CAPITAL REGION USA

EIN: 522067308 501(c)(3) Public & Societal Benefit

RICHMOND, VA

Total Revenue
$2,273,737
Total Expenses
$2,547,439
Total Assets
$501,619
Net Assets
$228,878
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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
1997
Legal Domicile
DC
Principal Officer
LIZ FITZSIMMONS
Phone
5404507593
Tax Period
2023-07-01 to 2024-06-30

CAPITAL REGION USA, founded in 1997, is a community nonprofit in the Public & Societal Benefit sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $2.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO EDUCATE, PROMOTE, STIMULATE, FOSTER AND ENCOURAGE INTERNATIONAL TOURISM TO THE STATE OF MARYLAND, COMMONWEALTH OF VIRGINIA AND THE DISTRICT OF COLUMBIA.

Program Service Accomplishments

Program 1
Expenses: $2,115,149 Revenue: $2,261,202

TO EDUCATE, PROMOTE, STIMULATE, FOSTER AND ENCOURAGE INTERNATIONAL TOURISM TO THE STATE OF MARYLAND, COMMONWEALTH OF VIRGINIA AND THE DISTRICT OF COLUMBIA.

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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 $0
Program Service Revenue $2,261,202
Investment Income $12,535
Other Revenue $0
TOTAL REVENUE $2,273,737

Expense Breakdown

Grants Paid $0
Salaries & Benefits $318,187
Fundraising Expenses $0
Program Expenses $2,115,149
Other Expenses $2,229,252
TOTAL EXPENSES $2,547,439

Year-over-Year Comparison

2023 2022 Change
Revenue $2,273,737 $1,614,640 +0.4%
Expenses $2,547,439 $1,454,955 +0.8%
Net Income $-273,702 $159,685 -2.7%
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
9
Independent Members
9
Employees
3
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
4
$117,210
Total Directors
10
$117,210
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT BALYO EXECUTIVE DIRECTOR 040.00
Officer Director
$113,796 $3,414 $117,210
THERESA BELPULSI PRESIDENT 001.00
Officer Director
$0 $0 $0
HEIDI JOHANNESEN VICE PRESIDENT 001.00
Officer Director
$0 $0 $0
LIZ FITZSIMMONS SECRETARY/TREASURER 001.00
Officer Director
$0 $0 $0
MARCI ROSS DIRECTOR 001.00
Director
$0 $0 $0
RICH GILBERT DIRECTOR 001.00
Director
$0 $0 $0
ELLIOTT FERGUSON DIRECTOR 001.00
Director
$0 $0 $0
DIANE BECHAMPS DIRECTOR 001.00
Director
$0 $0 $0
RITA MCLENNY DIRECTOR 001.00
Director
$0 $0 $0
ROBIN MCCLAIN DIRECTOR 001.00
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 $2,273,737 $2,547,439 $501,619 $-273,702
2023 $1,614,640 $1,454,955 $702,217 $159,685
2022 $1,560,519 $1,772,315 $565,534 $-211,796
2021 $1,251,796 $1,018,741 $647,242 $233,055
2020 $2,410,634 $2,277,007 $547,447 $133,627
2019 $2,114,086 $1,971,620 $658,438 $142,466
2018 $1,824,963 $1,839,846 $817,868 $-14,883
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