RINGGOLD CONVENTION AND VISITORS BUREAU INC (EIN 270154443) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

JAMIE KLEMENTISZ

Phone

7069353061

Tax Period

2023-01-01 to 2023-12-31

RINGGOLD CONVENTION AND VISTORS BUREAU INC, founded in 2008, is a small nonprofit in the Unknown sector that reported $177K in total revenue in fiscal year 2020. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $230K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE RINGGOLD CONVENTION AND VISITORS BUREAU'S(CVB)PURPOSE IS TO PROVIDE FOR THE ENCOURGEMENT, SOLICITATION, PROMOTION, PROCUREMENT AND SERVICING OF CONVENTIONS, CONFERENCES, SEMINARS, EVENTS AND THE DEVELOPMENT OF TOURISM THROUGH THE ATTRACTION OF VISTORS TO RINGGOLD, GEORGIA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $65,868

Investment Income $0

Other Revenue $482,993

TOTAL REVENUE $548,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,893

Fundraising Expenses $0

Program Expenses $390,469

Other Expenses $331,184

TOTAL EXPENSES $445,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$548,861	$445,374	+0.2%
Expenses	$445,077	$383,676	+0.2%
Net Income	$103,784	$61,698	+0.7%

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

$41,629

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE KLEMENTISZ	CEO	30.00	Officer	$41,629	$0	$41,629
DR RONALD D GRAHAM	CHAIRMAN	N/A	Director	$0	$0	$0
RON HENDERSON	DIRECTOR	N/A	Director	$0	$0	$0
MARCEY KERNEA	VICE CHAIRMA	N/A	Director	$0	$0	$0
TAMMY ROBERSON	DIRECTOR	N/A	Director	$0	$0	$0
RHONDA SWANEY	DIRECTOR	N/A	Director	$0	$0	$0
GINA WILSON	CFO	N/A	Officer	$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	$548,861	$445,077	$458,681	$103,784
2022	$445,374	$383,676	$344,738	$61,698
2021	$302,897	$285,682	$290,889	$17,215
2020	$177,380	$230,186	$267,717	$-52,806

RINGGOLD CONVENTION AND VISITORS BUREAU INC