ALBANY CONVENTION AND VISITORS BUREAU INC

EIN: 825502373 Community Improvement

ALBANY, GA

Total Revenue
$816,995
Total Expenses
$854,155
Total Assets
$1,215,332
Net Assets
$1,075,252
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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
2018
Legal Domicile
GA
Principal Officer
RASHELLE BEASLEY MINIX
Phone
2293174760
Tax Period
2023-07-01 to 2024-06-30

ALBANY CONVENTION AND VISITORS BUREAU INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $817K in total revenue in fiscal year 2023.

Mission

THE CVB IS FORMED AND ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR NON- PROFIT TRADE OR BUSINESS DEVELOPMENT PURPOSES. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, AND NOT BY WAY OF LIMITATION, CVB IS FORMED AND ORGANIZED TO PROVIDE FOR THE PROMOTION, STIMULATION, PROCUREMENT AND SERVICING OF CONVENTIONS, CONFERENCES, SEMINARS, SPORTING EVENTS AND SPECIAL EVENTS, ALONG WITH THE DEVELOPMENT OF TOURISM THROUGH ATTRACTION OF VISITORS TO ALBANY; FOSTER BETTER PUBLIC UNDERSTANDING ON THE PART OF INDIVIDUALS AND BUSINESSES OF THE IMPORTANCE OF THE CONVENTIONS AND VISITOR INDUSTRY TO THE LOCAL ECONOMY; AND ADVOCATE FOR AND ASSIST WITH COLLABORATION AND COOPERATION BETWEEN BUSINESSES AND INDUSTRIES SERVICING VISITORS, CONVENTIONS, AND TOURISM IN GENERAL. ALL OF SUCH ACTIONS ARE IN FURTHERANCE OF IMPROVING BUSINESS CONDITIONS IN THE CITY OF ALBANY AND DOUGHERTY COUNTY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $800,000
Program Service Revenue $9,080
Investment Income $1,247
Other Revenue $6,668
TOTAL REVENUE $816,995

Expense Breakdown

Grants Paid $10,500
Salaries & Benefits $318,525
Fundraising Expenses $0
Other Expenses $525,130
TOTAL EXPENSES $854,155

Year-over-Year Comparison

2023 2022 Change
Revenue $816,995 $807,562 +0.0%
Expenses $854,155 $785,192 +0.1%
Net Income $-37,160 $22,370 -2.7%
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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Governance

Voting Members
11
Independent Members
11
Employees
11
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
1
$119,093
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOMMY GREGORS 2024 DIRECTOR 1.00
Director
$0 $0 $0
LINDA DAVIS 2024 DIRECTOR 1.00
Director
$0 $0 $0
NICOLE WILLIAMS 2024 DIRECTOR 1.00
Director
$0 $0 $0
JUWAN WILSON 2023 DIRECTOR 1.00
Director
$0 $0 $0
TERRELL JACOBS CITY DIRECTOR 1.00
Director
$0 $0 $0
JOHNNY SEABROOKS 2024 DIRECTOR 1.00
Director
$0 $0 $0
VICTOR LANDRY 2025 DIRECTOR 1.00
Director
$0 $0 $0
ANDREW WULF 2026 DIRECTOR 1.00
Director
$0 $0 $0
SHERRER HESTER 2026 DIRECTOR 1.00
Director
$0 $0 $0
DERON KING COUNTY DIRECTOR 1.00
Director
$0 $0 $0
SHEILA BARLOW 2027 DIRECTOR 1.00
Director
$0 $0 $0
RASHELLE BEASLEY MINIX EXECUTIVE DI 40.00
Officer
$89,519 $29,574 $119,093
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
2025 No data No data No data No data
2024 $816,995 $854,155 $1,215,332 $-37,160
2024 No data No data No data No data
2023 $807,562 $785,192 $1,212,190 $22,370
2022 $845,016 $853,824 $1,165,535 $-8,808
2021 $805,747 $633,315 $1,142,648 $172,432
2020 $1,192,232 $688,786 $961,669 $503,446
2019 $751,615 $791,980 $437,524 $-40,365
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