WASHINGTON DC CONVENTION & TOURISM CORPORATION

EIN: 521070609 Community Improvement

WASHINGTON, DC

Total Revenue
$53,211,107
Total Expenses
$61,998,917
Total Assets
$25,953,220
Net Assets
$8,828,681
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
DC
Principal Officer
ELLIOTT FERGUSON
Phone
2027897076
Tax Period
2023-10-01 to 2024-09-30

WASHINGTON DC CONVENTION & TOURISM CORPORATION, founded in 1976, is a mid-sized nonprofit in the Community Improvement sector that reported $53.2M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $62.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO INCREASE AND IMPROVE THE ECONOMIC BASE OF THE DISTRICT OF COLUMBIA AND THE GREATER WASHINGTON METROPOLITAN AREA THROUGH THE ENHANCEMENT OF THE PUBLIC IMAGE OF THE DISTRICT OF COLUMBIA AND THE PROMOTION OF TOURISM, TRADE SHOWS, SPECIAL EVENTS AND CONVENTIONS IN THE WASHINGTON CONVENTION CENTER AND OTHERWISE IN THE DISTRICT OF COLUMBIA AND THE GREATER WASHINGTON METROPOLITAN AREA.

Program Service Accomplishments

Program 1

MARKETING AND COMMUNICATIONS - TO POSITION WASHINGTON, DC AS A LEADING LEISURE AND CONVENTION DESTINATION THROUGH TARGETED AND INTEGRATED MARKETING AND PUBLIC RELATIONS EFFORTS.

Program 2

CONVENTION SALES AND SERVICES - 1) TO POSITION AND SELL WASHINGTON, DC AS A DESTINATION FOR CORPORATE AND ASSOCIATION MEETINGS AND CONVENTIONS, CREATING CONNECTIONS WITH CUSTOMERS THROUGH PERSONAL...

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CONVENTION SALES AND SERVICES - 1) TO POSITION AND SELL WASHINGTON, DC AS A DESTINATION FOR CORPORATE AND ASSOCIATION MEETINGS AND CONVENTIONS, CREATING CONNECTIONS WITH CUSTOMERS THROUGH PERSONAL SALES CALLS, TRADE SHOWS, AND MEANINGFUL CLIENT EVENTS. 2) TO PROVIDE SUPPORT TO CONVENTION AND MEETING PLANNERS THAT BOOK GROUPS IN WASHINGTON, DC BY CONDUCTING SITE INSPECTIONS, PROVIDING PROMOTIONAL INFORMATION AND ATTENDANCE SUPPORT, AND DISTRIBUTING SERVICE LEADS TO MEMBER BUSINESSES.

Program 3

TOURISM - TO BUILD RELATIONSHIPS WITH TOUR OPERATORS, WHOLESALERS, RECEPTIVE OPERATORS, TRAVEL AGENTS, SPORTING EVENT ORGANIZERS, AND TRAVEL SERVICE PROVIDERS TO INCREASE DOMESTIC AND INTERNATIONAL...

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TOURISM - TO BUILD RELATIONSHIPS WITH TOUR OPERATORS, WHOLESALERS, RECEPTIVE OPERATORS, TRAVEL AGENTS, SPORTING EVENT ORGANIZERS, AND TRAVEL SERVICE PROVIDERS TO INCREASE DOMESTIC AND INTERNATIONAL GROUP AND INDIVIDUAL PACKAGED TRAVEL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $49,531,924
Program Service Revenue $3,121,775
Investment Income $462,213
Other Revenue $95,195
TOTAL REVENUE $53,211,107

Expense Breakdown

Grants Paid $5,290,920
Salaries & Benefits $15,760,613
Fundraising Expenses $0
Other Expenses $40,947,384
TOTAL EXPENSES $61,998,917

Year-over-Year Comparison

2023 2022 Change
Revenue $53,211,107 $38,544,978 +0.4%
Expenses $61,998,917 $30,737,891 +1.0%
Net Income $-8,787,810 $7,807,087 -2.1%
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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Governance

Voting Members
30
Independent Members
29
Employees
236
Volunteers
29

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
$1,421,214
Total Directors
30
$1,008,857
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEADE ATKESON CHAIR 6.00
Officer Director
$0 $0 $0
JULISSA MARENCO VICE CHAIR 6.00
Officer Director
$0 $0 $0
STACY SMITH IMMEDIATE PAST CHAIR 6.00
Officer Director
$0 $0 $0
CLARENCE ANTHONY TREASURER 6.00
Officer Director
$0 $0 $0
MATT FELIX SECRETARY 6.00
Officer Director
$0 $0 $0
AMY AUSTIN DIRECTOR 2.00
Director
$0 $0 $0
ANGIE GATES DIRECTOR 2.00
Director
$0 $0 $0
CARMEN PIGLER DIRECTOR 2.00
Director
$0 $0 $0
CHRYSSA WESTERLUND DIRECTOR 2.00
Director
$0 $0 $0
DARIEN WRIGHT DIRECTOR 2.00
Director
$0 $0 $0
DANITA JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
DAVID KASPRZYK DIRECTOR 2.00
Director
$0 $0 $0
DIANE GROSS DIRECTOR 2.00
Director
$0 $0 $0
DM NINA ALBERT DIRECTOR 2.00
Director
$0 $0 $0
DONNA WESTMORELAND DIRECTOR 2.00
Director
$0 $0 $0
EMEKA MONEME DIRECTOR 2.00
Director
$0 $0 $0
EVAN KOPPEL DIRECTOR 2.00
Director
$0 $0 $0
JASON BERRY DIRECTOR 2.00
Director
$0 $0 $0
JOHN SNEDDEN DIRECTOR 2.00
Director
$0 $0 $0
JOHN VARGHESE DIRECTOR 2.00
Director
$0 $0 $0
KEN JARKA DIRECTOR 2.00
Director
$0 $0 $0
KORI JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
MARK T ROCHE-GARLAND DIRECTOR 2.00
Director
$0 $0 $0
MIKE ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
NANCY KOIDE DIRECTOR 2.00
Director
$0 $0 $0
PAUL J COHN DIRECTOR 2.00
Director
$0 $0 $0
TARA HIGGINS DIRECTOR 2.00
Director
$0 $0 $0
SHAWN TOWNSEND DIRECTOR 2.00
Director
$0 $0 $0
SOLOMON KEENE DIRECTOR 2.00
Director
$0 $0 $0
ELLIOTT FERGUSON PRESIDENT & CEO 37.50
Officer Director
$959,237 $49,620 $1,008,857
JOHN KIM CFO 37.50
Officer
$352,300 $60,057 $412,357
CLAIRE CARLIN VP PARTNERSHIPS & ALLIANCES 37.50
Highest
$254,072 $37,003 $291,075
ROBIN MCCLAIN SR VP MARKETING & COMMUNICATIONS 37.50
Highest
$361,176 $45,701 $406,877
MELISSA RILEY VP CONVENTION SALES & SVCS 37.50
Highest
$300,064 $33,811 $333,875
THERESA BELPULSI VP TOURISM, SPORTS & VISITOR SVCS 37.50
Highest
$250,770 $36,457 $287,227
BILL ADAMS DIRECTOR, CONVENTION SALES 37.50
Highest
$182,834 $20,174 $203,008
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 $53,211,107 $61,998,917 $25,953,220 $-8,787,810
2023 $38,544,978 $30,737,891 $32,806,689 $7,807,087
2022 $26,967,687 $19,659,947 $18,012,339 $7,307,740
2021 $11,231,597 $15,096,690 $11,722,986 $-3,865,093
2020 $14,793,249 $16,585,783 $11,563,747 $-1,792,534
2019 $24,668,365 $23,984,194 $13,928,782 $684,171
2018 $24,799,997 $23,713,366 $12,822,478 $1,086,631
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