Jacksonville Convention Committee Inc (EIN 921669008) - Form 990 Financial Analysis & Trantor Score

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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

2022

Legal Domicile

Principal Officer

Michael Corrigan

Phone

2146767442

Tax Period

2023-01-01 to 2023-12-31

Jacksonville Convention Committee Inc, founded in 2022, is a small nonprofit that reported $561K in total revenue in fiscal year 2023. The organization ran a surplus of $476K, a strong 85% operating margin.

Mission

Jacksonville Convention Committee is dedicated to economic development in the Jacksonville Florida area. The organization seeks to attract trades businesses and other groups to the Jacksonville area to host events which have a beneficial impact on the community including but not limited to job creation tax revenue increase direct spending influx infrastructure development boost local businesses enhanced city profile networking and innovation opportunities and tourism growth.

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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 (2023)

Revenue Breakdown

Contributions & Grants $561,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $561,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,280

Other Expenses $84,962

TOTAL EXPENSES $84,962

Year-over-Year Comparison

	2023	2022	Change
Revenue	$561,000	N/A	N/A
Expenses	$84,962	N/A	N/A
Net Income	$476,038	$0	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Corrigan	Director	1.00	Director	$0	$0	$0
Michael Walz	Director	1.00	Director	$0	$0	$0
Daniel Davis	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
2023	$561,000	$84,962	$476,038	$476,038

Jacksonville Convention Committee Inc