GREATER SPRINGFIELD CONVENTION & V… - 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

1978

Legal Domicile

Principal Officer

MICHAEL MCDORMAN

Phone

9373257621

Tax Period

2024-01-01 to 2024-12-31

GREATER SPRINGFIELD CONVENTION & VISITOR BUREAU, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $961K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $904K left a modest 6% surplus.

Mission

TO PROMOTE TOURISM IN SPRINGFIELD AND CLARK COUNTY OHIO.

Program Service Accomplishments

Program 1

USED MULTIPLE FORMS OF ADVERTISING TO GENERATE INTEREST IN SPRINGFIELD AND CLARK COUNTY. ADDITIONALLY, THERE WERE OFFICE EXPENSES ASSOCIATED WITH DESIGNING AND PRINTING THE ADVERTISMENTS.

Program 2

ISSUED GRANTS TO LOCAL NON-PROFITS TO SPEND IN AN EFFORT TO COORDINATE COMMUNITY BRANDED ADVERTISING LITERATURE HIGHLIGHTING LOCAL MUSEUMS AND EVENTS TO BRING IN TOURISM. IN ADDITION, GRANTS WERE...

ISSUED GRANTS TO LOCAL NON-PROFITS TO SPEND IN AN EFFORT TO COORDINATE COMMUNITY BRANDED ADVERTISING LITERATURE HIGHLIGHTING LOCAL MUSEUMS AND EVENTS TO BRING IN TOURISM. IN ADDITION, GRANTS WERE ISSUED TO LOCAL ORGANIZATIONS TO HIGHLIGHT AND PROMOTE CULTURAL TOURISM IN SPRINGFIELD.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $638,524

Program Service Revenue $301,658

Investment Income $10,338

Other Revenue $10,722

TOTAL REVENUE $961,242

Expense Breakdown

Grants Paid $15,175

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $888,567

TOTAL EXPENSES $903,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$961,242	$880,980	+0.1%
Expenses	$903,742	$830,557	+0.1%
Net Income	$57,500	$50,423	+0.1%

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

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

$312,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY KREIGER	DIRECTOR	1.00	Director	$0	$0	$0
JESSIMI JONES	DIRECTOR	1.00	Director	$0	$0	$0
JIM SCOBY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LOFTIS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN O'NEILL	DIRECTOR	1.00	Director	$0	$0	$0
LEANN CASTILLO	DIRECTOR	1.00	Director	$0	$0	$0
MARTA WOJCIK	DIRECTOR	1.00	Director	$0	$0	$0
ROB RUE	DIRECTOR	1.00	Director	$0	$0	$0
DAREN COTTER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL MCDORMAN	PRESIDENT	25.00	Officer	$0	$31,326	$312,123

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	$961,242	$903,742	$628,761	$57,500
2023	$880,980	$830,557	$612,922	$50,423
2022	$855,637	$778,869	$513,705	$76,768
2021	$869,091	$796,092	$445,946	$72,999
2020	$497,119	$540,797	$350,178	$-43,678
2019	$721,221	$682,721	$417,168	$38,500
2018	$665,765	$670,205	$344,587	$-4,440

GREATER SPRINGFIELD CONVENTION & VISITOR BUREAU