BISMARCK-MANDAN CONVENTION AND VISITOR'S BUREAU INC (EIN 450354975) - 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

1980

Legal Domicile

Principal Officer

SHERI GROSSMAN

Phone

7012224308

Tax Period

2024-01-01 to 2024-12-31

BISMARCK-MANDAN CONVENTION AND VISITOR'S BUREAU INC, founded in 1980, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024.

Mission

PROMOTING THE BISMARCK-MANDAN AREA; BRING VISITORS INTO THE COMMUNITY THROUGH ADVERTISING, MARKETING, AND THE SOLICITATION OF MEETINGS, CONVENTIONS, AND TOUR GROUPS.

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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 $1,227,900

Program Service Revenue $0

Investment Income $108,640

Other Revenue $1,086,414

TOTAL REVENUE $2,422,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $763,390

Fundraising Expenses $0

Other Expenses $1,642,001

TOTAL EXPENSES $2,405,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,422,954	$2,277,684	+0.1%
Expenses	$2,405,391	$1,948,479	+0.2%
Net Income	$17,563	$329,205	-0.9%

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

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

$187,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERI GROSSMAN	EXEC DIR/SEC	40.00	Officer	$163,556	$24,130	$187,686
MARIA WALEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEVIN KLIPFEL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATT SCHANANDORE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
DAVE ACHTENBERG	DIRECTOR	1.00	Director	$0	$0	$0
RANDY HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
TRISH HELGESON	DIRECTOR	1.00	Director	$0	$0	$0
COLE HIGLIN	DIRECTOR	1.00	Director	$0	$0	$0
JIM NEUBAUER	DIRECTOR	1.00	Director	$0	$0	$0
JODY OLNEY	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA SCHWAB	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SUMMERS	DIRECTOR	1.00	Director	$0	$0	$0
JASON TOMANEK	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WILSON	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
2024	$2,422,954	$2,405,391	$4,795,561	$17,563
2023	$2,277,684	$1,948,479	$4,735,269	$329,205
2022	$2,384,710	$1,659,782	$4,476,496	$724,928
2021	$2,094,221	$1,078,336	$3,559,375	$1,015,885
2020	$1,315,610	$995,459	$2,458,363	$320,151
2019	$1,571,373	$1,422,003	$2,164,942	$149,370
2018	$1,423,192	$1,477,829	$1,910,204	$-54,637

BISMARCK-MANDAN CONVENTION AND VISITOR'S BUREAU INC