FAIRBANKS CONVENTION AND VISITORS BUREAU

EIN: 920063463

FAIRBANKS, AK

Total Revenue
$5,633,326
Total Expenses
$4,076,910
Total Assets
$6,437,421
Net Assets
$5,910,257
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
AK
Principal Officer
SCOTT MCCREA
Phone
9074573282
Tax Period
2023-01-01 to 2023-12-31

FAIRBANKS CONVENTION AND VISITORS BUREAU, founded in 1977, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 28% operating margin.

Mission

TO BE AN ECONOMIC DRIVER IN THE FAIRBANKS REGION BY MARKETING TO POTENTIAL VISITORS AND OPTIMIZING THE VISITOR EXPERIENCE.

Program Service Accomplishments

Program 1
Expenses: $2,227,483 Revenue: $457,466

PROMOTING THE FAIRBANKS REGION TO TOURISTS AND BUSINESSES. FCVB PRODUCES VISITOR GUIDES, ADVERTISES FAIRBANKS AS AN ATTRACTIVE DESTINATION IN VARIOUS MEDIA FORMS, AND HELPS TO FACILITATE EVENTS. FCVB...

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PROMOTING THE FAIRBANKS REGION TO TOURISTS AND BUSINESSES. FCVB PRODUCES VISITOR GUIDES, ADVERTISES FAIRBANKS AS AN ATTRACTIVE DESTINATION IN VARIOUS MEDIA FORMS, AND HELPS TO FACILITATE EVENTS. FCVB BRINGS CONVENTIONS AND GROUP MEETINGS TO FAIRBANKS. FCVB'S MISSION IS TO CONTRIBUTE TO THE ECONOMIC WELL BEING OF THE FAIRBANKS COMMUNITY BY FOCUSING ITS EFFORTS ON MARKETING FAIRBANKS TO POTENTIAL VISITORS.

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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 $5,084,587
Program Service Revenue $480,361
Investment Income $67,838
Other Revenue $540
TOTAL REVENUE $5,633,326

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,426,685
Fundraising Expenses $0
Program Expenses $2,227,483
Other Expenses $2,650,225
TOTAL EXPENSES $4,076,910

Year-over-Year Comparison

2023 2022 Change
Revenue $5,633,326 $4,788,348 +0.2%
Expenses $4,076,910 $3,544,488 +0.2%
Net Income $1,556,416 $1,243,860 +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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Governance

Voting Members
15
Independent Members
15
Employees
24
Volunteers
27

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
6
$157,845
Total Directors
18
$157,845
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT MCCREA PRESIDENT & CEO 40.00
Officer Director
$139,421 $18,424 $157,845
KATHY HEDGES CHAIR 3.00
Officer Director
$0 $0 $0
DOUG TOELLE CHAIR ELECT 3.00
Officer Director
$0 $0 $0
KORY EBERHARDT PAST CHAIR 3.00
Officer Director
$0 $0 $0
GINA KALLOCH TREASURER 3.00
Officer Director
$0 $0 $0
ELIZABETH GRISWOLD SECRETARY 3.00
Officer Director
$0 $0 $0
TRACY ZADRA BOARD MEMBER 2.00
Director
$0 $0 $0
GREG ALLISON BOARD MEMBER 2.00
Director
$0 $0 $0
ADRIEL BUTLER BOARD MEMBER 2.00
Director
$0 $0 $0
MOK KUMAGAI BOARD MEMBER 2.00
Director
$0 $0 $0
TIFFANY FERRIN BOARD MEMBER 2.00
Director
$0 $0 $0
ERICA MOELLER BOARD MEMBER 2.00
Director
$0 $0 $0
ANDY ANGER BOARD MEMBER 2.00
Director
$0 $0 $0
CARLY NELSON BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN SCHERZER BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD CROTEAU BOARD MEMBER 2.00
Director
$0 $0 $0
KRISTAN KELLY ASSEMBLY MEMBER 2.00
Director
$0 $0 $0
LONNY MARNEY CITY COUNCIL MEMBER 2.00
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
2024 No data No data No data No data
2023 $5,633,326 $4,076,910 $6,437,421 $1,556,416
2022 $4,788,348 $3,544,488 $4,131,768 $1,243,860
2021 $5,662,617 $5,785,752 $2,458,123 $-123,135
2020 $2,660,523 $2,794,701 $2,713,428 $-134,178
2019 $3,945,819 $3,722,641 $2,752,602 $223,178
2018 $3,909,540 $3,622,799 $2,351,809 $286,741
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