VISIT TOPEKA INC (EIN 320176144) - 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

2007

Legal Domicile

Principal Officer

SEAN DIXON

Phone

7852341030

Tax Period

2024-01-01 to 2024-12-31

VISIT TOPEKA INC, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $1.8M left a modest 11% surplus.

Mission

VISIT TOPEKA INCREASES TOURISM'S ECONOMIC IMPACT ON TOPEKA THROUGH DESTINATION DEVELOPMENT AND BRAND MANAGEMENT. IT IS OUR JOB TO PROMOTE THE CITY OF TOPEKA. EACH YEAR, THOUSANDS OF VISITORS COME TO TOPEKA TO VISIT FRIENDS AND FAMILY, ATTEND A BUSINESS CONVENTION OR ASSOCIATION CONFERENCE, TO PARTICIPATE IN A SPORTING EVENT AND AS PART OF A GROUP MOTOR COACH TOUR. VISIT TOPEKA MARKETS OUR CITY AND ITS ATTRACTIONS TO EACH OF THESE VISITOR SEGMENTS AND WORKS DIRECTLY WITH MEETING AND SPORT EVENT PLANNERS TO BRING NEW BUSINESS TO TOPEKA. WE RELY ON PARTNERSHIPS WITH LOCAL BUSINESSES TO PROVIDE PLANNERS AND VISITORS WITH UP-TO-DATE INFORMATION AND TIMELY CONTENT.

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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 $0

Program Service Revenue $2,036,950

Investment Income $2,667

Other Revenue $32,732

TOTAL REVENUE $2,072,349

Expense Breakdown

Grants Paid $2,781

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,837,179

TOTAL EXPENSES $1,839,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,072,349	$2,188,787	-0.1%
Expenses	$1,839,960	$2,035,271	-0.1%
Net Income	$232,389	$153,516	+0.5%

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

$309,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE WILES	TREASURER (THROUGH 2/29/24)	1.00	Officer Director	$0	$0	$0
JENNIFER OWEN	TREASURER (BEG 3/1/24)	1.00	Officer Director	$0	$0	$0
DENE MOSIER	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
TIM LAURENT	EX-OFFICIO	1.00	Director	$0	$0	$0
SYLVIA ORTIZ	EX-OFFICIO	1.00	Director	$0	$0	$0
COMMISSIONER BILL RIPHAHN	EX-OFFICIO	1.00	Director	$0	$0	$0
KIRK HASKINS	EX-OFFICIO	1.00	Director	$0	$0	$0
CYNTHIA HOLTHAUS	EX-OFFICIO	1.00	Director	$0	$0	$0
DEAN PATEL	EX-OFFICIO	1.00	Director	$0	$0	$0
KELLEN SEITZ	EX-OFFICIO	1.00	Director	$0	$0	$0
FAWN MOSER	EX-OFFICIO	1.00	Director	$0	$0	$0
CARLOS CORTEZ	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
ROB BERGQUIST	CHAIR	1.00	Officer Director	$0	$0	$0
JARED RUDY	BOARD MEMBER	1.00	Director	$0	$0	$0
VAL VANDERSLUIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENT LAMMERS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DEBBIE SCHWARTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN DREWELOW	BOARD MEMBER	1.00	Director	$0	$0	$0
KHUSH PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
LT MANNY MUNOZ	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY BURKHARDT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE STEINBROCK	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKIE BROKKE	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN DIXON	PRESIDENT/DTI PRESIDENT (BEG 8/24/24)	20.00	Officer	$0	$20,092	$185,658
JOSHUA PATTERSON	CFO	6.00	Officer	$0	$34,375	$123,500

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	$2,072,349	$1,839,960	$2,282,692	$232,389
2023	$2,188,787	$2,035,271	$2,372,890	$153,516
2022	$1,982,460	$2,096,814	$1,938,482	$-114,354
2021	$1,659,610	$1,276,615	$1,976,946	$382,995
2020	$1,199,742	$1,100,189	$1,507,406	$99,553
2019	$1,704,538	$1,826,561	$1,550,757	$-122,023
2018	$1,843,523	$1,734,384	$1,669,764	$109,139

VISIT TOPEKA INC