NASHVILLE CONVENTION & VISITORS BUREAU (EIN 020700616) - 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

2003

Legal Domicile

Principal Officer

Deana Ivey

Phone

6152594708

Tax Period

2022-07-01 to 2023-06-30

NASHVILLE CONVENTION & VISITORS BUREAU, founded in 2003, is a mid-sized nonprofit in the Community Improvement sector that reported $44.0M in total revenue in fiscal year 2022. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

The mission of the Nashville Convention & Visitors Bureau is to maximize the economic contribution of the convention & tourism industry to Nashville, TN, which is the city's second largest industry. This industry provides jobs to approximately 70,000 people and brings over $9 billion into the local economy each year. Its health is critical to the community.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,951,899

Program Service Revenue $39,431,720

Investment Income $137,190

Other Revenue $-514,207

TOTAL REVENUE $44,006,602

Expense Breakdown

Grants Paid $2,290,500

Salaries & Benefits $12,908,241

Fundraising Expenses $0

Program Expenses $0

Other Expenses $28,194,748

TOTAL EXPENSES $43,393,489

Year-over-Year Comparison

	2022	2021	Change
Revenue	$44,006,602	$32,584,814	+0.4%
Expenses	$43,393,489	$32,414,958	+0.3%
Net Income	$613,113	$169,856	+2.6%

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

188

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

$3,160,957

Total Directors

$1,380,539

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Spyridon	CEO	50	Officer Director	$1,095,523	$285,016	$1,380,539
Deana Ivey	President	50	Officer	$448,793	$39,660	$488,453
Jeff Mefford	CFO	45	Officer	$272,694	$35,853	$308,547
Adrienne Siemers	Chief Sales Officer	45	Officer	$253,649	$38,083	$291,732
Scott Schult	Chief Marketing Officer	45	Officer	$234,551	$12,360	$246,911
Mary Arnold	Chief Public Affairs Officer	45	Officer	$203,046	$37,366	$240,412
William Wright	Sr. Vice President Sales	45	Highest	$199,333	$27,218	$226,551
Corey Hopwood	Sr. Vice President	45	Highest	$183,430	$30,994	$214,424
Heather Middleton	Sr. Vice President Marketing	45	Officer	$176,806	$27,557	$204,363
Wendy Ramirez	Sales Director	45	Highest	$161,483	$28,069	$189,552
David Spencer	Vice President Events	45	Highest	$147,311	$25,969	$173,280
Pride Haggerty	National Sales Director	45	Highest	$148,127	$10,915	$159,042
Kevin Lavender	Board Chairman	4	Director	$0	$0	$0
Maneet Chauhan	Board Member	1	Director	$0	$0	$0
Robert Fisher	Board Member	1	Director	$0	$0	$0
Marcus Whitney	Board Member	1	Director	$0	$0	$0
Ellen Pryor	Board Member	1	Director	$0	$0	$0
John Esposito	Board Member	1	Director	$0	$0	$0
Ken Levitan	Board Member	1	Director	$0	$0	$0
Patrick Chaffin	Board Member	1	Director	$0	$0	$0
Eddie George	Board Member	1	Director	$0	$0	$0
Sarah Trahern	Board Member	1	Director	$0	$0	$0
Kimberly Lewis	Board Member	1	Director	$0	$0	$0
Kevin Green	Board Member	1	Director	$0	$0	$0
Pat Martin	Board Member	1	Director	$0	$0	$0
Burke Nihill	Board Member	1	Director	$0	$0	$0
Sherry Franklin	Board Member	1	Director	$0	$0	$0
Dr Alex Jahangir	Board Member	1	Director	$0	$0	$0
Doug Kreulen	Board Member	1	Director	$0	$0	$0
Howie Nuchow	Board Member	1	Director	$0	$0	$0
Marc Sternagel	Board Member	1	Director	$0	$0	$0
Claire Tucker	Board Member	1	Director	$0	$0	$0
Ben Weprin	Board Member	1	Director	$0	$0	$0
Alberto Gonzales	Board Member	1	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	$44,006,602	$43,393,489	$22,518,813	$613,113
2022	$32,584,814	$32,414,958	$16,097,177	$169,856
2021	$21,623,147	$18,841,431	$15,667,602	$2,781,716
2020	$25,987,835	$27,234,216	$8,465,575	$-1,246,381
2019	$38,443,379	$38,424,921	$14,802,294	$18,458
2018	$33,136,051	$32,461,788	$11,748,916	$674,263

NASHVILLE CONVENTION & VISITORS BUREAU