SAGINAW COUNTY CONVENTION & VISITORS BUREAU (EIN 382702288) - 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

1987

Legal Domicile

Principal Officer

ANNETTE RUMMEL

Phone

9897527164

Tax Period

2023-01-01 to 2023-12-31

SAGINAW COUNTY CONVENTION & VISITORS BUREAU, founded in 1987, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.8M exceeded revenue, resulting in a 52% operating deficit.

Mission

PROMOTION OF CONVENTIONS & TOURISM IN SAGINAW 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,909,403

Investment Income $-42,365

Other Revenue $10,100

TOTAL REVENUE $1,877,138

Expense Breakdown

Grants Paid $155,870

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,693,031

TOTAL EXPENSES $2,848,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,877,138	$2,038,323	-0.1%
Expenses	$2,848,901	$2,644,624	+0.1%
Net Income	$-971,763	$-606,301	+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

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
LYLE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
SEAN FENT	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
HERB SPENCE	DIRECTOR	1.00	Director	$0	$0	$0
RICH SPITZER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CANDERS	VICE CHAIRMA	1.00	Officer	$0	$0	$0
CRAIG GOSLIN	SECRETARY/TR	1.00	Officer	$0	$0	$0
ANNETTE RUMMEL	PRESIDENT	10.00	Officer	$0	$0	$0
PETER SHAHEEN	CHAIRMAN	1.00	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	No data	No data	No data	No data
2023	$1,877,138	$2,848,901	$1,373,118	$-971,763
2022	$2,038,323	$2,644,624	$2,619,699	$-606,301
2021	$1,808,968	$1,553,594	$2,955,707	$255,374
2020	$1,028,220	$1,098,906	$2,206,736	$-70,686
2019	$1,920,720	$1,521,706	$2,033,839	$399,014
2018	$1,905,766	$1,544,707	$1,891,753	$361,059

SAGINAW COUNTY CONVENTION & VISITORS BUREAU