RICHMOND METROPOLITAN CONVENTION & VISTOR'S BUREAU (EIN 541249192) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

KATHERINE O'DONNELL

Phone

8047822777

Tax Period

2024-07-01 to 2025-06-30

RICHMOND METROPOLITAN CONVENTION & VISITORS BUREAU, founded in 1983, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2018. Expenses of $6.5M left a modest 6% surplus.

Mission

GROW THE ECONOMY OF THE RICHMOND REGION BY ATTRACTING CONVENTIONS, MEETINGS AND VISITORS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,753,284

Program Service Revenue $50,556

Investment Income $439,620

Other Revenue $0

TOTAL REVENUE $19,243,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,730,923

Fundraising Expenses $0

Program Expenses $11,615,311

Other Expenses $8,955,891

TOTAL EXPENSES $13,686,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,243,460	$18,502,068	+0.0%
Expenses	$13,686,814	$13,005,517	+0.1%
Net Income	$5,556,646	$5,496,551	+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

$279,391

Total Directors

$279,391

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE O'DONNELL	PRESIDENT/CE	40.00	Officer Director	$232,845	$46,546	$279,391
JOHN F BERRY JR	FORMER CEO	40.00		$188,306	$30,874	$219,180
DANIELLE FITZ-HUGH	VP OF COMMUN	40.00	Highest	$128,201	$16,878	$145,079
MICHAEL KERR	DIRECTOR OF	40.00	Highest	$131,899	$25,609	$157,508
JERRINE LEE	VP OF SALES	40.00	Highest	$161,963	$30,215	$192,178
THOMAS LOFTUS	VP OF MARKET	40.00	Highest	$160,628	$30,165	$190,793
MICHELLE G LOVATT	VP OF ADMINI	40.00	Highest	$148,069	$31,010	$179,079
LISA SIMS	CHAIR	1.00	Officer Director	$0	$0	$0
NEIL AMIN	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN P DIBBLE	TREASURER	1.00	Officer Director	$0	$0	$0
MARK S MILLER	1ST VICE CHA	1.00	Officer Director	$0	$0	$0
ELLEN ROBERTSON	2ND VICE CHA	1.00	Officer Director	$0	$0	$0
DANIEL J SCHMITT	PAST CHAIRMA	1.00	Officer Director	$0	$0	$0
BRIAN D ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BALD	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE RIPPERTON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SCHOFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WAKEFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CARIO	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN T STEWART	DIRECTOR	1.00	Director	$0	$0	$0
LORI COLLIER WARAN	DIRECTOR	1.00	Director	$0	$0	$0
MAYUSH MEHTA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LINDSEY	DIRECTOR	1.00	Director	$0	$0	$0
NANCY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
PAULIN CHEATHAM	DIRECTOR	1.00	Director	$0	$0	$0
PERRY J MILLER	DIRECTOR	1.00	Director	$0	$0	$0
RENEE HALTOM	DIRECTOR	1.00	Director	$0	$0	$0
RITA MCCLENNY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE TRIVETT	DIRECTOR	1.00	Director	$0	$0	$0
T GREGORY KOCHUBA	DIRECTOR	1.00	Director	$0	$0	$0
TODD PARNELL	DIRECTOR	1.00	Director	$0	$0	$0
WILL DIXON	DIRECTOR	1.00	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	$19,243,460	$13,686,814	$15,970,053	$5,556,646
2024	$18,502,068	$13,005,517	$10,021,243	$5,496,551
2023	$6,800,653	$8,868,553	$4,162,109	$-2,067,900
2022	$6,903,665	$7,081,797	$6,694,985	$-178,132
2021	$8,138,093	$5,942,860	$6,099,091	$2,195,233
2020	$6,763,761	$5,945,903	$3,647,597	$817,858
2019	$6,872,876	$6,460,876	$3,161,534	$412,000

RICHMOND METROPOLITAN CONVENTION & VISTOR'S BUREAU