BLUE WATER AREA CONVENTION & VISIT… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

MICHAEL HENSLEY

Phone

8109878687

Tax Period

2025-01-01 to 2025-12-31

BLUE WATER AREA CONVENTION & VISITORS BU, founded in 1980, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $997K left a modest 4% surplus.

Mission

THE BUREAU IS A DESTINATION MARKETING ORGANIZATION DEDICATED TO PROMOTING ST. CLAIR COUNTY AS A DESIRABLE CONVENTION AND FAMILY TOURISM DESTINATION. WE WILL SERVE AS A CATALYST TO BRING TOGETHER ALL AREA STAKEHOLDERS, EDUCATING THEM ON THE MUTUAL BENEFITS OF COOPERATION. WE WILL MARKET SUSTAINABLE TOURISM PROGRAMS, THUS SUPPORTING INCREASED REVENUES GENERATED BY ROOM NIGHTS. THIS, IN TURN, WILL STRENGTHEN THE ECONOMIC BASE OF THE ENTIRE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $997,368 Revenue: $1,039,125

THE PROMOTION OF TOURISM VIA BILLBOARDS, RADIO AND PRINT ADS LISTING A CALENDAR OF LOCAL EVENTS, TOURS, OUTDOOR ATTRACTIONS, PARKS AND AVAILABLE LODGING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,030,803

Investment Income $8,322

Other Revenue $0

TOTAL REVENUE $1,039,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,640

Fundraising Expenses $0

Program Expenses $997,368

Other Expenses $678,728

TOTAL EXPENSES $997,368

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,039,125	$1,134,831	-0.1%
Expenses	$997,368	$1,068,416	-0.1%
Net Income	$41,757	$66,415	-0.4%

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

$105,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CURRIER	CHAIRPERSON	0.00	Officer Director	$0	$0	$0
LEE JONES	DIRECTOR	0.00	Director	$0	$0	$0
AMBER GRAHAM	DIRECTOR	0.00	Director	$0	$0	$0
JOHN KUITHE	DIRECTOR	0.00	Director	$0	$0	$0
GINO GIACUMBO	SECRETARY AND TREASURER	0.00	Officer Director	$0	$0	$0
STEVE ALDRIDGE	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK DELEARE	DIRECTOR	0.00	Director	$0	$0	$0
JASDEEP SOHI	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL HENSLEY	PRESIDENT	40.00	Officer	$105,541	$0	$105,541

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
2025	$1,039,125	$997,368	$2,336,950	$41,757
2024	$1,134,831	$1,068,416	$2,276,391	$66,415
2023	$1,020,174	$1,022,328	$2,171,505	$-2,154
2022	$1,009,554	$968,906	$2,170,625	$40,648
2021	$919,970	$679,648	$2,133,346	$240,322
2020	$515,923	$478,201	$1,896,702	$37,722
2019	$826,076	$733,311	$1,852,461	$92,765
2018	$817,796	$693,708	$1,769,496	$124,088

BLUE WATER AREA CONVENTION & VISITORS BU