VISIT CONCORD

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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

2013

Legal Domicile

Principal Officer

KATRINA SCHUCHART

Phone

9256851182

Tax Period

2023-07-01 to 2024-06-30

VISIT CONCORD, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $871K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $809K left a modest 7% surplus.

Mission

TO PROMOTE CONCORD BY INCREASING AWARENESS AND ENHANCING THE IMAGE OF OUR CITY'S DISTINCT ASSETS AND AMENITIES

Program Service Accomplishments

Program 1

VISIT CONCORD TEAMED UP WITH PARTNERS TO PROMOTE AND SUPPORT TRAVEL AND VISITOR RELATED SERVICE BUSINESSES. VISIT CONCORD CONTINUES TO OPERATE THE VISITOR CENTER AS A CONCORD COMMUNITY SHARED VALUE.

Program 2

IMPLEMENTED MEDIA AND PROMOTIONAL CAMPAIGNS, EVENT COORDINATION, PUBLIC RELATIONS

Program 3

PARTNERED WITH TRAVEL WRITERS, TRAVEL INFLUENCERS AND TRAVEL INDUSTRY PROFESSIONALS FOR PAID MEDIA CONTAINING CONTENT ON HOTELS, FOOD/DRINK AND ATTRACTIONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $870,452

Investment Income $106

Other Revenue $0

TOTAL REVENUE $870,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,755

Fundraising Expenses $0

Other Expenses $576,252

TOTAL EXPENSES $809,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$870,558	$1,000,207	-0.1%
Expenses	$809,007	$1,168,661	-0.3%
Net Income	$61,551	$-168,454	-1.4%

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

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

$68,912

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATRINA SCHUCHART	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREA HENNINGS	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL GAINES	DIRECTOR	1.00	Director	$0	$0	$0
KERRI HARRIS GAY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
GUY BJERKE	DIRECTOR	1.00	Director	$0	$0	$0
BETH JAVENS	EXECUTIVE DIRECTOR	40.00	Officer	$68,512	$400	$68,912

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	$870,558	$809,007	$386,190	$61,551
2023	$1,000,207	$1,168,661	$329,096	$-168,454
2022	$861,968	$977,258	$522,885	$-115,290
2021	$607,587	$613,686	$632,683	$-6,099
2020	$1,203,788	$1,220,353	$518,155	$-16,565
2019	$1,281,861	$1,670,647	$534,720	$-388,786
2018	$1,415,121	$804,325	$841,058	$610,796