SARASOTA CONVENTION & VISITORS BUREAU INC (EIN 592189967) - 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

1982

Legal Domicile

Principal Officer

ERIN DUGGAN

Phone

9419550991

Tax Period

2023-10-01 to 2024-09-30

SARASOTA CONVENTION & VISITORS BUREAU INC, founded in 1982, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $483K, a strong 22% operating margin.

Mission

WE MAKE SARASOTA COUNTY A BETTER PLACE TO LIVE AND VISIT BY PROMOTING OUR COMMUNITY ON THE WORLD STAGE

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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 $19,519

Program Service Revenue $2,112,660

Investment Income $19,743

Other Revenue $47,976

TOTAL REVENUE $2,199,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,386,332

Fundraising Expenses $0

Other Expenses $330,948

TOTAL EXPENSES $1,717,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,199,898	$2,024,287	+0.1%
Expenses	$1,717,280	$1,686,029	+0.0%
Net Income	$482,618	$338,258	+0.4%

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

$265,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN DUGGAN	PRESIDENT	40.00	Officer	$134,516	$15,500	$150,016
VIRGINIA HALEY	FORMER PRESIDENT	50.00		$192,659	$19,000	$211,659
ANDREA HUNT	VICE PRESIDENT OF FINANCE & ADMINISTRATION	40.00	Officer	$100,480	$15,500	$115,980
RICHARD RUSSELL	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN LACIVITA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIM SELF	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
NICK MAVRIKAS	PAST CHAIR	1.00	Director	$0	$0	$0
MARK GORDON	TRUSTEE	1.00	Director	$0	$0	$0
RICK KONSAVAGE	TRUSTEE	1.00	Director	$0	$0	$0
HON RON CUTSINGER	TRUSTEE	1.00	Director	$0	$0	$0
WES SANTOS	TRUSTEE	1.00	Director	$0	$0	$0
MIKE QUILLEN	TRUSTEE	1.00	Director	$0	$0	$0
SUSIE BOWIE	TRUSTEE	1.00	Director	$0	$0	$0
KARA MORGAN	TRUSTEE	1.00	Director	$0	$0	$0
ANN FRESCURA	TRUSTEE	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
2024	$2,199,898	$1,717,280	$2,621,624	$482,618
2023	$2,024,287	$1,686,029	$1,927,815	$338,258
2022	$5,814,739	$5,736,297	$1,559,191	$78,442
2021	$4,640,700	$4,586,127	$1,250,974	$54,573
2020	$5,310,178	$5,248,698	$1,153,997	$61,480
2020	$5,310,178	$5,248,698	$1,153,997	$61,480
2019	$8,243,117	$8,119,642	$1,447,720	$123,475
2018	$7,093,081	$6,982,111	$1,641,263	$110,970

SARASOTA CONVENTION & VISITORS BUREAU INC