LAKE COUNTY VISITORS BUREAU INC

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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

1987

Legal Domicile

Principal Officer

NEIL STEIN

Phone

4409751234

Tax Period

2023-01-01 to 2023-12-31

LAKE COUNTY VISITORS BUREAU INC, founded in 1987, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 37% operating deficit.

Mission

PROMOTE TOURISM IN LAKE COUNTY OHIO.

Program Service Accomplishments

Program 1

Expenses: $721,829

INCREASE OVERNIGHT STAYS IN LAKE COUNTY, OHIO BY PROMOTING TRAVEL AND TOURISM TO THE AREA IN PARTNERSHIP WITHOUT MEMBERS AND STAKEHOLDERS.

Program 2

Expenses: $231,218

PROMOTION OF THE ARTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,077,775

Program Service Revenue $0

Investment Income $2,721

Other Revenue $5,565

TOTAL REVENUE $1,086,061

Expense Breakdown

Grants Paid $317,165

Salaries & Benefits $357,733

Fundraising Expenses $0

Program Expenses $953,047

Other Expenses $810,015

TOTAL EXPENSES $1,484,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,086,061	$1,176,574	-0.1%
Expenses	$1,484,913	$1,144,667	+0.3%
Net Income	$-398,852	$31,907	-13.5%

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

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

$95,819

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL STEIN	EXECUTIVE DI	40.00	Officer	$88,600	$7,219	$95,819
DAWN CAPPELLI	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ROBERT FIALA	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICHARD FIKE	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVE KUHAR	BOARD MEMBER	N/A	Director	$0	$0	$0
BRINT LEARNED	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL RICE	BOARD MEMBER	N/A	Director	$0	$0	$0
DEANNA ROWE	TREASURER	N/A	Director	$0	$0	$0
LORETTA TODD	BOARD MEMBER	N/A	Director	$0	$0	$0
KELLY WEBSTER	SECRETARY	N/A	Officer 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	No data	No data	No data	No data
2023	$1,086,061	$1,484,913	$1,055,024	$-398,852
2022	$1,176,574	$1,144,667	$1,283,970	$31,907
2021	$855,062	$669,875	$1,254,871	$185,187
2020	$816,235	$583,787	$1,060,801	$232,448
2019	$1,138,951	$856,107	$764,305	$282,844
2018	$796,237	$946,067	$583,249	$-149,830