STILLWATEROAK PARK HEIGHTS CONVENTION AND VISITORS BUREAU

EIN: 262305245

STILLWATER, MN

Total Revenue
$576,445
Total Expenses
$509,418
Total Assets
$726,643
Net Assets
$642,766
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MN
Principal Officer
CHUCK DOUGHERTY
Phone
6513511717
Tax Period
2024-01-01 to 2024-12-31

STILLWATEROAK PARK HEIGHTS CONVENTION AND VISITORS BUREAU, founded in 2008, is a small nonprofit that reported $576K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $509K left a modest 12% surplus.

Mission

OUR MISSION IS TO PROMOTE THE CITIES OF STILLWATER AND OAK PARK HEIGHTS MINNESOTA AS A DESTINATION POINT FOR TOURISM AND BUINESS GATHERINGS.

Program Service Accomplishments

Program 1
Expenses: $337,678

OUR MISSION IS TO PROMOTE THE CITIES OF STILLWATER AND OAK PARK HEIGHTS MINNESOTA AS A DESTINATION POINT FOR TOURISM AND BUSINESS GATHERINGS. WHY: STILLWATER IS CONSIDERED THE HISTORIC BIRTHPLACE OF...

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OUR MISSION IS TO PROMOTE THE CITIES OF STILLWATER AND OAK PARK HEIGHTS MINNESOTA AS A DESTINATION POINT FOR TOURISM AND BUSINESS GATHERINGS. WHY: STILLWATER IS CONSIDERED THE HISTORIC BIRTHPLACE OF MINNESOTA BECAUSE IN 1848 THE FIRST TERRITORIAL CONVENTION THAT BEGAN THE PROCESS OF ESTABLISHING MINNESOTA AS A STATE WAS HELD ON THE CORNER OF MERTLE AND MAIN STREET DOWNTOWN. STILLWATER IS ALSO ONE OF MINNESOTA'S OLDEST TOWNS, PRECEDING MINNEAPOLIS BY YEARS. AT THE TIME OF INCORPORATION AS A CITY IN 1854, STILLWATER WAS THE LARGEST IN THE STATE. HOW: THROUGH THE FUNDING OF A MINNESOTA LEGISLATURE APPROVED 3% LODGING TAX ON HOTELS AND RESTAURANTS LOCATED WITHIN THE TWO CITY LIMITS, VISITORS GUIDES ARE PRODUCED, MAPS ARE AVAILABLE, A WEB SITE IS MAINTAINED, AND SMALL GRANTS ARE MADE TO LOGAL ACTIVITIES, ALL IN AN EFFORT TO PROMOTE THE STILLWATER AND OAK PARK HEIGHTS AREA. THE ORGANIZATION IS IN CLOSE PARTNERSHIP WITH THE STATE OF MINNESOTA OFFICE OF TOURISM.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $0
Investment Income $16,974
Other Revenue $549,471
TOTAL REVENUE $576,445

Expense Breakdown

Grants Paid $90,250
Salaries & Benefits $148,718
Fundraising Expenses $0
Program Expenses $367,045
Other Expenses $270,450
TOTAL EXPENSES $509,418

Year-over-Year Comparison

2024 2023 Change
Revenue $576,445 $618,251 -0.1%
Expenses $509,418 $451,818 +0.1%
Net Income $67,027 $166,433 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
N/A

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN ANTHONY MEMBER OF BO N/A
Director
$0 $0 $0
JOHN DALY MEMBER OF BO N/A
Director
$0 $0 $0
CHUCK DOUGHERTY TREASURER 1.50
Officer Director
$0 $0 $0
KADY FREY MEMBER OF BO N/A
Director
$0 $0 $0
SARA JESPERSEN PRESIDENT N/A
Officer Director
$0 $0 $0
PAUL KAUFER MEMBER OF BO N/A
Director
$0 $0 $0
LARRY LOYER SECRETARY N/A
Officer Director
$0 $0 $0
HEIDI ROSEBUD VICE PRESIDE 1.50
Officer Director
$0 $0 $0
DICK ZIMMERMAN MEMBER OF BO N/A
Director
$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
2024 $576,445 $509,418 $726,643 $67,027
2023 $618,251 $451,818 $594,904 $166,433
2022 $483,012 $339,562 $410,301 $143,450
2021 $423,058 $348,058 $286,206 $75,000
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