VISIT NEWPORT BEACH INC

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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

1975

Legal Domicile

Principal Officer

LILY PEARSON

Phone

9497196100

Tax Period

2024-07-01 to 2025-06-30

VISIT NEWPORT BEACH INC, founded in 1975, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 15% operating margin.

Mission

AS THE CITY OF NEWPORT BEACH'S OFFICIAL DESTINATION MARKETING ORGANIZATION, THE MISSION OF VISIT NEWPORT BEACH, INC. IS TO PARTNER WITH THE TOURISM AND HOSPITALITY INDUSTRY BY PROTECTING AND NURTURING THE DESTINATION BRAND AND TO DELIVER ADDITIONAL SPENDING BY LEISURE AND CONFERENCE VISITORS, LEADING TO ENHANCED COMMUNITY ECONOMIC VITALITY AND QUALITY OF LIFE.

Program Service Accomplishments

Program 1

THE ORGANIZATION RECEIVES A TRANSIENT OCCUPANCY TAX (TOT) FROM THE CITY OF NEWPORT BEACH, AND IS RESPONSIBLE TO DEVELOP, PLAN, CARRY OUT AND SUPERVISE A PROGRAM TO MARKET AND PROMOTE THE NEWPORT...

THE ORGANIZATION RECEIVES A TRANSIENT OCCUPANCY TAX (TOT) FROM THE CITY OF NEWPORT BEACH, AND IS RESPONSIBLE TO DEVELOP, PLAN, CARRY OUT AND SUPERVISE A PROGRAM TO MARKET AND PROMOTE THE NEWPORT BEACH BRAND AND TO PROMOTE TOURISM IN, AND SERVE THE NEEDS OF, VISITORS TO THE CITY OF NEWPORT BEACH, AS WELL AS INCREASE THE AMOUNT OF TOT COLLECTED THROUGH ITS PROMOTIONAL ACTIVITIES.

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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 $7,691,119

Investment Income $93,909

Other Revenue $0

TOTAL REVENUE $7,785,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,578,721

TOTAL EXPENSES $6,578,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,785,028	$10,635,074	-0.3%
Expenses	$6,578,721	$11,142,160	-0.4%
Net Income	$1,206,307	$-507,086	-3.4%

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

$758,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY DEIFT	DIRECTOR	1.00	Director	$0	$0	$0
ANDRE BROSE	DIRECTOR	1.00	Director	$0	$0	$0
CANDACE BISCONTE	TREASURER	1.00	Officer Director	$0	$0	$0
ANTHONY HARTWELL	DIRECTOR	1.00	Director	$0	$0	$0
CHARLENE REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE SNAVELY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KORY KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
ANTONELLA CASTRO	DIRECTOR	1.00	Director	$0	$0	$0
LINDA M BEIMFOHR	PAST CHAIR	1.00	Director	$0	$0	$0
CINDY RACCO	DIRECTOR	1.00	Director	$0	$0	$0
MARIO MAROVIC	DIRECTOR	1.00	Director	$0	$0	$0
MARKUS KOHN	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE PAINTING	DIRECTOR	1.00	Director	$0	$0	$0
PHIL RAVENNA	DIRECTOR	1.00	Director	$0	$0	$0
RUSH HILL	DIRECTOR	1.00	Director	$0	$0	$0
GERARD WIDDER	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SHARON WOOD	DIRECTOR	1.00	Director	$0	$0	$0
HENRY PYLE	DIRECTOR	1.00	Director	$0	$0	$0
TONY PETROS	DIRECTOR	1.00	Director	$0	$0	$0
HOMER BLUDAU	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
WASIM KAZI	DIRECTOR	1.00	Director	$0	$0	$0
GARY SHERWIN	PRESIDENT/CEO	1.00	Officer	$0	$88,072	$488,096
LILY PEARSON	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$34,205	$270,008
MICHELLE DONAHUE	SENIOR VP OF SALES	0.00	Highest	$16,088	$37,925	$282,323
AMANDA KLIEM	DIRECTOR OF SALES	0.00	Highest	$20,529	$24,781	$199,507
JANE DRYDEN	GROUP MARKETING & COMMUNICATIONS DIRECTOR	0.00	Highest	$9,296	$23,718	$154,168
ENRIQUE PAULO	NATIONAL ACCOUNT DIRECTOR	0.00	Highest	$16,589	$24,833	$178,823
JENNIFER BRANNON	NATIONAL ACCOUNT DIRECTOR	0.00	Highest	$15,483	$21,230	$156,415

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
2025	$7,785,028	$6,578,721	$7,139,307	$1,206,307
2024	$10,635,074	$11,142,160	$3,931,844	$-507,086
2023	$11,410,819	$10,932,717	$9,937,582	$478,102
2022	$9,447,693	$7,495,205	$8,210,060	$1,952,488
2021	$4,783,665	$3,509,504	$6,130,209	$1,274,161
2020	$9,448,115	$7,807,701	$4,818,646	$1,640,414
2019	$9,923,331	$9,692,172	$3,425,708	$231,159
2018	$8,958,178	$8,481,486	$3,242,540	$476,692