CHATTANOOGA AREA CONVENTION & VISITORS BUREAU INC (EIN 620156713) - 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

1946

Legal Domicile

Principal Officer

BARRY WHITE

Phone

4237568687

Tax Period

2023-01-01 to 2023-12-31

CHATTANOOGA AREA CONVENTION & VISITORS BUREAU INC, founded in 1946, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2023.

Mission

TO PROMOTE TOURISM AND CONVENTIONS IN THE LOCAL CHATTANOOGA AREA

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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 $10,626,225

Program Service Revenue $1,703,700

Investment Income $38,498

Other Revenue $14,106

TOTAL REVENUE $12,382,529

Expense Breakdown

Grants Paid $300,000

Salaries & Benefits $3,541,284

Fundraising Expenses $0

Program Expenses $11,677,873

Other Expenses $9,220,760

TOTAL EXPENSES $13,062,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,382,529	$12,349,629	+0.0%
Expenses	$13,062,044	$12,131,679	+0.1%
Net Income	$-679,515	$217,950	-4.1%

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

965

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

$1,116,645

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH SANFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHIP BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
EVANN FREEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN DEFOOR	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY MACK	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTY MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIK NEIL	BOARD MEMBER	1.00	Director	$0	$0	$0
WESTON WAMP	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA ASHFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
DARIK DAWES	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA MARAGNANO	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
HUGH MORROW	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHNNY O'BRIEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIMOTHY MORGAN	CHIEF SPORTS OFFICER	40.00	Officer	$183,157	$33,495	$216,652
BRIAN MURPHY	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$179,118	$32,717	$211,835
BARRY WHITE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$281,963	$34,898	$316,861
SUSAN HARRIS	CHIEF OPERATING OFFICER	40.00	Officer	$219,730	$29,157	$248,887
DAVID BLAIR	CHIEF MARKETING OFFICER	40.00	Officer	$109,273	$13,137	$122,410

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	No data	No data	No data	No data
2023	$12,382,529	$13,062,044	$8,438,027	$-679,515
2022	$12,349,629	$12,131,679	$8,117,452	$217,950
2021	$12,124,566	$10,136,676	$6,892,228	$1,987,890
2020	$7,628,940	$7,066,440	$4,494,476	$562,500
2019	$9,249,027	$8,723,783	$4,104,411	$525,244
2018	$8,896,762	$9,463,228	$2,605,879	$-566,466

CHATTANOOGA AREA CONVENTION & VISITORS BUREAU INC