AUSTIN CONVENTION AND VISITORS BUREAU

EIN: 752648097

AUSTIN, TX

Total Revenue
$27,420,092
Total Expenses
$21,348,068
Total Assets
$23,121,324
Net Assets
$14,172,911
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TX
Principal Officer
THOMAS NOONAN
Phone
5124745171
Tax Period
2023-10-01 to 2024-09-30

AUSTIN CONVENTION AND VISITORS BUREAU, founded in 1998, is a mid-sized nonprofit that reported $27.4M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 22% operating margin.

Mission

PROMOTING CONVENTIONS, TRAVEL AND TOURISM IN AND TO THE CITY OF AUSTIN, AND PROVIDING RELATED SERVICES TO CONVENTION ATTENDEES, TRAVELERS, AND TOURISTS.

Program Service Accomplishments

Program 1

CONVENTION SERVICES TEAM PROVIDED MEETING SERVICES ON 3,263 ACCOUNTS. ADDITIONALLY, CONVENTION SERVICES CONDUCTED 105 SITE VISITS AND PLANNING MEETINGS. LOCAL BUSINESSES RECEIVED 1,100 SUPPLIER...

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CONVENTION SERVICES TEAM PROVIDED MEETING SERVICES ON 3,263 ACCOUNTS. ADDITIONALLY, CONVENTION SERVICES CONDUCTED 105 SITE VISITS AND PLANNING MEETINGS. LOCAL BUSINESSES RECEIVED 1,100 SUPPLIER REFERRALS AND LEADS. THE TEAM ALSO MET WITH 179 LOCAL BUSINESSES TO EDUCATE THEM ON WORKING WITH THE CONVENTION AND MEETINGS MARKET IN AUSTIN. THE AUSTIN FILM COMMISSION FACILITATED 161 PRODUCTION PACKAGES, 62 PRODUCTION STARTS AND 745 PRODUCTION DAYS FISCAL YEAR 2023-24. CONVENTION SALES GENERATED 635,204 HOTEL ROOM NIGHTS. CONVENTION CENTER BOOKINGS REPRESENTED 92,684 OF THOSE ROOM NIGHTS. 4,158 LEADS WERE GENERATED REPRESENTING OVER 4.2 MILLION ROOM NIGHTS.SIGNIFICANT BOOKINGS INCLUDE: NATIONAL FEDERATION OF THE BLIND -- JUNE/JULY 2026 AND 2027 9.783 HOTEL ROOM NIGHTS FOR EACH YEAR 3,500 ATTENDEESRDC WORLD- REAL DREAMS CHANGE THE WORLD -- JULY 2024 7,445 HOTEL ROOM NIGHTS 20,000 ATTENDEESSTRYKER -- JANUARY 2026 4,845 HOTEL ROOM NIGHTS 1,300 ATTENDEESTEXAS ASSOCIATION OF SCHOOL -- BUSINESS OFFICIALS FEBRUARY 2031 5,700 HOTEL ROOM NIGHTS 3,000 ATTENDEESAMERICAN TRUCKING ASSOCIATION -- OCTOBER 2030 5,900 HOTEL ROOM NIGHTS 3,000 ATTENDEESSAILPOINT TECHNOLOGIES -- SEPTEMBER/OCTOBER 2025 4,528 HOTEL ROOM NIGHTS 1,950 ATTENDEESBUILDING PERFORMANCE ASSOCIATION -- APRIL 2027 5,045 HOTEL ROOM NIGHTS 3,000 ATTENDEESMARKETING/COMMUNICATIONS -- FY23/24 PAID ADVERTISING EFFORTS SCALED FOR THE FIRST TIME SINCE 2019 WITH ADVERTISING BUDGETS RETURNING TO PRE-PANDEMIC LEVELS. THE INTEGRATED MEDIA CAMPAIGN SPANNING CUSTOM CONTENT, EXPERIENTIAL, PAID SOCIAL AND DIGITAL BUYS IN KEY FLY AND DRIVE MARKETS DELIVERED 463.8 MILLION IMPRESSIONS, 2.4 MILLION CLICKS AND INSPIRED 255,168 HOTEL SEARCHES AND 16,530 FLIGHT SEARCHES. NOTABLY, THE CAMPAIGN HAD 143,065 CONFIRMED HOTEL NIGHT BOOKINGS TIED TO CAMPAIGN EXPOSURE. KEY EXPERIENTIAL PROGRAMS INCLUDED ACTIVATIONS AND PARTNERSHIPS AT SXSW SYDNEY AND CAMBRIDGE CLUB FESTIVAL IN THE UK WITH BRAND USA, PITCHFORK MUSIC FESTIVAL IN CHICAGO, AND PARTNERSHIPS WITH TRAVEL TEXAS IN THE UK AT THE LONG ROAD FESTIVAL AND MEATOPIA. VISIT AUSTIN ALSO PRODUCED ITS FIRST EDITORIAL PHOTOSHOOT TO UPDATE LEISURE AND MEETINGS PHOTOGRAPHY, FEATURING 9 LOCAL BUSINESSES AND LOCATIONS IN AUSTIN. TOURISM -- LEISURE TRAVEL REPRESENTS AN AREA OF STRATEGIC GROWTH FOR OUR HOSPITALITY PARTNERS TO INCREASE VISITATION TO AUSTIN. IN FY23/24, THE TOURISM DEPARTMENT FOCUSED ON HIGH-VALUE IN-PERSON MEETINGS AND MARKETING AND PROMOTION TO TRAVEL TRADE TO INCREASE PRODUCT PACKAGING, WITH 1,200 DESTINATION TRAININGS COMPLETED WITH TOUR PROVIDERS AND PARTNERSHIPS WITH INDUSTRY ENTITIES INCLUDING BRAND USA, UNITED STATES TRAVEL ASSOCIATION, HABLO AND THE TEXAS TOURISM OFFICE. SIGNIFICANT TRAVEL TRADE AND SALES MISSIONS INCLUDED IPW LOS ANGELES, BRAND USA SOUTH KOREA AND JAPAN SALES MISSIONS, AND CANADA CONNECT. WE HAVE EXPANDED CONTRACTING WITH INTERNATIONAL-BASED REPRESENTATION TO ASSIST WITH ONGOING MARKETING AND FLIGHT SERVICE ACTIVITIES IN THE UK, EUROPE, MEXICO, CANADA, ASIA AND LATIN/CENTRAL AMERICA. THE TOURISM STAFF ALSO WORKED WITH THE AUSTIN AIRPORT TO SECURE AND GROW AIR SERVICE WITH NEW NONSTOPS TO MONTREAL IN MAY 2024 AND REINSTATED AIR SERVICE TO MONTEREY IN MARCH 2024. AUSTIN ALSO CELEBRATED 10 YEARS OF NONSTOP AIR SERVICE BETWEEN AUS AND LHR ON BRITISH AIRWAYS, AND WORKED CLOSELY WITH THE AIRPORT TEAM TO SECURE THE ANNOUNCEMENT OF A DOUBLE DAILY LAUNCH IN MARCH 2025.

Program 2

MUSIC MARKETING OFFICE CONFIRMED 171 PERFORMANCE BOOKINGS FOR AUSTIN MUSICIANS AND HAD A TOTAL OF 770 MUSIC INQUIRIES. THE MUSIC OFFICES' KEY ACCOMPLISHMENTS INCLUDED SUPPORTING LOCAL MUSICIANS WITH...

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MUSIC MARKETING OFFICE CONFIRMED 171 PERFORMANCE BOOKINGS FOR AUSTIN MUSICIANS AND HAD A TOTAL OF 770 MUSIC INQUIRIES. THE MUSIC OFFICES' KEY ACCOMPLISHMENTS INCLUDED SUPPORTING LOCAL MUSICIANS WITH PERFORMANCE OPPORTUNITIES AS WELL AS 3 MUSIC LICENSING OPPORTUNITIES FOR AUSTIN SONGWRITERS. THE MUSIC OFFICE ALSO BROUGHT BACK THE "LOCAL AND LIVE" MUSIC SERIES TO OUR VISIT AUSTIN VISITOR CENTER FEATURING 9 PERFORMERS DURING SXSW MUSIC WEEK. THE 2024 EXPERIENTIAL CAMPAIGN RESULTED IN 43.9M BRAND IMPRESSIONS, INCLUDING OVER 51K UNIQUE ONSITE IMPRESSIONS, 26 MUSICIAN PERFORMANCE AND 8 LOCAL AUSTIN BUSINESSES SHOWCASED IN UK, CHICAGO, SAN DIEGO AND SYDNEY, AUSTRALIA.

Program 3

THIS YEAR, THE STRATEGIC ALLIANCES DEPARTMENT SUCCESSFULLY INCREASED REVENUE AND EXPANDED COMMUNITY IMPACT, GENERATING OVER $1M IN TOTAL REVENUE AND $855K IN DONATED SERVICES FOR VISIT AUSTIN. WE...

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THIS YEAR, THE STRATEGIC ALLIANCES DEPARTMENT SUCCESSFULLY INCREASED REVENUE AND EXPANDED COMMUNITY IMPACT, GENERATING OVER $1M IN TOTAL REVENUE AND $855K IN DONATED SERVICES FOR VISIT AUSTIN. WE GREW THE VISIT AUSTIN FOUNDATION'S REACH BY RAISING OVER $111K, LAUNCHING NEW EDUCATION PROGRAMS INCLUDING THE EXECUTIVE EDUCATION SERIES IN PARTNERSHIP WITH MCCOMBS SCHOOL OF BUSINESS AND AUSTIN INSIDER TRAINING. WE DEEPENED INDUSTRY ENGAGEMENT THROUGH EVENTS LIKE GIVE BACK GIG AND THANKS FORE GIVING. WE ALSO ENHANCED PARTNER PROGRAMMING, IMPROVED SPONSORSHIP FULFILLMENT, AND HOSTED OUR LARGEST ANNUAL MEETING TO DATE WITH 771 ATTENDEES.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $26,741,781
Investment Income $64,532
Other Revenue $613,779
TOTAL REVENUE $27,420,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,794,332
Fundraising Expenses $0
Other Expenses $13,553,736
TOTAL EXPENSES $21,348,068

Year-over-Year Comparison

2023 2022 Change
Revenue $27,420,092 $14,816,055 +0.9%
Expenses $21,348,068 $13,209,054 +0.6%
Net Income $6,072,024 $1,607,001 +2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
33
Independent Members
33
Employees
77
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
4
$1,129,781
Total Directors
33
$0
Key Employees
3
$650,575
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZO QADRI DIRECTOR 1.00
Director
$0 $0 $0
WILL BRIDGES DIRECTOR 1.00
Director
$0 $0 $0
VIJAY PATEL DIRECTOR 1.00
Director
$0 $0 $0
TRISHA TATRO CMP DIRECTOR 1.00
Director
$0 $0 $0
TOM STACY DIRECTOR 1.00
Director
$0 $0 $0
TINA CANNON DIRECTOR 1.00
Director
$0 $0 $0
TAM HAWKINS DIRECTOR 1.00
Director
$0 $0 $0
STEVEN STOUT DIRECTOR 1.00
Director
$0 $0 $0
SKEETER MILLER BOARD CHAIRMAN 1.00
Officer Director
$0 $0 $0
SCOTT BLALOCK DIRECTOR 1.00
Director
$0 $0 $0
RODNEY SIEBELS DIRECTOR 1.00
Director
$0 $0 $0
ROB GILLETTE DIRECTOR 1.00
Director
$0 $0 $0
NENAD PRAPORSKI DIRECTOR 1.00
Director
$0 $0 $0
MONICA ANDRY DIRECTOR 1.00
Director
$0 $0 $0
MARK DUVAL DIRECTOR 1.00
Director
$0 $0 $0
KIRK WATSON DIRECTOR 1.00
Director
$0 $0 $0
JOE BOLASH DIRECTOR 1.00
Director
$0 $0 $0
JOANNA MCCREARY DIRECTOR 1.00
Director
$0 $0 $0
JJ GOTTSCH DIRECTOR 1.00
Director
$0 $0 $0
JIM RITTS DIRECTOR 1.00
Director
$0 $0 $0
JESUS GARZA DIRECTOR 1.00
Director
$0 $0 $0
JEREMY MARTIN DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER CURRIER DIRECTOR 1.00
Director
$0 $0 $0
GREG CHANON DIRECTOR 1.00
Director
$0 $0 $0
GHIZLANE BADAWI DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH ALDERSON DIRECTOR 1.00
Director
$0 $0 $0
DOTTIE WATKINS DIRECTOR 1.00
Director
$0 $0 $0
DIANNE BANGLE DIRECTOR 1.00
Director
$0 $0 $0
DEWITT PEART DIRECTOR 1.00
Director
$0 $0 $0
DAVID MASTERS DIRECTOR 1.00
Director
$0 $0 $0
CINDY LO IMMEDIATE PAST BOARD CHAIR 1.00
Director
$0 $0 $0
BEVERLY MAGEE DIRECTOR 1.00
Director
$0 $0 $0
ANDY LOUGHNANE DIRECTOR 1.00
Director
$0 $0 $0
THOMAS NOONAN CEO 40.00
Officer
$473,263 $60,495 $533,758
STEPHEN GENOVESI EVP 40.00
Officer
$296,345 $52,807 $349,152
JULIE CHASE CMO 40.00
Officer
$215,248 $31,623 $246,871
MARY KAY HACKLEY VP 40.00
Key Emp
$194,012 $23,337 $217,349
LINDA ATKINS VP 40.00
Key Emp
$163,486 $28,769 $192,255
ALYSIA RODEN VP 40.00
Key Emp
$214,085 $26,886 $240,971
SHANNON CANNON SR DIRECTOR OF TX ACCOUNTS 40.00
Highest
$136,477 $26,113 $162,590
SARAH MCCABE DIRECTOR OF NORTHEAST REG SALES 40.00
Highest
$153,992 $10,779 $164,771
LINDSEY ELLIOTT DIRECTOR OF WEST COAST SALES 40.00
Highest
$138,027 $12,876 $150,903
KRISTEN PARKER DIRECTOR OF EASTERN REG SALES 40.00
Highest
$148,708 $26,451 $175,159
ANDREW HAYS EXEC DIR, AUSTIN SPORTS COMMISSION 0.00
Highest
$140,251 $18,669 $158,920
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 $27,420,092 $21,348,068 $23,121,324 $6,072,024
2023 $14,816,055 $13,209,054 $19,887,205 $1,607,001
2022 $9,661,935 $10,314,901 $7,922,458 $-652,966
2021 $6,830,186 $8,299,852 $8,364,471 $-1,469,666
2020 $11,196,215 $10,798,122 $10,029,186 $398,093
2019 $14,422,102 $14,948,935 $9,769,525 $-526,833
2018 $16,819,425 $16,709,779 $10,507,296 $109,646
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