AMES CONVENTION & VISITORS BUREAU (EIN 421257573) - 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

KEVIN BOURKE

Phone

5152324032

Tax Period

2024-01-01 to 2024-12-31

AMES CONVENTION & VISITORS BUREAU, founded in 1985, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Expenses of $2.2M left a modest 9% surplus.

Mission

THE MISSION OF THE AMES CONVENTION AND VISITORS BUREAU IS TO ACQUIRE MEETING, CONVENTION AND EVENT BUSINESS. THE ACVB WILL SEEK TO ACQUIRE GROUPS THAT WILL HAVE CITY WIDE IMPACT AND THE POTENTIAL TO RETURN TO AMES ON A REGUALR BASIS AND THAT WILL STRENGTHEN OCCUPANCY IN HISTORICALLY SOFT BUSINESS PERIODS.

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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 $2,141,410

Program Service Revenue $161,494

Investment Income $83,016

Other Revenue $0

TOTAL REVENUE $2,385,920

Expense Breakdown

Grants Paid $47,000

Salaries & Benefits $1,071,882

Fundraising Expenses $0

Program Expenses $1,916,085

Other Expenses $1,062,038

TOTAL EXPENSES $2,180,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,385,920	$2,246,760	+0.1%
Expenses	$2,180,920	$1,689,357	+0.3%
Net Income	$205,000	$557,403	-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

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

$174,015

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE JORDISON	DIRECTOR	1.00	Director	$0	$0	$0
ANITA ROLLINS	DIRECTOR	1.00	Director	$0	$0	$0
TIM GARTIN	DIRECTOR	1.00	Director	$0	$0	$0
MINDY BERGSTROM	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN RITTER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BROOKS	VICE-CHAIR	1.00	Director	$0	$0	$0
NICK JOOS	DIRECTOR	1.00	Director	$0	$0	$0
DUANE REEVES	CHAIR	1.00	Director	$0	$0	$0
BRIAN SPRAGGINS	DIRECTOR	1.00	Director	$0	$0	$0
STACY DREYER	PAST-CHAIR	1.00	Director	$0	$0	$0
JEREMY DEVORE	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
DONNY O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
CURT MILLER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BOURKE	PRESIDENT	40.00	Officer	$174,015	$0	$174,015

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	$2,385,920	$2,180,920	$3,271,526	$205,000
2023	$2,246,760	$1,689,357	$3,137,654	$557,403
2022	$2,138,419	$1,697,308	$2,441,291	$441,111
2021	$1,712,079	$1,162,292	$1,954,157	$549,787
2020	$898,094	$1,260,087	$1,369,938	$-361,993
2019	$2,017,971	$2,038,974	$1,728,650	$-21,003
2018	$2,113,989	$2,093,212	$1,752,061	$20,777

AMES CONVENTION & VISITORS BUREAU