CLARKSBURG CONVENTION & VISITORS BUREAU INC

EIN: 550784532

CLARKSBURG, WV

Total Revenue
$89,328
Total Expenses
$158,648
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
WV
Principal Officer
FRANK L FERRARI
Phone
3046691650
Tax Period
2020-01-01 to 2020-12-31

CLARKSBURG CONVENTION & VISITORS BUREAU INC, founded in 2002, is a micro nonprofit that reported $89K in total revenue in fiscal year 2020. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $159K exceeded revenue, resulting in a 78% operating deficit.

Mission

To advance, stimulate and assist generally in the promotion tourism, exhibits, conferences, conventions and visitors in the City of Clarksburg. To do or engage in any act, thing, or enterprise, which in the opinion of the Board of Directors, shall benefit the Corporation. To operate on a not-for-profit basis, within the meaning of Section 501 C (6) of Internal Revenue Code and to exercise such powers as are permitted to corporations under the provisions of Chapter 31 Article 1, Section 8 of the Code of West Virginia as amended and to transact any lawful business for which corporations may be incorporated in West Virginia.

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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 (2020)

Revenue Breakdown

Contributions & Grants $89,328
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $89,328

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,126
Fundraising Expenses $0
Program Expenses $0
Other Expenses $79,522
TOTAL EXPENSES $158,648

Year-over-Year Comparison

2020 2019 Change
Revenue $89,328 $259,535 -0.7%
Expenses $158,648 $184,838 -0.1%
Net Income $-69,320 $74,697 -1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
1
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
7
$0
Total Directors
0
$0
Key Employees
3
$73,260
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathryn G Titus Executive Director Retired 40
Key Emp
$61,800 $0 $61,800
Tina Yoke Executive Director 40
Key Emp
$11,460 $0 $11,460
Catherine Goings President 0
Officer
$0 $0 $0
B K Vanhorn Board Member 0
Officer
$0 $0 $0
Frank L Ferrari Treasurer 0
Officer
$0 $0 $0
Sam Lopez Board Member 0
Officer
$0 $0 $0
Mary K Lindsay Board Member 0
Officer
$0 $0 $0
Twila Snodgrass Board Member 0
Officer
$0 $0 $0
John Cooper Board Member 0
Officer
$0 $0 $0
Gary R Bowden Board Member 0
Key Emp
$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
2020 $89,328 $158,648 No data $-69,320
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