VISITOR DEVELOPMENT FUND 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

2001

Legal Domicile

Principal Officer

BRIAN LANG

Phone

5032759750

Tax Period

2024-07-01 to 2025-06-30

VISITOR DEVELOPMENT FUND INC, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $674K, a strong 17% operating margin.

Mission

TO PLAN, BUDGET FOR AND ADMINISTER THE EXPENDITURE OF THE ALLOCATION OF REVENUES FROM THE 2.5% INCREASE IN THE MULTNOMAH COUNTY TRANSIENT LODGING TAX AND VEHICLE RENTAL TAX WHICH SHALL BE EXPENDED TO ATTRACT VISITORS TO PORTLAND AND MULTNOMAH COUNTY THAT MAXIMIZE HOTEL OCCUPANCY AND VEHICLE RENTALS IN THE CITY OF PORTLAND.

Program Service Accomplishments

Program 1

MADE GRANTS TO SUPPORT TOURISM RELATED EVENTS, PROMOTIONS AND ORGANIZATIONS.

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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 $3,766,400

Program Service Revenue $0

Investment Income $104,445

Other Revenue $0

TOTAL REVENUE $3,870,845

Expense Breakdown

Grants Paid $3,162,936

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $33,528

TOTAL EXPENSES $3,196,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,870,845	$3,187,613	+0.2%
Expenses	$3,196,464	$3,485,556	-0.1%
Net Income	$674,381	$-297,943	-3.3%

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

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
BRIAN LANG	PRESIDENT & CHAIR	1.00	Officer Director	$0	$0	$0
MARTIN MCALLISTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMES JESSIE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID WESTON	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
MIKE DALEY	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
ASHTON SIMPSON	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
JESSICA VEGA PEDERSON	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
LYNN PETERSON	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
DRAGAN ANDREJIC	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
JULIA BRIM-EDWARDS	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
JAMIE DUNPHY	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
MIKE MCLEOD	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
TODD STANSBURY	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
KEITH WILSON	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
YANG YANG	TREASURER	1.00	Officer	$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	$3,870,845	$3,196,464	$8,955,950	$674,381
2024	No data	No data	No data	No data
2023	$1,669,357	$2,318,246	$8,484,502	$-648,889
2022	$1,322,451	$681,249	$9,399,717	$641,202
2021	$541,855	$106,657	$8,063,495	$435,198
2020	$4,149,293	$1,572,680	$7,625,312	$2,576,613
2019	$796,658	$1,691,920	$5,048,699	$-895,262
2018	$4,378,274	$1,569,611	$5,943,961	$2,808,663