CONVENTION & VISITORS BUREAU OF GREATER PORTLAND

EIN: 010384674

PORTLAND, ME

Total Revenue
$1,390,543
Total Expenses
$1,508,778
Total Assets
$398,794
Net Assets
$215,800
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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
1982
Legal Domicile
ME
Principal Officer
LYNN TILLOTSON
Phone
2077724994
Tax Period
2023-01-01 to 2023-12-31

CONVENTION & VISITORS BUREAU OF GREATER PORTLAND, founded in 1982, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE CONVENTION AND VISITORS BUREAU IS PROMOTION OF THE GREATER PORTLAND MAINE AREA.

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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 $575,454
Program Service Revenue $389,577
Investment Income $1,263
Other Revenue $424,249
TOTAL REVENUE $1,390,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $604,820
Fundraising Expenses $0
Other Expenses $903,958
TOTAL EXPENSES $1,508,778

Year-over-Year Comparison

2023 2022 Change
Revenue $1,390,543 $1,501,947 -0.1%
Expenses $1,508,778 $1,537,465 0.0%
Net Income $-118,235 $-35,518 +2.3%
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

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Governance

Voting Members
21
Independent Members
21
Employees
28
Volunteers
26

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
6
$172,034
Total Directors
21
$0
Key Employees
2
$172,034
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TILLOTSON LYNN PRESIDENT, CEO 40.00
Officer Key Emp Highest
$98,871 $1,421 $100,292
TOLK AMY VICE PRESIDENT, CFO 40.00
Officer Key Emp
$70,735 $1,007 $71,742
ALVAREZ TAWNY DIRECTOR 0.25
Director
$0 $0 $0
BRIGGS MICHAEL DIRECTOR 0.25
Director
$0 $0 $0
BROMAGE STEPHEN DIRECTOR 0.25
Director
$0 $0 $0
COFFIN DAVID DIRECTOR 0.25
Director
$0 $0 $0
GAMBARDELLA JEFF DIRECTOR 0.25
Director
$0 $0 $0
ERICKSON MICHAEL DIRECTOR 0.25
Director
$0 $0 $0
LASALLE MAUREEN DIRECTOR 0.25
Director
$0 $0 $0
MICHUAD TRACY DIRECTOR 0.25
Director
$0 $0 $0
SUTTON EMILY DIRECTOR 0.25
Director
$0 $0 $0
OAKES CASEY DIRECTOR 0.25
Director
$0 $0 $0
PATRY NORMAN DIRECTOR 0.25
Director
$0 $0 $0
WHIPPLE KARL DIRECTOR 0.25
Director
$0 $0 $0
RUGABA DAMAS DIRECTOR 0.25
Director
$0 $0 $0
SPILLER PHIL DIRECTOR 0.25
Director
$0 $0 $0
SULLIVAN SHAWN DIRECTOR 0.25
Director
$0 $0 $0
TURIN DAVID DIRECTOR 0.25
Director
$0 $0 $0
GOLDBERG ADAM VICE CHAIR 0.25
Director
$0 $0 $0
LITTLEFIELD DON SECRETARY 0.25
Officer Director
$0 $0 $0
SCHULTZEL JOHN CHAIR 0.25
Officer Director
$0 $0 $0
LAFAYETTE KEN TREASURER 0.25
Officer Director
$0 $0 $0
LARGAY TOM EXECUTIVE COMMITTEE 0.25
Officer 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
2024 No data No data No data No data
2023 $1,390,543 $1,508,778 $398,794 $-118,235
2022 $1,501,947 $1,537,465 $533,469 $-35,518
2021 $741,115 $686,770 $563,151 $54,345
2020 $696,649 $642,770 $487,008 $53,879
2019 $1,226,897 $1,240,427 $271,469 $-13,530
2018 $1,125,931 $1,103,324 $317,350 $22,607
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