PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PHILADELPHIA CONVENTION & VISITORS BUREAU, founded in 1942, is a mid-sized nonprofit that reported $24.7M in total revenue in fiscal year 2024. Expenses of $23.4M left a modest 5% surplus.
THE PHILADELPHIA CONVENTION & VISITORS BUREAU (PHLCVB) IS THE OFFICIAL TOURISM PROMOTION AGENCY FOR THE CITY OF PHILADELPHIA GLOBALLY, AND THE SALES AND MARKETING AGENCY FOR THE PENNSYLVANIA CONVENTION CENTER (PCC). PHLCVB MARKETS PHILADELPHIA AS A TOP DESTINATION FOR MEETINGS, CONVENTIONS, SPORTING EVENTS AND INTERNATIONAL LEISURE TOURISM. IN FISCAL 2025, THE PHLCVB HOSTED 267 EVENTS IN TOTAL, INCLUDING 21 CITYWIDE EVENTS (THOSE WITH OVER 2,000 ROOM NIGHTS ON PEAK) THAT BOOSTED THE LOCAL ECONOMY. THESE EVENTS RESULTED IN 410 MILLION IN DIRECT SPEND AND 636 MILLION IN ECONOMIC IMPACT, WHICH GENERATED 27.2 MILLION IN LOCAL TAX REVENUE AND 31.9 MILLION IN STATE TAX REVENUE. KEY PROGRAMS INCLUDED: -CONVENTION SALES: SALES AND INCENTIVE EFFORTS TO ATTRACT, BOOK, AND REBOOK MAJOR CONVENTIONS, TRADESHOWS, MEETINGS, AND SPORTING EVENTS TO POSITION PHILADELPHIA AS A PREMIER MEETING DESTINATION AROUND THE WORLD. -DESTINATION SERVICES: CONNECTING MEETING PLANNERS WITH PHILADELPHIA STAKEHOLDERS I
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $24,719,214 | $23,404,663 | +0.1% |
| Expenses | $23,427,108 | $21,201,108 | +0.1% |
| Net Income | $1,292,106 | $2,203,555 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GREGG CAREN | PRES. & CEO | 50.00 |
Officer
|
$566,582 | $52,375 | $618,957 |
| MARIA GRASSO | CHIEF SALES | 50.00 |
Officer
|
$299,470 | $64,522 | $363,992 |
| LARRY NEEDLE | EXEC DIR PH | 50.00 |
Officer
|
$245,727 | $52,560 | $298,287 |
| ARTHUR M AYRES | CFO | 50.00 |
Officer
|
$208,290 | $60,259 | $268,549 |
| JOSEPH HELLER | CMO | 50.00 |
Highest
|
$224,323 | $39,670 | $263,993 |
| BONNIE GRANT | EX DIR PHL L | 50.00 |
Highest
|
$201,287 | $41,650 | $242,937 |
| JASON JORDAN | VP CONVENTIO | 50.00 |
Highest
|
$159,375 | $65,622 | $224,997 |
| KEVIN RICHARD | NAT'L ACCOUN | 50.00 |
Highest
|
$188,404 | $24,409 | $212,813 |
| CHRISTINE SPENCER | MARKETING DI | 50.00 |
Highest
|
$142,390 | $37,973 | $180,363 |
| SEE ATTACHED FOR THE BOD LIST | BOD | N/A |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $24,719,214 | $23,427,108 | $27,841,017 | $1,292,106 |
| 2024 | $23,404,663 | $21,201,108 | $25,481,525 | $2,203,555 |
| 2023 | $18,769,517 | $16,801,073 | $24,266,720 | $1,968,444 |
| 2022 | $20,955,897 | $12,604,123 | $21,636,489 | $8,351,774 |
| 2021 | $7,441,496 | $9,201,487 | $12,011,109 | $-1,759,991 |
| 2020 | $17,346,622 | $16,780,315 | $10,682,629 | $566,307 |
| 2019 | $20,555,890 | $19,071,910 | $12,165,571 | $1,483,980 |
| 2018 | $18,228,275 | $17,012,135 | $10,116,668 | $1,216,140 |
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