GREATER GRAND FORKS CONVENTION & VISITORS BUREAU (EIN 450368186) - 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

1982

Legal Domicile

Principal Officer

JULIE RYGG

Phone

7017460444

Tax Period

2024-01-01 to 2024-12-31

GREATER GRAND FORKS CONVENTION & VISITORS BUREAU, founded in 1982, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 4% surplus.

Mission

TO PROMOTE TOURISM AND SOLICIT CONVENTIONS, TOURNAMENTS AND TRADE SHOWS TO THE GREATER GRAND FORKS AREA.

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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 $157,344

Program Service Revenue $1,455,283

Investment Income $3,747

Other Revenue $10,775

TOTAL REVENUE $1,627,149

Expense Breakdown

Grants Paid $189,812

Salaries & Benefits $520,040

Fundraising Expenses $0

Other Expenses $847,693

TOTAL EXPENSES $1,557,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,627,149	$1,591,190	+0.0%
Expenses	$1,557,545	$1,405,848	+0.1%
Net Income	$69,604	$185,342	-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

$150,012

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONICA MUSICH	BOARD MEMBER	1.00	Director	$0	$0	$0
MONICA EVAVOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN CLAPP	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JODY HODGSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARE ALBRECHT	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE ORR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANNA ROSBURG	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER SWANGLER	BOARD MEMBER	1.00	Director	$0	$0	$0
AMISH PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE RYGG	EXEC. DIRECTOR/SECRETARY	40.00	Officer	$112,000	$38,012	$150,012

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	$1,627,149	$1,557,545	$978,916	$69,604
2023	$1,591,190	$1,405,848	$1,014,067	$185,342
2022	$1,332,447	$1,292,637	$897,009	$39,810
2021	$1,017,150	$905,940	$925,331	$111,210
2020	$753,787	$891,221	$509,469	$-137,434
2019	$1,148,241	$1,178,407	$454,907	$-30,166
2018	$1,128,354	$1,214,908	$293,856	$-86,554

GREATER GRAND FORKS CONVENTION & VISITORS BUREAU