HOWARD CTY CONVENT'N & VISITORS COMM INC (EIN 351995729) - 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

1982

Legal Domicile

Principal Officer

KIRK DANIELS

Phone

7654576802

Tax Period

2024-01-01 to 2024-12-31

HOWARD CTY CONVENT'N & VISITORS COMM INC, founded in 1982, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $4.3M exceeded revenue, resulting in a 139% operating deficit.

Mission

TO PROMOTE HOWARD COUNTY TO VISITORS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,746,536

Investment Income $62,842

Other Revenue $0

TOTAL REVENUE $1,809,378

Expense Breakdown

Grants Paid $3,750,000

Salaries & Benefits $114,056

Fundraising Expenses $0

Other Expenses $468,574

TOTAL EXPENSES $4,332,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,809,378	$1,415,930	+0.3%
Expenses	$4,332,630	$975,845	+3.4%
Net Income	$-2,523,252	$440,085	-6.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
KIRK DANIELS	PRESIDENT	Officer Director	$0	$0	$0
JEFF GRIFFIN	DIRECTOR	Director	$0	$0	$0
DEAN HOCKNEY	DIRECTOR	Director	$0	$0	$0
PAM ISAAC	DIRECTOR	Director	$0	$0	$0
BAMBI ROE	TREASURER	Officer Director	$0	$0	$0
JENNIFER ROLLINS	DIRECTOR	Director	$0	$0	$0
JOHN SARBER	DIRECTOR	Director	$0	$0	$0
JOE THATCHER	DIRECTOR	Director	$0	$0	$0
CHRISTINA WELCH	VICE PRESIDENT	Officer Director	$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	$1,809,378	$4,332,630	$2,122,303	$-2,523,252
2023	$1,415,930	$975,845	$4,648,182	$440,085
2022	$1,207,526	$520,852	$4,215,879	$686,674
2021	$999,446	$278,072	$3,524,355	$721,374
2020	$804,965	$409,778	$2,801,483	$395,187
2019	$862,412	$547,048	$2,617,511	$315,364
2018	$683,557	$316,675	$2,095,634	$366,882

HOWARD CTY CONVENT'N & VISITORS COMM INC