DETROIT METRO CONVENTION AND VISITORS BUREAU (EIN 380478370) - 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

1932

Legal Domicile

Principal Officer

CLAUDE MOLINARI

Phone

3132021800

Tax Period

2023-01-01 to 2023-12-31

DETROIT METRO CONVENTION AND VISITORS BUREAU, founded in 1932, is a mid-sized nonprofit that reported $21.6M in total revenue in fiscal year 2023. The organization ran a surplus of $3.9M, a strong 18% operating margin.

Mission

TO MARKET AND SELL THE METRO DETROIT REGION TO BUSINESS AND LEISURE VISITORS IN ORDER TO MAXIMIZE ECONOMIC IMPACT; CONTINUOUS IMPROVEMENT OF THE REGION AS A DYNAMIC AND MEMORABLE TOURISM DESTINATION.

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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 $57,901

Program Service Revenue $19,610,172

Investment Income $326,973

Other Revenue $1,626,324

TOTAL REVENUE $21,621,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,897,070

Fundraising Expenses $0

Program Expenses $14,223,862

Other Expenses $11,835,631

TOTAL EXPENSES $17,732,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,621,370	$20,583,837	+0.1%
Expenses	$17,732,701	$18,177,635	0.0%
Net Income	$3,888,669	$2,406,202	+0.6%

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

634

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

$1,203,402

Total Directors

$1,203,402

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDE MOLINARI	PRESIDENT &	40.00	Officer Director	$334,666	$4,125	$338,791
DAVID BEACHNAU	EXEC. VP OF	40.00	Officer Director	$231,587	$16,782	$248,369
SAJID A ZUBERI	VP FINANCE/A	40.00	Officer Director	$220,796	$11,477	$232,273
SUSAN RICHARDSON	V P OF SALES	40.00	Officer Director	$192,804	$20,961	$213,765
CHRISTOPHER MOYER	SENIOR DIR./	40.00	Officer Director	$155,044	$15,160	$170,204
ANDREA CADOTTO	ASS DIR SALE	N/A	Director	$0	$0	$0
JESSICA STRASSER	VP, HUMAN RE	N/A	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	No data	No data	No data	No data
2023	$21,621,370	$17,732,701	$24,870,911	$3,888,669
2022	$20,583,837	$18,177,635	$17,430,348	$2,406,202
2021	$14,015,809	$9,840,610	$36,765,048	$4,175,199
2020	$9,251,508	$8,181,074	$32,355,512	$1,070,434
2019	$19,753,266	$15,932,722	$33,576,700	$3,820,544
2018	$19,892,198	$15,937,736	$27,936,792	$3,954,462

DETROIT METRO CONVENTION AND VISITORS BUREAU