CARROLLTON AREA CONVENTION AND VISITORS ASSOCIATION INC (EIN 582145239) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

JONATHAN J DORSEY

Phone

7708302000

Tax Period

2024-07-01 to 2025-06-30

CARROLLTON AREA CONVENTION AND VISITORS ASSOCIATION INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $402K in total revenue in fiscal year 2024. Expenses of $552K exceeded revenue, resulting in a 37% operating deficit.

Mission

UNDER THE DIRECTION OF THE BOARD OF DIRECTORS, GOVERNED BY THE ORGANIZATION'S BYLAWS AND POLICY MANUAL, THE CARROLLTON AREA CONVENTION AND VISITORS BUREAU'S PURPOSE IS TO ENHANCE ECONOMIC DEVELOPMENT AND GAIN RECOGNITION FOR THE CARROLLTON AREA THROUGH THE PROMOTION OF TOURISM AND ATTRACTION OF VISITORS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $402,140

Program Service Revenue $0

Investment Income $73

Other Revenue $0

TOTAL REVENUE $402,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,820

Fundraising Expenses $0

Program Expenses $516,144

Other Expenses $383,376

TOTAL EXPENSES $552,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$402,213	$389,873	+0.0%
Expenses	$552,196	$392,807	+0.4%
Net Income	$-149,983	$-2,934	+50.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$86,300

Total Directors

$86,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN J DORSEY	EXECUTIVE DI	40.00	Officer Director	$0	$27,416	$86,300
JESSICA BECKOM	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HART	PRESIDENT	1.00	Officer Director	$0	$0	$0
THERA LOOLEN	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE PATE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JIM ROWELL	DIRECTOR	1.00	Director	$0	$0	$0
APRIL SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
GREG SMITH	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	$402,213	$552,196	$509,877	$-149,983
2024	$389,873	$392,807	$524,594	$-2,934
2023	$396,283	$343,170	$443,355	$53,113
2022	$344,920	$326,509	$359,759	$18,411
2021	$415,915	$215,152	$374,415	$200,763

CARROLLTON AREA CONVENTION AND VISITORS ASSOCIATION INC