ALBANY CONVENTION AND VISITORS ASSOCIATION (EIN 931016272) - 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

2001

Legal Domicile

Principal Officer

HEDIE SCHULTE

Phone

5419280911

Tax Period

2024-07-01 to 2025-06-30

ALBANY CONVENTION AND VISITORS ASSOCIATION, founded in 2001, is a small nonprofit that reported $523K in total revenue in fiscal year 2024. Expenses of $503K left a modest 4% surplus.

Mission

TO GROW THE ECONOMIC IMPACT OF TOURISM AND ENRICH LOCAL EXPERIENCES; CARRYING THIS OUT BY ENCOURAGING OVERNIGHT STAYS AND VISITOR EXPENDITURES, SEEKING NEW TOURISM OPPORTUNITIES (INCLUDING LOCAL, REGIONAL AND STATE-WIDE PARTNERSHIPS), AND PROMOTING ALBANY AND THE SURROUNDING AREA.

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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 $453,057

Program Service Revenue $68,967

Investment Income $-1,202

Other Revenue $2,668

TOTAL REVENUE $523,490

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $248,045

Fundraising Expenses $0

Program Expenses $324,187

Other Expenses $250,212

TOTAL EXPENSES $503,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,490	$515,738	+0.0%
Expenses	$503,257	$527,612	0.0%
Net Income	$20,233	$-11,874	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$84,763

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNER MCLAIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
BETH PEUTZ	TREASURER	2.00	Officer Director	$0	$0	$0
HEDIE SCHULTE	SECRETARY/VP	2.00	Officer Director	$0	$0	$0
CHRISTINE HACKENBRUCK	BOARD MEMBER	1.00	Director	$0	$0	$0
JODY KRUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
MADELINE MACGREGOR	BOARD MEMBER	1.00	Director	$0	$0	$0
SABRINA GRATO	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH SHINN	BOARD MEMBER	1.00	Director	$0	$0	$0
BETHANY MEANEY-HOFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMILLE ROMANIA	BOARD MEMBER	1.00	Director	$0	$0	$0
RENE SADAE TERM ENDED 123024	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWNA TURKINS TERM ENDED 123024	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH KOLKOW TERM ENDED 123024	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY JOSS TERM ENDED 123024	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRONC SHUEY TERM ENDED 123024	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA BOND	EXECUTIVE DIRECTOR	40.00	Officer	$84,763	$0	$84,763

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	$523,490	$503,257	$328,376	$20,233
2024	$515,738	$527,612	$306,051	$-11,874
2023	$526,824	$442,486	$318,393	$84,338
2022	$345,953	$281,087	$233,304	$64,866
2021	$296,792	$232,925	$211,336	$63,867
2020	$430,907	$371,250	$103,971	$59,657
2019	$457,903	$434,310	$45,899	$23,593

ALBANY CONVENTION AND VISITORS ASSOCIATION