BLOOMINGTON-NORMAL AREA CONVENTION & VISITORS BUREAU (EIN 331037577) - 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

2003

Legal Domicile

Principal Officer

SCOTT BLACK

Phone

3096650033

Tax Period

2023-07-01 to 2024-06-30

BLOOMINGTON-NORMAL AREA CONVENTION & VISITORS BUREAU, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION WORKS TO ENHANCE THE REGION'S ECONOMIC VITALITY.

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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 $1,342,178

Program Service Revenue $103,161

Investment Income $5,286

Other Revenue $5,237

TOTAL REVENUE $1,455,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $437,890

Fundraising Expenses $0

Program Expenses $1,387,851

Other Expenses $1,104,848

TOTAL EXPENSES $1,542,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,455,862	$1,449,277	+0.0%
Expenses	$1,542,738	$1,437,832	+0.1%
Net Income	$-86,876	$11,445	-8.6%

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

$133,651

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BLACK	ASSOCIATE MEMBER	1.00	Officer Director	$0	$0	$0
CHERYL MAGNUSON	SECRETARY	1.00	Director	$0	$0	$0
TARI RENNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN BOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
MIGIDI TEMBO	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH WHISMAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MELISSA LIBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY BYARS	COUNCILMEMBER	1.00	Director	$0	$0	$0
TOM CRUMPLER	COUNCILMEMBER	1.00	Director	$0	$0	$0
ANTHONY NELSON	BOARD MEMBER	0.00	Director	$0	$0	$0
CRYSTAL HOWARD	FORMER PRESIDENT & CEO	40.00	Officer	$116,429	$17,222	$133,651
MARTY HICKMAN	INTERIM EXECUTIVE DIRECTOR	40.00	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	$1,455,862	$1,542,738	$2,341,845	$-86,876
2023	$1,449,277	$1,437,832	$2,647,388	$11,445
2022	$968,562	$992,247	$2,292,815	$-23,685
2021	$758,705	$735,546	$2,316,285	$23,159
2020	$1,001,528	$1,030,822	$2,276,805	$-29,294
2019	$1,241,818	$1,188,206	$2,357,649	$53,612
2018	$1,240,844	$1,233,348	$2,346,996	$7,496

BLOOMINGTON-NORMAL AREA CONVENTION & VISITORS BUREAU