Albany Convention and Visitors Association

Nonprofit profile at a glance

EIN
931016272
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Albany, OR, USA
Phone
5419280911
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$523,490
Expenses
$503,257
Assets
$328,376
Liabilities
$4,002

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • CONNER MCLAIN (PRESIDENT)
  • RANDY JOSS TERM ENDED 123024 (VICE PRESIDENT)
  • REBECCA BOND (EXECUTIVE DIRECTOR)

Highest reported compensation

  • REBECCA BOND (EXECUTIVE DIRECTOR): $84,763 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the albany convention and visitors association is to grow the economic impact of tourism by fostering local experiences. We engage residents and businesses, showcasing our historic architecture, local cuisine and enticing events and festivals. We work to build a thriving community, creating a destination where everyone is welcomed and immersed in albany's authentic charm.

What it reported doing in 2024

The organization produces the official visitor guide and locator map to help tourists navigate the city. It features local businesses and events on albany's official visitor website, which integrates with google and connects to albanyoregon.gov. It maintains the official calendar of events for albany and surrounding areas to assist visitors in planning their trips. It showcases the city's rich heritage through the "seems like old times" historic district tour and the historic plaques displayed on albany's historic homes. It drives tourism outreach through targeted social media travel campaigns on facebook, instagram, twitter, e-newsletters, and the albany app. It promotes leisure and group travel through strategic advertising campaigns, leveraging partner dollars and collaborative opportunities to maximize impact.

Operating model

Revenue model
Grant-funded. 86% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 41
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.8%; rating input score 62
  • Program expense ratio: 64.4%; rating input score 64
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3.9%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.65; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 16.8%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: -0.9% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 19.3% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 61.8% of revenue deployed · 64.4% of spending went to programs
  • Governance: 9 of 9 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $324K in reported program spending
  • Leadership: top reported pay $85K · 16 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.