McHENRY COUNTY CONVENTION AND VISITORS BUREAU (EIN 141934076) - 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

2005

Legal Domicile

Phone

8478936280

Tax Period

2024-07-01 to 2025-06-30

McHENRY COUNTY CONVENTION AND VISITORS BUREAU, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $577K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

To create economic growth for and to develop and promote McHenry County by effectively marketing the region as a preferred convention and visitors destination as well as enhancing the visitor's experience

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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 $569,202

Program Service Revenue $0

Investment Income $3,890

Other Revenue $3,914

TOTAL REVENUE $577,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,434

Fundraising Expenses $122,141

Program Expenses $608,460

Other Expenses $333,026

TOTAL EXPENSES $608,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$577,006	$635,204	-0.1%
Expenses	$608,460	$623,151	0.0%
Net Income	$-31,454	$12,053	-3.6%

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

$100,221

Total Directors

$100,221

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAKI BERGGREN	President	40.00	Officer Director	$100,221	$0	$100,221
HEATHER ARNOLD	Marketing Mgr	1.00	Officer Director	$0	$0	$0
TRACIE VON BERGEN	Board Liason	1.00	Officer Director	$0	$0	$0
SCOTT HARTMANN	Treasurer	1.00	Officer Director	$0	$0	$0
PETER WISNIEWSKI	Vice Chairman	1.00	Officer Director	$0	$0	$0
ERIN Mc ELROY	Director	1.00	Director	$0	$0	$0
BILL HOBSON	Director	1.00	Director	$0	$0	$0
FRANCISCA HEADRICK	Director	1.00	Director	$0	$0	$0
ELIZABETH KESSLER	Chairman	1.00	Officer Director	$0	$0	$0
HEATHER MAIERITSCH	Secretary	1.00	Officer Director	$0	$0	$0
WENDY RICHARDSON	Director	1.00	Director	$0	$0	$0
ERIC MORIMOTO	Vice Chair	1.00	Officer Director	$0	$0	$0
STEVE SKURSKI	Director	1.00	Director	$0	$0	$0
Jo Atkinson	Director	1.00	Director	$0	$0	$0
Krista Coltrin	Director	1.00	Director	$0	$0	$0
Meredith Flowers	Director	1.00	Director	$0	$0	$0
Patrick Knapp	Director	1.00	Director	$0	$0	$0
Mark Piekos	Director	1.00	Director	$0	$0	$0
Jaki Berggren	Executive Director	40.00		$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	$577,006	$608,460	$234,927	$-31,454
2024	$635,204	$623,151	$212,106	$12,053
2023	$571,538	$502,558	$300,053	$68,980
2022	$491,836	$531,996	$232,073	$-40,160
2021	$321,388	$351,420	$272,233	$-30,032
2020	$455,163	$411,136	$302,265	$44,027
2019	$464,230	$445,294	$259,088	$18,936
2018	$390,389	$391,992	$240,600	$-1,603

McHENRY COUNTY CONVENTION AND VISITORS BUREAU