CORPUS CHRISTI CONVENTION AND VISI… - Form 990 Financial Data

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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

1956

Legal Domicile

Principal Officer

BROOK KAUFMAN

Phone

3618811888

Tax Period

2023-10-01 to 2024-09-30

CORPUS CHRISTI CONVENTION AND VISITORS BUREAU, founded in 1956, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2023. Expenses of $7.1M left a modest 8% surplus.

Mission

THE MISSION OF THE CVB IS TO DRIVE OVERNIGHT VISITORS TO THE CORPUS CHRISTI AREA AND PROVIDE A FULL SERVICE AREA TRAVEL INFORMATION CENTER. THE CVB PROVIDES THE COMMUNITY WITH MARKETING SUPPORT FOR THE TOURISM, SPORTS AND CONVENTION INDUSTRIES.

Program Service Accomplishments

Program 1

Expenses: $5,412,838 Revenue: $7,389,437

TO PROMOTE CONVENTION AND VISITOR ACTIVITY IN THE CORPUS CHRISTI BAY AREA.

Program 2

N/A

Program 3

N/A

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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 $0

Program Service Revenue $7,389,437

Investment Income $165,838

Other Revenue $114,219

TOTAL REVENUE $7,669,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,316,691

Fundraising Expenses $0

Program Expenses $5,412,838

Other Expenses $4,755,451

TOTAL EXPENSES $7,072,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,669,494	$7,858,884	0.0%
Expenses	$7,072,142	$7,471,459	-0.1%
Net Income	$597,352	$387,425	+0.5%

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

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

$232,225

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEVEN BHAKTA	PAST CHAIR	5.00	Officer Director	$0	$0	$0
AMY GRANBERRY	DIRECTOR	5.00	Officer Director	$0	$0	$0
KRYSTOF KUCEWIZ	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS HAMILTON	TREASURER	5.00	Director	$0	$0	$0
ALEX HARRIS	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD LOMAX	VICE CHAIR	5.00	Director	$0	$0	$0
JENNIFER LIRA	DIRECTOR	5.00	Director	$0	$0	$0
STEVE BANTA	DIRECTOR	5.00	Director	$0	$0	$0
MICHELLE BRASELTON	DIRECTOR	5.00	Director	$0	$0	$0
NATALIE VILLARREAL	SECRETARY	5.00	Director	$0	$0	$0
PAULETTE GUAJARDO	DIRECTOR	5.00	Director	$0	$0	$0
ZACK JURASEK	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN SMITH	DIRECTOR	5.00	Director	$0	$0	$0
SAM CANAVATI	CHAIR	5.00	Director	$0	$0	$0
PETER ZANONI	EX-OFFICIO	5.00	Director	$0	$0	$0
LATOYA RODRIGUEZ	EX-OFFICIO	5.00	Director	$0	$0	$0
JENNIFER VELA	EX-OFFICIO	5.00	Director	$0	$0	$0
DERRICK MAJCHSZAK	EX-OFFICIO	5.00	Director	$0	$0	$0
LISA HINOJOSA	EX-OFFICIO	5.00	Director	$0	$0	$0
MIKE CULBERTSON	EX-OFFICIO	5.00	Director	$0	$0	$0
AL ARREOLA	EX-OFFICIO	5.00	Director	$0	$0	$0
ANGIE FLORES	EX-OFFICIO	5.00	Director	$0	$0	$0
CINDIE GONZALEZ	EX-OFFICIO	5.00	Director	$0	$0	$0
ADRIAN RODRIGUEZ	EX-OFFICIO	5.00	Director	$0	$0	$0
DANIEL MELISE	EX-OFFICIO	5.00	Director	$0	$0	$0
BRADY BALLARD	EX-OFFICIO	5.00	Director	$0	$0	$0
GABRIEL DURAN	EX-OFFICIO	5.00	Director	$0	$0	$0
CASEY LAIN	EX-OFFICIO	5.00	Director	$0	$0	$0
RICK PATEL	EX-OFFICIO	5.00	Director	$0	$0	$0
BRETT OETTING	CEO	53.00	Officer	$232,225	$0	$232,225

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	$2,484,008	$1,700,282	$6,012,145	$783,726
2024	$7,669,494	$7,072,142	$4,528,961	$597,352
2023	$7,858,884	$7,471,459	$4,103,812	$387,425
2023	$7,858,884	$7,471,459	$4,103,812	$387,425
2022	$7,303,382	$6,352,921	$3,298,383	$950,461
2021	$5,577,829	$5,462,244	$2,305,137	$115,585
2020	$5,198,551	$4,260,732	$1,730,848	$937,819
2019	$5,707,576	$5,733,168	$964,177	$-25,592
2018	$5,881,337	$5,962,578	$957,563	$-81,241

CORPUS CHRISTI CONVENTION AND VISITORS BUREAU