Visit Grand Rapids Inc (EIN 411458087) - 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

1983

Legal Domicile

Principal Officer

Megan Christianson

Phone

2183269607

Tax Period

2024-01-01 to 2024-12-31

Visit Grand Rapids Inc, founded in 1983, is a small nonprofit that reported $476K in total revenue in fiscal year 2024. Expenses of $443K left a modest 7% surplus.

Mission

VISIT GRAND RAPIDS WRITES AND COORDINATES THE EXECUTION OF A COMPREHENSIVE TOURISM MARKETING PLAN TO PROMOTE THE COMMUNITY AS A TOURISM, CONVENTION AND BUSINESS TRAVEL 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 (2024)

Revenue Breakdown

Contributions & Grants $10,000

Program Service Revenue $466,386

Investment Income $0

Other Revenue $0

TOTAL REVENUE $476,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $431,594

Other Expenses $443,295

TOTAL EXPENSES $443,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$476,386	$490,484	0.0%
Expenses	$443,295	$430,545	+0.0%
Net Income	$33,091	$59,939	-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

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
KRIS IVES	Board Member	0.00	Director	$0	$0	$0
LEWIS KELLIN	Past President	2.00	Director	$0	$0	$0
ROMDA LAMBRECHT	Secretary/Treas	2.00	Director	$0	$0	$0
DAN TREMBRUELL	President	2.00	Director	$0	$0	$0
SARAH THOMPSON	Vice President	2.00	Director	$0	$0	$0
TIM OXBOROUGH	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF JOHNS	BORAD MEMBER	2.00	Director	$0	$0	$0
GRANT PROKOP	Board Member	2.00	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
2025	No data	No data	No data	No data
2024	$476,386	$443,295	$520,858	$33,091
2023	$490,484	$430,545	$474,669	$59,939
2022	$423,897	$452,510	$403,047	$-28,613
2021	$494,084	$422,183	$453,539	$71,901
2020	$460,253	$437,109	$324,371	$23,144
2019	$339,250	$303,290	$275,670	$35,960
2018	$352,925	$335,118	$224,649	$17,807

Visit Grand Rapids Inc