WASHINGTON DC CONVENTION & TOURISM CORPORATION (EIN 521070609) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

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

WASHINGTON, DC CONVENTION & TOURISM (DBA DESTINATION DC) SERVES AS THE LEAD ORGANIZATION TO SUCCESSFULLY MANAGE AND MARKET WASHINGTON, DC AS A PREMIER GLOBAL CONVENTION, TOURISM AND SPECIAL EVENTS DESTINATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

236

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

$1,421,214

Total Directors

$1,008,857

Key Employees

Highest Compensated

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

WASHINGTON DC CONVENTION & TOURISM CORPORATION