FAYETTEVILLE AREA CONVENTION AND VISITORS BUREAU INC (EIN 562024982) - 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

1997

Legal Domicile

Principal Officer

MICHELLE C WILLIAMS

Phone

9104835311

Tax Period

2024-07-01 to 2025-06-30

FAYETTEVILLE AREA CONVENTION AND VISITORS BUREAU INC, founded in 1997, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 115% operating deficit.

Mission

POSITION CUMBERLAND COUNTY AS A DESTINATION FOR MEETINGS, INDIVIDUAL TRAVEL AND SPORTS TOURNAMENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,360

Program Service Revenue $1,553,599

Investment Income $50,219

Other Revenue $-380

TOTAL REVENUE $1,606,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,252,432

Fundraising Expenses $0

Other Expenses $2,198,072

TOTAL EXPENSES $3,450,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,606,798	$3,235,708	-0.5%
Expenses	$3,450,504	$3,450,843	0.0%
Net Income	$-1,843,706	$-215,135	+7.6%

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

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

$266,393

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH BENALT	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SHEBA MCNEIL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MANISH MEHTA	TREASURER	1.00	Officer Director	$0	$0	$0
LILY SCHMIDT	SECRETARY	1.00	Officer Director	$0	$0	$0
CLARENCE GRIER	DIRECTOR	1.00	Director	$0	$0	$0
DOUG HEWETT	DIRECTOR	1.00	Director	$0	$0	$0
TONY KOTSOPOULOS	DIRECTOR	1.00	Director	$0	$0	$0
RENEE LANE	DIRECTOR	1.00	Director	$0	$0	$0
BYRON MCNEILL	DIRECTOR	1.00	Director	$0	$0	$0
NAT ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
JODI PHELPS	DIRECTOR	1.00	Director	$0	$0	$0
SALLY SHUTT	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SKINNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
NATE ERNST	DIRECTOR	1.00	Director	$0	$0	$0
RASHAWN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
DEVIN HEATH	PRESIDENT/CEO	40.00	Officer	$172,473	$12,867	$185,340
KIMBERLY GRIFFITH DIXON	DIRECTOR OF FINANCE	40.00	Officer	$76,601	$4,452	$81,053

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	$1,606,798	$3,450,504	$975,658	$-1,843,706
2024	$3,235,708	$3,450,843	$2,861,538	$-215,135
2023	$3,191,408	$3,352,251	$2,880,055	$-160,843
2022	$3,709,480	$2,749,600	$2,784,832	$959,880
2021	$2,954,828	$2,744,547	$1,870,197	$210,281
2020	$2,699,870	$3,048,439	$1,626,967	$-348,569
2019	$3,308,525	$2,799,166	$1,943,788	$509,359

FAYETTEVILLE AREA CONVENTION AND VISITORS BUREAU INC