GREAT LAKES BAY REGIONAL CONVENTION & VISITORS BUREAU (EIN 273763312) - 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

2011

Legal Domicile

Principal Officer

ANNETTE RUMMEL

Phone

9897527164

Tax Period

2023-01-01 to 2023-12-31

GREAT LAKES BAY REGIONAL CONVENTION & VISITORS BUREAU, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2023.

Mission

PROMOTION OF CONVENTIONS & TOURISM IN SAGINAW, BAY, AND MIDLAND COUNTIES

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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 $0

Program Service Revenue $2,708,957

Investment Income $1,276

Other Revenue $3,570

TOTAL REVENUE $2,713,803

Expense Breakdown

Grants Paid $550,000

Salaries & Benefits $936,583

Fundraising Expenses $0

Other Expenses $1,437,650

TOTAL EXPENSES $2,924,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,713,803	$2,777,870	0.0%
Expenses	$2,924,233	$1,946,920	+0.5%
Net Income	$-210,430	$830,950	-1.3%

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

Total Directors

Key Employees

$216,803

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE RUMMEL	PRESIDENT	40.00	Key Emp	$216,803	$0	$216,803
GINA BAUSCHATZ	DIRECTOR	1.00	Director	$0	$0	$0
MARK BONE	DIRECTOR	1.00	Director	$0	$0	$0
DAWN CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CANDERS	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE FOURNIER	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG GOSLIN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH LUMBERT	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS POIRIER	DIRECTOR	1.00	Director	$0	$0	$0
RICH SPITZER	DIRECTOR	1.00	Director	$0	$0	$0
RAY VAN DRIESSCHE	CHAIRMAN	1.00	Officer	$0	$0	$0
DEREK GRIMALDI	CHAIRMAN	1.00	Officer	$0	$0	$0
PETE SHAHEEN	VICE CHAIRMA	1.00	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	$2,713,803	$2,924,233	$3,278,031	$-210,430
2022	$2,777,870	$1,946,920	$2,930,535	$830,950
2021	$2,732,419	$1,505,605	$2,058,433	$1,226,814
2020	$1,935,500	$1,618,435	$859,190	$317,065
2019	$2,718,438	$2,732,616	$524,209	$-14,178
2018	$2,778,017	$2,623,195	$954,744	$154,822

GREAT LAKES BAY REGIONAL CONVENTION & VISITORS BUREAU