Fargo, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Fargo-Moorhead Convention & Visitors Bureau Inc, founded in 1981, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 224% from the prior year, signaling strong growth momentum. Expenses of $4.6M left a modest 6% surplus.
The Fargo-Moorhead-West Fargo CVB works to position our distinctive community as a desirable destination and gateway to the region and nation, resulting in a superior Quality of Life for its residents.
Our primary exempt purpose is to enhance the economic life of the community (Fargo, Moorhead & West Fargo) by attracting all varieties of visitors. This includes, but is not limited to, leisure...
Our primary exempt purpose is to enhance the economic life of the community (Fargo, Moorhead & West Fargo) by attracting all varieties of visitors. This includes, but is not limited to, leisure travelers, business travelers, group tours, meetings and conferences, and youth and adult sporting events. To that end, we market the community and its assets in a variety of different ways, including digital, social media, print and broadcast advertising; attendance at trade shows for meeting and sporting event planners; membership in organizations with which we can collaborate in pursuit of our primary goal. As part of our efforts to attract such events, we provide a variety of event assistance, both in the form of cash assistance and services to conferences and tournaments, as needed. Services include the printing of name badges and signage, as well as on-site staffing for registration.
The Fargo-Moorhead CVB operates a Housing Bureau as a service to local groups who sponsor youth and adult sports tournaments (youth hockey, soccer & baseball, adult softball etc.). It's also...
The Fargo-Moorhead CVB operates a Housing Bureau as a service to local groups who sponsor youth and adult sports tournaments (youth hockey, soccer & baseball, adult softball etc.). It's also available for conference sponsors but is primarily used by sporting groups. In a typical year our Housing staff will deal with between 40 and 45 events.
The Fargo-Moorhead CVB operates a capital grant ("Destination Development") fund to help other local non-profits add, expand or enhance facilities that play a role in bringing visitors to the...
The Fargo-Moorhead CVB operates a capital grant ("Destination Development") fund to help other local non-profits add, expand or enhance facilities that play a role in bringing visitors to the community. Recipients include, but are not limited to, tournament facilities, local attractions and arts groups. In Year 2024 our Board of Directors approved capital grants to 3 (three) different local entities. These grants are documented on another form.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,889,779 | $1,507,493 | +2.2% |
| Expenses | $4,589,210 | $1,658,479 | +1.8% |
| Net Income | $300,569 | $-150,986 | -3.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Doug Peters | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Nicole Dutton | Executive Committee Member | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Clare Hughes | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kember Anderson | Secretary/Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Holly Heitkamp | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ramon Sosa | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| James Stinsman | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kimberly Busch | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Casey Sanders-Berglund | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kira Odenbach | Director (As of Sept 24) | 1.00 |
Director
|
$0 | $0 | $0 |
| Emily Nielsen | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Tanner Tweten | Director (Until June 24) | 1.00 |
Director
|
$0 | $0 | $0 |
| Charles Johnson | President/CEO | 40.00 |
Officer
|
$180,009 | $17,348 | $197,357 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,889,779 | $4,589,210 | $5,478,847 | $300,569 |
| 2023 | $4,346,413 | $3,465,332 | $5,442,669 | $881,081 |
| 2023 | $1,507,493 | $1,658,479 | $5,270,048 | $-150,986 |
| 2022 | $3,851,718 | $2,795,342 | $4,565,525 | $1,056,376 |
| 2021 | $2,547,498 | $2,432,574 | $3,704,311 | $114,924 |
| 2020 | $2,286,077 | $2,864,865 | $3,339,699 | $-578,788 |
| 2019 | $3,195,136 | $3,368,190 | $4,182,739 | $-173,054 |
| 2018 | $3,088,458 | $3,099,736 | $4,051,384 | $-11,278 |
Compare Fargo-Moorhead Convention & Visitors Bureau Inc with other nonprofits in North Dakota and across the country.