IOWA CITYCORALVILLE CONVENTION AND VISITORS BUREAU (EIN 421203842) - 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

JOSH SCHAMBERGER

Phone

3193376592

Tax Period

2023-07-01 to 2024-06-30

IOWA CITYCORALVILLE CONVENTION AND VISITORS BUREAU, founded in 1983, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 6% surplus.

Mission

THE BUREAU IS ORGANIZED FOR THE PURPOSE OF ADVANCING THE ECONOMIC VITALITY AND QUALITY OF LIFE FOR RESIDENTS AND VISITORS AS IOWA'S PREMIER 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 (2023)

Revenue Breakdown

Contributions & Grants $1,365,925

Program Service Revenue $113,613

Investment Income $9,864

Other Revenue $739,812

TOTAL REVENUE $2,229,214

Expense Breakdown

Grants Paid $204,445

Salaries & Benefits $766,504

Fundraising Expenses $0

Program Expenses $2,093,421

Other Expenses $1,122,472

TOTAL EXPENSES $2,093,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,229,214	$1,433,334	+0.6%
Expenses	$2,093,421	$1,618,077	+0.3%
Net Income	$135,793	$-184,743	-1.7%

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

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

$178,270

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA SORIDE	DIRECTOR	2.00	Director	$0	$0	$0
PETER MATTHES	DIRECTOR	2.00	Director	$0	$0	$0
MITCH GROSS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SHANTI ROUNDTREE	PAST CHAIR	2.00	Officer Director	$0	$0	$0
MEGHANN FOSTER	SECRETARY	2.00	Officer Director	$0	$0	$0
DALE ARENS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MURPHY	CHAIR	1.00	Officer Director	$0	$0	$0
ROYCEANN PORTER	EX-OFFICIO	1.00	Director	$0	$0	$0
BRUCE TEAGUE	DIRECTOR	1.00	Director	$0	$0	$0
JOSH SCHAMBERGER	EX-OFFICIO	40.00	Director	$178,270	$0	$178,270
TIM SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
MATT TRAETOW	DIRECTOR	1.00	Director	$0	$0	$0
BRENT SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JAKE MOORE	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF CAPPS	DIRECTOR	1.00	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	$2,229,214	$2,093,421	$749,365	$135,793
2023	$1,433,334	$1,618,077	$584,354	$-184,743
2022	$1,138,390	$1,165,991	$738,594	$-27,601
2021	$1,254,509	$1,101,797	$766,195	$152,712
2020	$1,279,352	$1,113,036	$613,483	$166,316
2019	$1,360,069	$1,302,776	$447,167	$57,293

IOWA CITYCORALVILLE CONVENTION AND VISITORS BUREAU