ALBUQUERQUE CONVENTION & VISITORS BUREAU

EIN: 850285280

ALBUQUERQUE, NM

Total Revenue
$15,205,201
Total Expenses
$13,705,832
Total Assets
$7,681,296
Net Assets
$5,372,044
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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
1980
Legal Domicile
NM
Principal Officer
TANIA ARMENTA
Phone
5058429918
Tax Period
2022-07-01 to 2023-06-30

ALBUQUERQUE CONVENTION & VISITORS BUREAU, founded in 1980, is a mid-sized nonprofit that reported $15.2M in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $13.7M left a modest 10% surplus.

Mission

AS THE OFFICIAL DESTINATION MARKETING ORGANIZATION FOR THE CITY, VISIT ALBUQUERQUE IS RESPONSIBLE FOR PROMOTING ALBUQUERQUE AS A COMPETITIVE AND WORLD-CLASS LEISURE, MEETING, CONVENTION AND SPORTS DESTINATION, AND ENHANCING ITS PUBLIC IMAGE AS A DYNAMIC PLACE TO LIVE AND WORK. THROUGH THE IMPACT OF TRAVEL, VISIT ALBUQUERQUE STRENGTHENS THE CITY'S ECONOMIC POSITION AND PROVIDES OPPORTUNITY FOR PEOPLE IN THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,100,574
Program Service Revenue $6,102,023
Investment Income $2,604
Other Revenue $0
TOTAL REVENUE $15,205,201

Expense Breakdown

Grants Paid $407,456
Salaries & Benefits $2,544,684
Fundraising Expenses $0
Other Expenses $10,753,692
TOTAL EXPENSES $13,705,832

Year-over-Year Comparison

2022 2021 Change
Revenue $15,205,201 $8,800,784 +0.7%
Expenses $13,705,832 $6,702,244 +1.0%
Net Income $1,499,369 $2,098,540 -0.3%
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

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Governance

Voting Members
13
Independent Members
13
Employees
29
Volunteers
56

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
9
$496,734
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TANIA ARMENTA PRESIDENT & CEO 40.00
Officer
$166,777 $14,569 $181,346
CEELA MCELVENY VP OF MARKETING 40.00
Officer
$134,390 $16,838 $151,228
WILLIAM SCHUDLICH VP OF ACCOUNTING (AS OF 5/22) 40.00
Officer
$70,270 $0 $70,270
KRISTIN MCGRATH VP OF SALES (THRU 4/22) 40.00
Officer
$44,487 $3,264 $47,751
SCOTT CRAIGHEAD VP OF SALES (AS OF 8/22) 40.00
Officer
$44,742 $1,397 $46,139
DEEPESH KHOLWADWALA CHAIR 10.00
Officer Director
$0 $0 $0
MICHAEL CANFIELD CHAIR-ELECT 5.00
Officer Director
$0 $0 $0
SCOTT CAPE SECRETARY/TREASURER 5.00
Officer Director
$0 $0 $0
HEATHER ARNOLD IMMEDIATE PAST CHAIR 10.00
Officer Director
$0 $0 $0
BEN ABRUZZO DIRECTOR 0.30
Director
$0 $0 $0
LEAH BLACK DIRECTOR 0.30
Director
$0 $0 $0
TOM GARRITY DIRECTOR 0.30
Director
$0 $0 $0
STEVE GRANT DIRECTOR 0.30
Director
$0 $0 $0
CAINAN HARRIS DIRECTOR 0.30
Director
$0 $0 $0
KARL HOLME DIRECTOR 0.30
Director
$0 $0 $0
DAMEN KOMPANOWSKI DIRECTOR 0.30
Director
$0 $0 $0
CHRISTINE PAULEY DIRECTOR 5.00
Director
$0 $0 $0
WILLIAM R STAFFORD DIRECTOR 0.30
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $15,205,201 $13,705,832 $7,681,296 $1,499,369
2022 $8,800,784 $6,702,244 $4,916,660 $2,098,540
2021 $4,018,411 $3,492,222 $3,028,509 $526,189
2020 $6,482,837 $5,782,722 $2,206,425 $700,115
2019 $6,566,972 $6,559,454 $1,785,155 $7,518
2018 $6,404,793 $6,402,625 $1,368,457 $2,168
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