CHARLESTON AREA CONVENTION & VISITORS BUREAU (EIN 030386059) - 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

2002

Legal Domicile

Principal Officer

HELEN T HILL

Phone

8438538000

Tax Period

2023-07-01 to 2024-06-30

CHARLESTON AREA CONVENTION & VISITORS BUREAU, founded in 2002, is a mid-sized nonprofit in the Community Improvement sector that reported $32.3M in total revenue in fiscal year 2023. Expenses of $30.3M left a modest 6% surplus.

Mission

TO UNIFY AND LEAD THE LOCAL TRAVEL INDUSTRY IN MARKETING AND MANAGING THE CHARLESTON AREA AS AN INDIVIDUAL, MEETING, INCENTIVE, AND GROUP DESTINATION TO BOTH THE DOMESTIC AND INTERNATIONAL MARKETS.

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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 $26,614,156

Program Service Revenue $4,982,887

Investment Income $603,126

Other Revenue $136,384

TOTAL REVENUE $32,336,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,097,993

Fundraising Expenses $0

Program Expenses $28,649,609

Other Expenses $23,201,463

TOTAL EXPENSES $30,299,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,336,553	$31,720,548	+0.0%
Expenses	$30,299,456	$28,651,937	+0.1%
Net Income	$2,037,097	$3,068,611	-0.3%

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

Governance

Voting Members

Independent Members

Employees

104

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

$364,413

Total Directors

Key Employees

$169,755

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL BORICK	ASSOCIATION REP	0.00	Director	$0	$0	$0
TERRY SEDALIK	ASSOCIATION REP	0.00	Director	$0	$0	$0
OLIVER ROOSKENS	AT-LARGE ACCOMMODATIONS	0.00	Director	$0	$0	$0
MICHELLE WOODHULL	EXECUTIVE COMMITTEE	0.00	Director	$0	$0	$0
PATRICK ROGERS	AT-LARGE ACCOMMODATIONS	0.00	Director	$0	$0	$0
MATT BARBA	AT-LARGE ACCOMMODATIONS	0.00	Director	$0	$0	$0
FEMI OYEDIRAN	AT-LARGE ALLIED	0.00	Director	$0	$0	$0
FRANK LAPSLEY	AT-LARGE ALLIED	0.00	Director	$0	$0	$0
JIMMY HAGOOD	AT-LARGE ALLIED	0.00	Director	$0	$0	$0
JOHN KEENER	AT-LARGE ALLIED	0.00	Director	$0	$0	$0
CASEY LAVIN	AT-LARGE ACCOMMODATIONS	0.00	Director	$0	$0	$0
RICK MOSTELLER	AT-LARGE ALLIED	0.00	Director	$0	$0	$0
JONATHAN KISH	ASSOCIATION REP	0.00	Director	$0	$0	$0
RHETT OUTTEN	AT-LARGE ALLIED	0.00	Director	$0	$0	$0
DAN BATTISTA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL TALL	CHAIRMAN'S APPOINTEE	1.00	Officer Director	$0	$0	$0
DAN BLUMENSTOCK	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID TART	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
ED RIGGS	COMMITTEE CHAIRMAN	0.00	Director	$0	$0	$0
JOHN LAVERNE	PAST BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID JENNINGS	TREASURER	1.00	Officer Director	$0	$0	$0
GUANG MING WHITLEY	MUNICIPALITY REP	0.00	Director	$0	$0	$0
TIMOTHY GOODWIN	MUNICIPALITY REP	0.00	Director	$0	$0	$0
HERB SASS	MUNICIPALITY REP	0.00	Director	$0	$0	$0
JOHNNY CRIBB	MUNICIPALITY REP	0.00	Director	$0	$0	$0
BRADLEY BELT	MUNICIPALITY REP	0.00	Director	$0	$0	$0
JACK BENNETT	AT-LARGE ACCOMMODATIONS	0.00	Director	$0	$0	$0
JAIMIE DEWBERRY	AT-LARGE ACCOMMODATIONS	0.00	Director	$0	$0	$0
MICHAEL SEEKINGS	MUNICIPALITY REP	0.00	Director	$0	$0	$0
MIMI STRIPLIN	AT-LARGE ALLIED	0.00	Director	$0	$0	$0
DR ANDREW HSU	AT-LARGE ALLIED	0.00	Director	$0	$0	$0
PHILLIP POUNDS	MUNICIPALITY REP	0.00	Director	$0	$0	$0
REGGIE BURGESS	MUNICIPALITY REP	0.00	Director	$0	$0	$0
BRUCE KLEINMAN	MUNICIPALITY REP	0.00	Director	$0	$0	$0
HELEN HILL	CEO/BOARD SECRETARY	50.00	Officer	$302,922	$61,491	$364,413
CHRISTOPHER CAMPBELL	VP-STRATEGY & EXTERNAL AFFAIRS	40.00	Key Emp	$159,207	$10,548	$169,755
ANNE MCEWEN	DIRECTOR OF MEMBERSHIP DEV	40.00	Highest	$254,030	$47,046	$301,076
LAURIE SMITH	CHIEF OF STAFF	40.00	Highest	$218,700	$45,372	$264,072
CATHERINE DORITY	VP-MARKETING	40.00	Highest	$165,442	$24,272	$189,714
DOUG WARNER	EXECUTIVE VICE PRESIDENT	40.00	Highest	$208,578	$35,421	$243,999
ANDY RANKIN	VP-INVESTOR RELATIONS	50.00	Highest	$361,026	$41,913	$402,939

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	$32,336,553	$30,299,456	$23,239,836	$2,037,097
2023	$31,720,548	$28,651,937	$21,116,309	$3,068,611
2022	$29,781,081	$24,266,907	$17,210,458	$5,514,174
2021	$19,916,922	$16,752,352	$13,871,634	$3,164,570
2020	$18,884,277	$19,108,047	$8,826,040	$-223,770
2019	$19,736,343	$20,164,732	$7,142,974	$-428,389
2018	$19,210,801	$19,851,260	$5,431,955	$-640,459

CHARLESTON AREA CONVENTION & VISITORS BUREAU