Charlevoix Area Convention and Visitors Bureau Inc (EIN 201671084) - 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

2004

Legal Domicile

Principal Officer

Amanda Wilkin

Phone

2315472101

Tax Period

2023-01-01 to 2023-12-31

Charlevoix Area Convention and Visitors Bureau Inc, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $602K in total revenue in fiscal year 2023. The organization ran a surplus of $110K, a strong 18% operating margin.

Mission

To positively impact the area's economy by marketing Charlevoix as an overnight travel destination.

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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 $0

Program Service Revenue $594,556

Investment Income $7,782

Other Revenue $0

TOTAL REVENUE $602,338

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $161,153

Fundraising Expenses $11,737

Program Expenses $458,563

Other Expenses $326,160

TOTAL EXPENSES $492,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$602,338	$607,850	0.0%
Expenses	$492,313	$492,786	0.0%
Net Income	$110,025	$115,064	0.0%

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

$78,367

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amanda Wilkin	Executive Dir.	40.00	Officer	$78,367	$0	$78,367
Tyler Goodwin	President	2.00	Officer Director	$0	$0	$0
Marjaree Forbes	Vice President	1.00	Officer Director	$0	$0	$0
Elizabeth Rich	Treas/Secretary	2.00	Officer Director	$0	$0	$0
Edward Smith	Director	1.00	Director	$0	$0	$0
Jessica Anderson	Director	1.00	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
2024	No data	No data	No data	No data
2023	$602,338	$492,313	$699,266	$110,025
2022	$607,850	$492,786	$584,501	$115,064
2021	$556,376	$310,100	$444,553	$246,276
2020	$244,471	$225,614	$204,047	$18,857
2019	$297,121	$337,519	$179,230	$-40,398
2018	$334,190	$320,088	$218,209	$14,102

Charlevoix Area Convention and Visitors Bureau Inc