GREATER LAFAYETTE CONVENTION AND VISITORS BUREAU INC

EIN: 351575142

Lafayette, IN

Total Revenue
$1,543,767
Total Expenses
$1,357,169
Total Assets
$1,247,261
Net Assets
$1,245,194
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
IN
Principal Officer
Lisa Morrow
Phone
7654479999
Tax Period
2023-01-01 to 2023-12-31

GREATER LAFAYETTE CONVENTION AND VISITORS BUREAU INC, founded in 1978, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 12% surplus.

Mission

Provide support and promotion of the tourism sector in our community and be a vital driver of the visitor economy. Which then creates a ripple effect that makes our community more vibrant, dynamic, diverse, and a great place to visit, work, play, or belong.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,542,500
Investment Income $1,267
Other Revenue $0
TOTAL REVENUE $1,543,767

Expense Breakdown

Grants Paid $0
Salaries & Benefits $712,093
Fundraising Expenses $0
Program Expenses $0
Other Expenses $645,076
TOTAL EXPENSES $1,357,169

Year-over-Year Comparison

2023 2022 Change
Revenue $1,543,767 $1,163,739 +0.3%
Expenses $1,357,169 $998,111 +0.4%
Net Income $186,598 $165,628 +0.1%
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

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Governance

Voting Members
13
Independent Members
13
Employees
12
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
13
$0
Key Employees
1
$103,322
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joann L Wade President 44.75
Highest
$112,880 $0 $112,880
Lisa Morrow Vice President/COO 42.00
Key Emp
$103,322 $0 $103,322
David Byers Board Chair 0.50
Officer Director
$0 $0 $0
Rebecca Barnes Board Vice Chair 0.5
Officer Director
$0 $0 $0
Nick Bonora Board Treasurer 0.5
Officer Director
$0 $0 $0
Karen Hirsh-Cooper Board Secretary 0.5
Officer Director
$0 $0 $0
David Bathe Board Member 0.5
Director
$0 $0 $0
Rich Ghiselli Board Member 0.5
Director
$0 $0 $0
Rachel Johnson Board Member 0.5
Director
$0 $0 $0
Allen Nail Board Member 0.5
Director
$0 $0 $0
Joe Payne Board Member 0.5
Director
$0 $0 $0
Dave Sattler Board Member 0.5
Director
$0 $0 $0
Kathy Vernon Board Member 0.5
Director
$0 $0 $0
Teresa Witkoske Board Member 0.5
Director
$0 $0 $0
Alicia Dunbar Board Member 0.5
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 $1,543,767 $1,357,169 $1,247,261 $186,598
2022 $1,163,739 $998,111 $1,059,952 $165,628
2021 $761,283 $796,383 $894,628 $-35,100
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