIER	CFO	1.00	Officer	$256,446	$32,336	$288,782

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	$7,253,921	$7,052,106	$7,806,215	$201,815
2024	$7,098,919	$6,465,587	$7,754,414	$633,332
2023	$6,810,523	$5,731,824	$7,180,838	$1,078,699
2022	$5,696,987	$3,891,142	$5,595,943	$1,805,845
2021	$3,395,256	$2,454,893	$3,711,248	$940,363

FORT WORTH TOURISM PUBLIC IMPROVEMENT DISTRICT CORPORATION