RICHMOND CONVENTION & VISITORS BUR… - 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

2004

Principal Officer

RAULY BUTLER

Tax Period

2018-01-01 to 2018-12-31

RICHMOND CONVENTION & VISITORS BUREAU INC, founded in 2004, is a small nonprofit that reported $290K in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $276K left a modest 5% surplus.

Mission

THE MISSION OF THE RICHMOND CONVENTION AND VISITORS BUREAU IS TO DEVELOP AND PROMOTE THE CITY OF RICHMOND, CA AND ITS AMENITIES AS A DESTINATION, THEREBY CONTRIBUTING TO THE COMMUNITY'S ECONOMIC GROWTH AND ENHANCEMENT OF ITS PUBLIC IMAGE.

Program Service Accomplishments

Program 1

Expenses: $275,871 Revenue: $289,868

VARIOUS ACTIVITIES TO PROMOTE TOURISM AND CONVENTION BUSINESS IN THE CITY OF RICHMOND, CA, INCLUDING PRODUCING BROCHURES AND OTHER PRINTED INFORMATION ABOUT THE CITY, PROMOTING SPECIAL EVENTS...

VARIOUS ACTIVITIES TO PROMOTE TOURISM AND CONVENTION BUSINESS IN THE CITY OF RICHMOND, CA, INCLUDING PRODUCING BROCHURES AND OTHER PRINTED INFORMATION ABOUT THE CITY, PROMOTING SPECIAL EVENTS, ATTENDING CONVENTIONS AND CONFERENCES, CREATING ADVERTISING, AND ACTING AS A RESOURCE FOR RICHMOND HOTELS, MOTELS, RESTAURANTS AND OTHER RELATED BUSINESSES

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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 $0

Program Service Revenue $289,868

Investment Income $2

Other Revenue $0

TOTAL REVENUE $289,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,573

Fundraising Expenses $0

Program Expenses $275,871

Other Expenses $159,298

TOTAL EXPENSES $275,871

Year-over-Year Comparison

	2018	2017	Change
Revenue	$289,870	$259,304	+0.1%
Expenses	$275,871	$249,715	+0.1%
Net Income	$13,999	$9,589	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMIT PATEL	PRESIDENT	4.00	Officer	$0	$0	$0
RAULY BUTLER	TREASURER/VP	2.00	Officer	$0	$0	$0
ROB LIGHTNER	SECRETARY	2.00	Officer	$0	$0	$0
JOE FISHER	DIRECTOR	1.00	Director	$0	$0	$0
MONA PATEL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LEATHERMAN	ADVISORY(NON	1.00	Director	$0	$0	$0
JANET JOHNSON	ADVISORY(NON	1.00	Director	$0	$0	$0
JEFF GAGNON	DIRECTOR	1.00	Director	$0	$0	$0
ALEX KNOX	ADVISORY(NON	1.00	Director	$0	$0	$0
BRANDON EVANS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
RICK LEVY	DIRECTOR	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
2018	$289,870	$275,871	$213,822	$13,999

RICHMOND CONVENTION & VISITORS BUREAU INC