Charleston Convention and Visitors Bureau Inc (EIN 550598942) - 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

1979

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Charleston Convention and Visitors Bureau Inc, founded in 1979, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

To enhance the City of Charlestons tax base and quality of life through tourism and meeting expenditures.

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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 $0

Program Service Revenue $2,178,507

Investment Income $17,150

Other Revenue $0

TOTAL REVENUE $2,195,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $568,507

Fundraising Expenses $0

Program Expenses $2,289,907

Other Expenses $1,999,749

TOTAL EXPENSES $2,568,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,195,657	$1,997,956	+0.1%
Expenses	$2,568,256	$1,659,670	+0.5%
Net Income	$-372,599	$338,286	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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

$244,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Brady	PresidentCEO	30.00	Officer	$115,338	$19,525	$134,863
Jama Jarrett	Vice PresidentCOO	30.00	Officer	$91,960	$17,968	$109,928
Michelle Storage	Member	0.12	Director	$0	$0	$0
Stephanie Casey	Member	0.12	Director	$0	$0	$0
Patrick Leahy	Member	0.12	Director	$0	$0	$0
Georgette George	Member	0.12	Director	$0	$0	$0
Evan Osborne	Member	0.12	Director	$0	$0	$0
Andy Shea	Member	0.12	Director	$0	$0	$0
Jennifer Pharr	Member	0.12	Director	$0	$0	$0
Jack Hoblitzell	Member	0.12	Director	$0	$0	$0
Amy Goodwin	Member	0.12	Director	$0	$0	$0
Harry Bell	Member	0.12	Director	$0	$0	$0
Dominique Ranieri	Member	0.12	Director	$0	$0	$0
Dale Jordan	Member	0.12	Director	$0	$0	$0
Jennifer Susman	Vice Chairman	0.12	Officer Director	$0	$0	$0
Chuck Hamsher	Chairman	0.12	Officer Director	$0	$0	$0
Becky Ceperley	Treasurer	0.25	Officer Director	$0	$0	$0
Greg Bolles	Secretary	0.12	Officer 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
2024	$2,195,657	$2,568,256	$1,223,852	$-372,599
2023	$1,997,956	$1,659,670	$1,549,478	$338,286
2022	$1,631,225	$1,142,363	$1,565,433	$488,862
2021	$1,047,482	$933,907	$1,093,187	$113,575
2020	$1,306,483	$1,541,943	$930,296	$-235,460
2019	$1,690,018	$1,679,728	$1,002,012	$10,290
2018	$1,961,789	$1,840,560	$1,027,065	$121,229

Charleston Convention and Visitors Bureau Inc