GREATER SPRINGFIELD CONVENTION AND… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

MARY KATHRYN WYDRA

Phone

4137871548

Tax Period

2024-07-01 to 2025-06-30

GREATER SPRINGFIELD CONVENTION AND VISITORS BUREAU INC, founded in 1985, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024.

Mission

TO PROMOTE WESTERN MASS AS A YEAR ROUND DESTINATION FOR CONVENTIONS, MEETINGS, SPORTS, GROUP TOURS AND LEISURE TRAVEL VIA PROMOTION, ADVERTISING AND MARKETING PROGRAMS.

Program Service Accomplishments

Program 1

PROMOTE TOURISM IN WESTERN MASS THROUGH THE VISITORS GUIDE, VARIOUS PRINT PUBLICATIONS AND ON THE INTERNET.

Program 2

PRESENT HOSPITALITY EXCELLENCE AWARDS TO MEMBERS THROUGHOUT THE REGION.

Program 3

HOTEL ROOM AGGREGATION FOR CONVENTION CENTER SALES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,845,757

Program Service Revenue $302,398

Investment Income $34,926

Other Revenue $0

TOTAL REVENUE $2,183,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,779

Fundraising Expenses $0

Other Expenses $1,644,762

TOTAL EXPENSES $2,137,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,183,081	$2,217,482	0.0%
Expenses	$2,137,541	$2,200,517	0.0%
Net Income	$45,540	$16,965	+1.7%

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

N/A

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

Total Directors

Key Employees

$184,617

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY KATHRYN WYDRA	PRESIDENT	37.50	Key Emp Highest	$0	$21,369	$184,617
ANTHONY FRASCO	DIRECTOR	0.50	Director	$0	$0	$0
SHARDOOL PARMAR	DIRECTOR	0.50	Director	$0	$0	$0
RAY BERRY	DIRECTOR	0.50	Director	$0	$0	$0
DAVID GRIFFIN JR	CLERK	0.50	Officer Director	$0	$0	$0
KAY SIMPSON	IMMEDIATE PAST CHAIR	0.50	Officer Director	$0	$0	$0
GLENN WELCH	DIRECTOR	0.50	Director	$0	$0	$0
MICK CORDUFF	DIRECTOR	0.50	Director	$0	$0	$0
PETER CARMICHAEL	VICE CHAIR	0.50	Director	$0	$0	$0
GENE CASSIDY	CHAIR	0.50	Officer Director	$0	$0	$0
NATE COSTA	DIRECTOR	0.50	Director	$0	$0	$0
HERSHAL PATEL	DIRECTOR	0.50	Director	$0	$0	$0
WADE BASSETT	DIRECTOR	0.50	Director	$0	$0	$0
SEAN DOLAN	DIRECTOR	0.50	Director	$0	$0	$0
KELLY FELLNER	DIRECTOR	0.50	Director	$0	$0	$0
ASSAAD HALLAK	DIRECTOR	0.50	Director	$0	$0	$0
BRENDA MCGILLICUDDY	COMPLIANCE OFFICER	0.50	Officer Director	$0	$0	$0
JEREMIAH MICKA	DIRECTOR	0.50	Director	$0	$0	$0
TIM SHEEHAN	DIRECTOR	0.50	Director	$0	$0	$0
ALISA SISIC	DIRECTOR	0.50	Director	$0	$0	$0
GUS KIM	DIRECTOR	0.50	Director	$0	$0	$0
DINESH PATEL	DIRECTOR	0.50	Director	$0	$0	$0
EDISON YEE	TREASURER	0.50	Officer Director	$0	$0	$0
MANSOUR GHALIBAF	DIRECTOR	0.50	Director	$0	$0	$0
LEE POULIOT	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL KNAPIK	DIRECTOR	0.50	Director	$0	$0	$0
RALPH SANTANIELLO	DIRECTOR	0.50	Director	$0	$0	$0
PETER PICKNELLY	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN SENECAL	DIRECTOR	0.50	Director	$0	$0	$0
JOHN DOLEVA	DIRECTOR	0.50	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
2025	$2,183,081	$2,137,541	$1,248,036	$45,540
2024	$2,217,482	$2,200,517	$1,306,676	$16,965
2023	$1,806,144	$1,707,594	$1,446,561	$98,550
2022	$1,453,550	$1,461,094	$1,298,012	$-7,544
2021	$1,306,218	$1,236,824	$1,043,083	$69,394
2020	$1,590,999	$1,414,067	$970,831	$176,932
2019	$1,259,116	$1,248,513	$618,547	$10,603

GREATER SPRINGFIELD CONVENTION AND VISITORS BUREAU INC