VISIT MORRO BAY

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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

2021

Principal Officer

AMISH PATEL

Phone

8052257411

Tax Period

2023-07-01 to 2024-06-30

VISIT MORRO BAY, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE THE BUSINESS CONDITIONS AND THE BUSINESS ENVIRONMENT FOR THE TOURISM BUSINESSES IN THE CITY OF MORRO BAY THROUGH THE DEVELOPMENT OF A TOURISM BUSINESS IMPROVEMENT DISTRICT AND OTHER INITIATIVES.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE CORPORATION SHALL BE TO PROMOTE MORRO BAY TOURISM THROUGH THE DEVELOPMENT AND OPERATION OF THE MORRO BAY TOURISM BUSINESS IMPROVEMENT DISTRICT AND OTHER PROGRAMS AND INITIATIVES

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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 $1,088,194

Program Service Revenue $0

Investment Income $194

Other Revenue $0

TOTAL REVENUE $1,088,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,512,924

TOTAL EXPENSES $1,512,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,088,388	$1,722,518	-0.4%
Expenses	$1,512,924	$888,264	+0.7%
Net Income	$-424,536	$834,254	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ELZER	SECRETARY	6.00	Director	$0	$0	$0
CHRISTOPHER KOSTECKA	VICE CHAIR	6.00	Director	$0	$0	$0
AMISH PATEL	CHAIR	10.00	Director	$0	$0	$0
MARK ROEMER	TREASURER	6.00	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	No data	No data	No data	No data
2024	$1,088,388	$1,512,924	$1,006,074	$-424,536
2023	$1,722,518	$888,264	$1,429,264	$834,254
2022	$1,211,399	$616,884	$595,493	$594,515