MINOT CONVENTION & VISITORS BUREAU INC (EIN 450435926) - 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

1986

Legal Domicile

Principal Officer

STEPHANIE SCHOENROCK

Phone

7018578206

Tax Period

2024-01-01 to 2024-12-31

MINOT CONVENTION & VISITORS BUREAU INC, founded in 1986, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 9% surplus.

Mission

TO PROMOTE TOURISM IN THE MINOT, ND TRADE 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 $653,069

Program Service Revenue $773,130

Investment Income $24,510

Other Revenue $41,486

TOTAL REVENUE $1,492,195

Expense Breakdown

Grants Paid $505,653

Salaries & Benefits $424,811

Fundraising Expenses $0

Program Expenses $1,066,655

Other Expenses $428,251

TOTAL EXPENSES $1,358,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,492,195	$881,097	+0.7%
Expenses	$1,358,715	$786,922	+0.7%
Net Income	$133,480	$94,175	+0.4%

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

$137,598

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA SHAPPELL	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
DEREK HACKETT	DIRECTOR	1.00	Director	$0	$0	$0
JESSE ZWAK	DIRECTOR	1.00	Director	$0	$0	$0
THOR NELSON	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDY CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
JOSH GALLOWAY	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL PITNER	TREASURER	1.00	Officer Director	$0	$0	$0
MEGAN LANGLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE SCHOENROCK	EXECUTIVE DIRECTOR	40.00	Officer	$125,293	$12,305	$137,598

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	$1,492,195	$1,358,715	$1,393,508	$133,480
2023	$881,097	$786,922	$1,250,505	$94,175
2022	$881,326	$659,491	$1,149,578	$221,835
2021	$743,160	$531,863	$921,179	$211,297
2020	$431,901	$483,216	$719,323	$-51,315
2019	$668,881	$523,605	$767,412	$145,276
2018	$602,790	$578,677	$626,727	$24,113

MINOT CONVENTION & VISITORS BUREAU INC