LAS VEGAS EVENTS INC

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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

1983

Legal Domicile

Principal Officer

TIMOTHY KEENER

Phone

7022608605

Tax Period

2024-07-01 to 2025-06-30

LAS VEGAS EVENTS INC, founded in 1983, is a mid-sized nonprofit that reported $37.8M in total revenue in fiscal year 2024.

Mission

ADVANCING OF COMMERCIAL INTERESTS IN STATE OF NEVADA BY ENCOURAGING AND PROMOTING SPECIAL EVENTS, WHICH WILL STIMULATE TOURISM, COMMERCE, TRADE AND BUSINESS IN SOUTHERN NEVADA.

Program Service Accomplishments

Program 1

PRODUCTION OF THE NATIONAL FINALS RODEO TO PROMOTE TOURISM AND ADVANCE THE COMMERICAL INTERESTS OF SOUTHERN NEVADA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,020,094

Program Service Revenue $33,688,251

Investment Income $138,367

Other Revenue $0

TOTAL REVENUE $37,846,712

Expense Breakdown

Grants Paid $4,849,302

Salaries & Benefits $5,157,848

Fundraising Expenses $0

Other Expenses $27,882,336

TOTAL EXPENSES $37,889,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,846,712	$36,552,191	+0.0%
Expenses	$37,889,486	$36,509,417	+0.0%
Net Income	$-42,774	$42,774	-2.0%

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

150

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

$369,231

Total Directors

Key Employees

$821,006

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BALDIZAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BOLOGNINI	TRUSTEE	1.00	Director	$0	$0	$0
BETSY FRETWELL	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL GAUGHAN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES GIBSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CAROLYN GOODMAN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS JINGOLI	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM MCBEATH	TRUSTEE	1.00	Director	$0	$0	$0
SEAN MCBURNEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DEREK STEVENS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY KEENER	PRESIDENT	40.00	Officer	$337,500	$31,731	$369,231
MICHAEL MACK	VP, MARKETING	40.00	Key Emp	$200,977	$29,628	$230,605
DEAN GARDNER	VP, CORPORATE MARKETING	40.00	Key Emp	$199,472	$14,466	$213,938
DIANA MCCALL	VP, FINANCE	40.00	Key Emp	$191,192	$12,367	$203,559
ALEXANDRA GONZALEZ	VP, OPERATIONS	40.00	Key Emp	$150,154	$22,750	$172,904
ERIC BERNER	SENIOR ART DIRECTOR	40.00	Highest	$125,839	$21,657	$147,496
CHERYL KOCVARA	FINANCIAL SPECIALIST	40.00	Highest	$105,538	$27,908	$133,446
AMBER HELD	EVENT DEVELOPMENT MANAGER	40.00	Highest	$104,825	$27,878	$132,703
PAT CHRISTENSON	CONSULTANT (THRU 12/31/23)	0.00		$186,796	$32,282	$219,078
DALE EELES	VP, EVENT DEV (THRU 3/16/24)	0.00		$116,815	$5,351	$122,166

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	$37,846,712	$37,889,486	$14,225,657	$-42,774
2024	$36,552,191	$36,509,417	$12,945,517	$42,774
2023	$33,178,297	$32,948,771	$10,959,356	$229,526
2022	$30,912,427	$30,961,916	$9,599,850	$-49,489
2021	$5,544,926	$5,832,843	$8,586,651	$-287,917
2020	$27,611,174	$28,578,069	$8,612,849	$-966,895
2019	$28,057,808	$28,341,375	$12,371,837	$-283,567
2018	$27,113,075	$27,607,079	$10,226,312	$-494,004