SOLVANG CONFERENCE & VISITORS BURE… - 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

1986

Legal Domicile

Principal Officer

KIM JENSEN

Phone

8056886144

Tax Period

2018-07-01 to 2019-06-30

SOLVANG CONFERENCE & VISITORS BUREAU INC, founded in 1986, is a small nonprofit that reported $851K in total revenue in fiscal year 2018.

Mission

TO PROMOTE TOURISM WITHIN AND FOR THE BENEFIT OF THE CITY OF SOLVANG.

Program Service Accomplishments

Program 1

Expenses: $789,339

TO PROMOTE TOURISM WITHIN AND FOR THE BENEFIT OF THE CITY OF SOLVANG.

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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 (2018)

Revenue Breakdown

Contributions & Grants $778,680

Program Service Revenue $0

Investment Income $135

Other Revenue $72,447

TOTAL REVENUE $851,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,513

Fundraising Expenses $0

Program Expenses $789,339

Other Expenses $477,276

TOTAL EXPENSES $829,789

Year-over-Year Comparison

	2018	2017	Change
Revenue	$851,262	$818,118	+0.0%
Expenses	$829,789	$830,328	0.0%
Net Income	$21,473	$-12,210	-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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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

Total Directors

$104,446

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM JENSEN	President	1.00	Officer Director	$0	$0	$0
JESSY VERKLER	CFO	1.00	Officer Director	$0	$0	$0
JEFF PAASKE	Director	0.00	Director	$0	$0	$0
KAREN STEINWACHS	Director	1.00	Director	$0	$0	$0
LAURA HANBERG	Vice President	1.00	Director	$0	$0	$0
TRACY FARHAD	Executive Dir.	40.00	Director	$104,446	$0	$104,446

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
2019	$851,262	$829,789	$102,891	$21,473
2018	$818,118	$830,328	$78,751	$-12,210

SOLVANG CONFERENCE & VISITORS BUREAU INC