MIDLAND COUNTY CONVENTION AND VISITORS' BUREAU (EIN 382546424) - 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

1985

Legal Domicile

Principal Officer

ANNETTE RUMMEL

Phone

9898399775

Tax Period

2024-01-01 to 2024-12-31

MIDLAND COUNTY CONVENTION AND VISITORS' BUREAU, founded in 1985, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 26% operating deficit.

Mission

PROMOTION OF CONVENTION & TOURISM IN MIDLAND COUNTY

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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 $93,506

Program Service Revenue $1,066,927

Investment Income $3,310

Other Revenue $0

TOTAL REVENUE $1,163,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,462,167

TOTAL EXPENSES $1,462,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,163,743	$1,063,575	+0.1%
Expenses	$1,462,167	$953,206	+0.5%
Net Income	$-298,424	$110,369	-3.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA BAUSCHATZ	VICE CHAIRMA	1.00	Director	$0	$0	$0
MARK BONE	DIRECTOR	1.00	Director	$0	$0	$0
DEREK GRIMALDI	CHAIRMAN	1.00	Director	$0	$0	$0
NICK HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH LUMBERT	TREASURER	1.00	Director	$0	$0	$0
MARCIE POST	DIRECTOR	1.00	Director	$0	$0	$0
KARLA SPAETH	DIRECTOR	1.00	Director	$0	$0	$0
TONY STAMAS	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE RUMMEL	PRESIDENT	10.00	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	$1,163,743	$1,462,167	$866,914	$-298,424
2023	$1,063,575	$953,206	$1,047,375	$110,369
2022	$920,205	$1,212,172	$912,525	$-291,967
2021	$699,384	$828,151	$908,437	$-128,767
2020	$394,261	$674,471	$865,782	$-280,210
2019	$1,045,919	$1,094,681	$1,209,154	$-48,762
2018	$1,100,631	$970,225	$1,266,524	$130,406

MIDLAND COUNTY CONVENTION AND VISITORS' BUREAU