FARMINGTON TOURISM & CONVENTION BU… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

CORREA LAINIE GAULT

Phone

5737561701

Tax Period

2025-01-01 to 2025-12-31

FARMINGTON TOURISM & CONVENTION BUREAU, founded in 2010, is a micro nonprofit in the Community Improvement sector that reported $17K in total revenue in fiscal year 2025. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $299K exceeded revenue, resulting in a 1671% operating deficit.

Mission

THE SPECIFIC AND PRIMARY PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO PROMOTE THE CITY OF FARMINGTON, MO AS A TOURIST AND CONVENTION CENTER

Program Service Accomplishments

Program 1

Expenses: $298,769 Revenue: $9,186

THE GENERAL PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO OPERATE EXCLUSIVELY FOR CIVIC AND CHARITABLE PURPOSES. THIS INCLUDES PROMOTING THE CITY OF FARMINGTON, MISSOURI AS A TOURIST AND...

THE GENERAL PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO OPERATE EXCLUSIVELY FOR CIVIC AND CHARITABLE PURPOSES. THIS INCLUDES PROMOTING THE CITY OF FARMINGTON, MISSOURI AS A TOURIST AND CONVENTION CENTER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $9,186

Program Service Revenue $0

Investment Income $7,687

Other Revenue $0

TOTAL REVENUE $16,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113

Fundraising Expenses $0

Program Expenses $298,769

Other Expenses $298,656

TOTAL EXPENSES $298,769

Year-over-Year Comparison

	2025	2024	Change
Revenue	$16,873	$686,052	-1.0%
Expenses	$298,769	$289,281	+0.0%
Net Income	$-281,896	$396,771	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY HORTON	DIRECTOR	N/A	Director	$0	$0	$0
VANESSA PEGRAM	DIRECTOR	N/A	Director	$0	$0	$0
ANGIE WINCH	DIRECTOR	N/A	Director	$0	$0	$0
CORREA LAINIE GAULT	SECRETARY	N/A	Officer	$0	$0	$0
JOAN HURST	PRESIDENT	N/A	Officer	$0	$0	$0
TERI MORTON	TREASURER	N/A	Officer	$0	$0	$0
LISA SUMPTER	VICE PRESIDE	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
2025	$16,873	$298,769	$309,643	$-281,896
2024	$686,052	$289,281	$591,539	$396,771
2023	$259,303	$213,417	$194,768	$45,886
2022	$306,214	$237,605	$148,882	$68,609
2021	$137,273	$215,399	$80,273	$-78,126
2020	$213,181	$202,671	$158,399	$10,510
2019	$441,378	$377,224	$147,889	$64,154

FARMINGTON TOURISM & CONVENTION BUREAU