CONFERENCE & VISITORS BUREAU OF MONTGOMERY COUNTY MARYLAND INC (EIN 521396987) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

KELLY GROFF

Phone

3014289702

Tax Period

2023-07-01 to 2024-06-30

CONFERENCE & VISITORS BUREAU OF MONTGOMERY COUNTY MARYLAND INC, founded in 1983, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $495K, a strong 18% operating margin.

Mission

TO PROMOTE TOURISM TO AND WITHIN MONTGOMERY COUNTY, MD.

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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 $424,531

Program Service Revenue $2,331,777

Investment Income $48,977

Other Revenue $9,090

TOTAL REVENUE $2,814,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $732,097

Fundraising Expenses $0

Program Expenses $2,121,895

Other Expenses $1,587,007

TOTAL EXPENSES $2,319,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,814,375	$2,394,052	+0.2%
Expenses	$2,319,104	$1,904,995	+0.2%
Net Income	$495,271	$489,057	+0.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$190,203

Total Directors

$190,203

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY GROFF	PRESIDENT & CEO	40.00	Officer Director	$190,203	$0	$190,203
JOHN HINES	CHAIR	0.00	Officer Director	$0	$0	$0
JILL MCCARTHY	CHAIR ELECT	0.00	Officer Director	$0	$0	$0
JOHN LANCASTER	SECRETARY	0.00	Officer Director	$0	$0	$0
VIRA SAFAI	TREASURER	0.00	Officer Director	$0	$0	$0
LYNN BOWERSOX	DIRECTOR	0.00	Director	$0	$0	$0
DAVID CHILD	DIRECTOR	0.00	Director	$0	$0	$0
JOE FRANDONI	DIRECTOR	0.00	Director	$0	$0	$0
CHARLES KAUFFMAN	DIRECTOR	0.00	Director	$0	$0	$0
MATT LIBBER	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTOPHER MADOO	DIRECTOR	0.00	Director	$0	$0	$0
VALENTINA NAHON	DIRECTOR	0.00	Director	$0	$0	$0
CINDY RIVARDE	DIRECTOR	0.00	Director	$0	$0	$0
SARAH ROGERS	DIRECTOR	0.00	Director	$0	$0	$0
JORDAN SAVITZ	DIRECTOR	0.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$2,814,375	$2,319,104	$3,351,443	$495,271
2023	$2,394,052	$1,904,995	$2,933,118	$489,057
2022	$2,239,001	$1,804,498	$2,243,604	$434,503
2021	$1,447,994	$1,245,417	$2,031,514	$202,577
2020	$1,713,441	$1,755,560	$1,532,026	$-42,119
2019	$1,979,031	$1,920,108	$1,602,339	$58,923
2018	$2,033,322	$1,764,418	$1,517,085	$268,904

CONFERENCE & VISITORS BUREAU OF MONTGOMERY COUNTY MARYLAND INC