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)

4 risk indicators measuring financial stability and operational resilience

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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

none

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

none

Program 2
Expenses: $0 Revenue: $0

none

Program 3
Expenses: $0 Revenue: $0

none

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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

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
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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