LIVINGSTON COUNTY TOURISM INC

EIN: 863020494 Community Improvement

GENESEO, NY

Total Revenue
$669,137
Total Expenses
$546,648
Total Assets
$420,644
Net Assets
$216,865
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
WILLIAM BACON
Phone
5852437124
Tax Period
2023-01-01 to 2023-12-31

LIVINGSTON COUNTY TOURISM INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $669K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $122K, a strong 18% operating margin.

Mission

THE IN-HOUSE TOURISM PROGRAM WILL ALLOW FOR A CLOSER ALIGNMENT OF THE TOURISM PROGRAM WITH CERTAIN COUNTY INITIATIVES BY OFFERING INCREASED EFFICIENCIES AND SYNERGIES THAT CAN BE UTILIZED TO LEVERAGE AND GROW OTHER AREAS OF OUR ECONOMY, SUCH AS RESIDENTIAL HOME SALES, BUSINESS ATTRACTION, INFRASTRUCTURE, AND GENERAL QUALITY-OF-LIFE FEATURES.

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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 $656,004
Program Service Revenue $0
Investment Income $74
Other Revenue $13,059
TOTAL REVENUE $669,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,916
Fundraising Expenses $0
Program Expenses $413,313
Other Expenses $472,732
TOTAL EXPENSES $546,648

Year-over-Year Comparison

2023 2022 Change
Revenue $669,137 $437,225 +0.5%
Expenses $546,648 $360,643 +0.5%
Net Income $122,489 $76,582 +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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
1
Volunteers
8

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
5
$68,711
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM BACON PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM WADSWORTH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MAUREEN WHEELER TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL FALK SECRETARY 1.00
Officer Director
$0 $0 $0
MATTHEW COLE BOARD MEMBER 1.00
Director
$0 $0 $0
CHIC YODER BOARD MEMBER 1.00
Director
$0 $0 $0
SEAN FARNSWORTH BOARD MEMBER 1.00
Director
$0 $0 $0
DON WESTER BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY BURNS DIRECTOR OF TOURISM 35.00
Officer
$65,588 $3,123 $68,711
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 $669,137 $546,648 $420,644 $122,489
2022 $437,225 $360,643 $103,144 $76,582
2021 $240,123 $222,329 $17,794 $17,794
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