GREATER PALM SPRINGS TOURISM FOUNDATION (EIN 831497490) - 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

2017

Legal Domicile

Principal Officer

Aftab Dada

Phone

7609691303

Tax Period

2024-07-01 to 2025-06-30

GREATER PALM SPRINGS TOURISM FOUNDATION, founded in 2017, is a small nonprofit in the Education sector that reported $190K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $309K exceeded revenue, resulting in a 63% operating deficit.

Mission

To support issues pertaining to the tourism industry including but not limited to raising funds from the general public and other sources to carry on programs directly and to provide support and services related to the hospitality convention and tourism industries in the Greater Palm Springs region including but not limited to providing education leadership scholarships seminars relief funds promotion of special events volunteer and mentor development and cultural enhancement.

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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 $190,070

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $190,070

Expense Breakdown

Grants Paid $302,809

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $302,809

Other Expenses $6,078

TOTAL EXPENSES $308,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,070	$164,903	+0.2%
Expenses	$308,887	$460,611	-0.3%
Net Income	$-118,817	$-295,708	-0.6%

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
Aftab Dada	Co-Chair	1.00	Officer Director	$0	$0	$0
Tim Ellis	Co-Chair	1.00	Officer Director	$0	$0	$0
John Shay	Treasurer	1.00	Officer Director	$0	$0	$0
Tiffany Lam	Director	1.00	Director	$0	$0	$0
Robert Schneider	Director	1.00	Director	$0	$0	$0
Nusrat Mirza	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	$190,070	$308,887	$724,994	$-118,817
2024	$164,903	$460,611	$912,560	$-295,708
2023	$845,076	$314,434	$1,124,518	$530,642
2022	$691,200	$142,610	$594,149	$548,590

GREATER PALM SPRINGS TOURISM FOUNDATION