2012 Tampa Bay Host Committee Inc

What it reported doing in 2012

The organization completed or was in the planning stages of the following activities: 1)defray the expenses of state and/or local government incurred in the promotion of the tampa bay area as a suitable location for a national convention; 2)welcome convention attendees to the tampa bay area by sponsoring information booths, receptions and tours of the area; 3)facilitate commerce, such as providing the convention attendees with shopping and entertainment guides and distributing samples and promotional materials; 4)provide administrative expenses incurred by the 2012 tampa bay host committee such as salaries, rent, travel and liability insurance; 5)provide the use of an auditorium or convention center and provide construction and convention-related services for that location, such as: podiums; press tables; false floors; camera platforms; additional seating; lighting; electrical; air conditioning; loudspeaker systems; offices; office equipment and decorations; 6)proide various local transportation services, including buses and automobiles, which will be provided through the tampa bay area's mass transit system and possibly through private donors or purchased form private vendors; 7)provide law enforcement services through an agreement with local municipalities (including, without limitation, the city of tampa, the city of st. Petersburg and the counties of hillsborough and pinellas) to use their law enforcement officers, which are necessary to assure an orderly convention; 8)provide central housing and reservation services for convention attendees; 9)provide hotel rooms at no charge or a reduced rate on the basis of the number of rooms actually booked for the convention; 10)defray the cost of providing accommodations and hospitality for the committees responsible for choosing the sites of conventions; and 11)provide other similar convention-related facilities and services.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 80%; rating input score 80; 17th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -19.1%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 0.1; rating input score 2; 2nd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 99; 99th percentile among comparable filings
• Officer compensation ratio: 1.8%; rating input score 72; 72nd percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 98.6% per year; rating input score 100; 99th percentile among comparable filings
• Asset growth: -90.8% per year; rating input score 0; 0th percentile among comparable filings