THE FREDERICKSBURG CONVENTION & VISITOR BUREAU (EIN 203487121) - 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

2005

Legal Domicile

Principal Officer

BRADY CLOSSON

Phone

8309976523

Tax Period

2023-10-01 to 2024-09-30

THE FREDERICKSBURG CONVENTION & VISITOR BUREAU, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $5.4M in total revenue in fiscal year 2023. The organization ran a surplus of $879K, a strong 16% operating margin.

Mission

THE MISSION OF THE FREDERICKSBURG CONVENTION AND VISITOR BUREAU IS TO MARKET FREDERICKSBURG AND GILLESPIE COUNTY AS A PREMIER TRAVEL DESTINATION ON THE REGIONAL, NATIONAL AND INTERNATIONAL STAGE THEREBY CREATING A POSITIVE IMPACT ON THE LOCAL ECONOMY AND THE QUALITY OF LIFE HERE.

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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 $5,334,914

Program Service Revenue $0

Investment Income $29,640

Other Revenue $20,000

TOTAL REVENUE $5,384,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,408,518

Fundraising Expenses $0

Other Expenses $3,096,772

TOTAL EXPENSES $4,505,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,384,554	$5,340,517	+0.0%
Expenses	$4,505,290	$3,923,392	+0.1%
Net Income	$879,264	$1,417,125	-0.4%

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

$451,288

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE BARTER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KATELYN DUECKER EAMES	SECRETARY	1.00	Officer Director	$0	$0	$0
JESSICA MITTEL	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID SHIELDS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ABBY MCCULLOCH MUND CMP	DIRECTOR	0.50	Director	$0	$0	$0
LINDA GOLDSMITH	DIRECTOR	0.50	Director	$0	$0	$0
KATHERINE GRAHAM	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW PIPKIN	DIRECTOR	0.50	Director	$0	$0	$0
MARY ANN TURBEVILLE	DIRECTOR	0.50	Director	$0	$0	$0
KK WELCH	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS PERRENOUD	DIRECTOR	0.50	Director	$0	$0	$0
KEITH KRAMER	DIRECTOR	0.50	Director	$0	$0	$0
RANDY BRILEY	DIRECTOR	0.50	Director	$0	$0	$0
BRADY CLOSSON	PRESIDENT/CEO	40.00	Officer	$197,529	$22,197	$219,726
JENNIFER STAUDT	VP FINANCE, HR AND ADMIN	40.00	Officer	$102,336	$13,894	$116,230
KARYN MAYO	VP OF SALES	40.00	Officer	$97,476	$17,856	$115,332

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	$5,384,554	$4,505,290	$5,167,709	$879,264
2023	$5,340,517	$3,923,392	$3,789,062	$1,417,125
2022	$4,246,557	$3,462,277	$2,343,003	$784,280
2021	$3,116,979	$2,678,289	$1,562,792	$438,690
2020	$2,497,539	$2,527,526	$1,097,222	$-29,987
2019	$2,881,453	$2,731,698	$1,158,036	$149,755
2018	$2,675,181	$2,485,380	$998,485	$189,801

THE FREDERICKSBURG CONVENTION & VISITOR BUREAU