Fargo-Moorhead Convention & Visitors Bureau Inc (EIN 450363220) - 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

1981

Legal Domicile

Principal Officer

Shirley Hughes

Phone

7013654568

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

Develop and promote a shared community vision enhancing the attractiveness of the region.

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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 $0

Program Service Revenue $4,646,532

Investment Income $195,548

Other Revenue $47,699

TOTAL REVENUE $4,889,779

Expense Breakdown

Grants Paid $1,193,942

Salaries & Benefits $1,206,820

Fundraising Expenses $0

Other Expenses $2,188,448

TOTAL EXPENSES $4,589,210

Year-over-Year Comparison

	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%

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

$197,357

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

Fargo-Moorhead Convention & Visitors Bureau Inc