Greater Wilmington Convention & Visitors Bureau

EIN: 510253102

Wilmington, DE

Total Revenue
$2,349,850
Total Expenses
$1,857,660
Total Assets
$1,736,687
Net Assets
$1,736,687
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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
1980
Legal Domicile
DE
Principal Officer
Jennifer Boes
Phone
3022952210
Tax Period
2024-07-01 to 2025-06-30

Greater Wilmington Convention & Visitors Bureau, founded in 1980, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $492K, a strong 21% operating margin.

Mission

To encourage economic development by attracting visitors to Wilmington, Delaware.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,198,717
Program Service Revenue $80,740
Investment Income $49,346
Other Revenue $21,047
TOTAL REVENUE $2,349,850

Expense Breakdown

Grants Paid $0
Salaries & Benefits $542,674
Fundraising Expenses $0
Other Expenses $1,314,986
TOTAL EXPENSES $1,857,660

Year-over-Year Comparison

2024 2023 Change
Revenue $2,349,850 $1,849,709 +0.3%
Expenses $1,857,660 $1,816,966 +0.0%
Net Income $492,190 $32,743 +14.0%
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

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Governance

Voting Members
26
Independent Members
26
Employees
16
Volunteers
28

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
7
$130,808
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bill Sullivan CHTP Chairman 5.00
Officer Director
$0 $0 $0
Celeste K Mozeik EdD 1st Vice Chair 2.00
Officer Director
$0 $0 $0
Halsey Spruance 2nd Vice Chair (until 5/25) 2.00
Officer Director
$0 $0 $0
John Sarro Secretary 2.00
Officer Director
$0 $0 $0
Brad Wenger Treasurer 3.00
Officer Director
$0 $0 $0
Steven R Chambliss Mktg Comm Chair (until 4/25) 2.00
Officer Director
$0 $0 $0
Christopher Bell Director 2.00
Director
$0 $0 $0
Tina Betz Director 2.00
Director
$0 $0 $0
Deborah Buckson Director 2.00
Director
$0 $0 $0
Italo Carrieri-Russo Director 2.00
Director
$0 $0 $0
India Colon-Diaz Director 2.00
Director
$0 $0 $0
Jeremy Costa Director (from 10/24) 2.00
Director
$0 $0 $0
The Hon Dee Durham Director 2.00
Director
$0 $0 $0
Gerald DuPhily Director 2.00
Director
$0 $0 $0
Jennifer Oberle Howard Director 2.00
Director
$0 $0 $0
Laura Jury Director 2.00
Director
$0 $0 $0
Francis A Kwansa PhD Director 2.00
Director
$0 $0 $0
James F Lardear Director 2.00
Director
$0 $0 $0
The Hon Elizabeth Lockman Director 2.00
Director
$0 $0 $0
Vicky Pettinaro Martelli Director 2.00
Director
$0 $0 $0
Canon Patel Director 2.00
Director
$0 $0 $0
Jamar Rahming Director 2.00
Director
$0 $0 $0
Jon Sheehan Director 2.00
Director
$0 $0 $0
Scott Stein Director 2.00
Director
$0 $0 $0
Christopher Strang Director 2.00
Director
$0 $0 $0
Quincy Watkins Director 2.00
Director
$0 $0 $0
Jessica Welch Director 2.00
Director
$0 $0 $0
James C Williams Director 2.00
Director
$0 $0 $0
Jennifer Boes Exec. Director 40.00
Officer
$98,113 $32,695 $130,808
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 $2,349,850 $1,857,660 $1,736,687 $492,190
2024 $1,849,709 $1,816,966 $1,255,696 $32,743
2023 $2,248,502 $2,237,031 $1,228,281 $11,471
2022 $1,599,045 $1,383,255 $1,314,761 $215,790
2021 $935,586 $903,186 $1,235,264 $32,400
2020 $1,617,983 $1,351,288 $952,574 $266,695
2019 $1,807,209 $1,982,028 $700,372 $-174,819
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