GREATER LANSING CONVENTION VISITORS BUREAU (EIN 381653601) - 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

1960

Legal Domicile

Principal Officer

JULIE PINGSTON

Phone

5174870077

Tax Period

2024-01-01 to 2024-12-31

GREATER LANSING CONVENTION VISITORS BUREAU, founded in 1960, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE REGION AS A VISITOR DESTINATION TO IMPACT THE AREA'S ECONOMY.

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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 $6,904,254

Program Service Revenue $89,779

Investment Income $281,314

Other Revenue $16,140

TOTAL REVENUE $7,291,487

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $2,896,759

Fundraising Expenses $0

Other Expenses $4,459,989

TOTAL EXPENSES $7,406,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,291,487	$6,700,594	+0.1%
Expenses	$7,406,748	$6,489,733	+0.1%
Net Income	$-115,261	$210,861	-1.5%

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

$261,870

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCUS KIRKPATRICK	CHAIR	1.00	Officer Director	$0	$0	$0
ANGELA MCCOMB	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY MAXWELL	DIRECTOR	1.00	Director	$0	$0	$0
GABRIELLE LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA SELESKY	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE HARDY	DIRECTOR	1.00	Director	$0	$0	$0
WILL CANTRELL	DIRECTOR	1.00	Director	$0	$0	$0
CINDY BOWEN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ERIC OLMSCHEID	DIRECTOR	1.00	Director	$0	$0	$0
TRACIE KENT	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KELLIE DEAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JULIE A PINGSTON	PRESIDENT & CEO	40.00	Officer	$225,610	$36,260	$261,870
TRACY PADOT	CHIEF MARKETING OFFICER	40.00	Highest	$147,000	$29,822	$176,822
MEGHAN ZIEHMER	EXECTUTIVE DIRECTOR - LANS	40.00	Highest	$124,345	$10,457	$134,802
DAVID BUCKENBERGER	SENIOR VP OF BUSINESS DEVE	40.00	Highest	$167,097	$31,427	$198,524
ERIK DECKER	VP OF FINANCE AND ADMINIST	40.00	Highest	$129,448	$28,298	$157,746

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	$7,291,487	$7,406,748	$9,151,091	$-115,261
2023	$6,700,594	$6,489,733	$9,364,682	$210,861
2022	$5,862,903	$5,029,741	$9,387,515	$833,162
2021	$5,706,120	$3,358,528	$7,204,698	$2,347,592
2020	$3,030,740	$2,650,569	$4,599,750	$380,171
2019	$6,004,272	$6,022,420	$4,625,035	$-18,148
2018	$6,055,318	$6,089,388	$4,564,250	$-34,070

GREATER LANSING CONVENTION VISITORS BUREAU