LAGRANGE COUNTY CONVENTION AND VISITORS BUREAU INC (EIN 351940594) - 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

1994

Legal Domicile

Principal Officer

LORA GATES

Phone

2607684008

Tax Period

2024-01-01 to 2024-12-31

LAGRANGE COUNTY CONVENTION AND VISITORS BUREAU INC, founded in 1994, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.4M left a modest 3% surplus.

Mission

THE LAGRANGE COUNTY CONVENTION AND VISITORS BUREAU IS A NONPROFIT ORGANIZATION ENTRUSTED WITH THE MISSION OF PROMOTING LAGRANGE COUNTY AND SURROUNDING AREAS AS A DESTINATION FOR TOURISM, CONVENTIONS, AND RELATED RECREATION TO GROUPS AND INDIVIDUALS.

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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 $1,185,000

Program Service Revenue $149,568

Investment Income $29,623

Other Revenue $29,497

TOTAL REVENUE $1,393,688

Expense Breakdown

Grants Paid $56,597

Salaries & Benefits $392,762

Fundraising Expenses $0

Other Expenses $902,342

TOTAL EXPENSES $1,351,701

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,393,688	$1,496,539	-0.1%
Expenses	$1,351,701	$1,094,834	+0.2%
Net Income	$41,987	$401,705	-0.9%

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

$97,374

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONYA NASH	EXECUTIVE DI	45.00	Officer	$94,538	$2,836	$97,374
LORA GATES	PRESIDENT	3.00	Officer Director	$0	$0	$0
JAY CHUPP	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
NATE JONES	TREASURER	3.00	Officer Director	$0	$0	$0
JOEL MILLER	DIRECTOR	0.25	Director	$0	$0	$0
ZAC STOLTZFUS	DIRECTOR	0.50	Director	$0	$0	$0
MARILYN WINGSTROM	DIRECTOR	0.50	Director	$0	$0	$0
ANDY LINDER	DIRECTOR	0.50	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	$1,393,688	$1,351,701	$1,187,953	$41,987
2023	$1,496,539	$1,094,834	$1,151,294	$401,705
2022	$829,424	$720,926	$760,757	$108,498
2021	$818,358	$631,918	$643,908	$186,440
2020	$644,143	$531,218	$453,002	$112,925
2019	$794,353	$702,263	$340,284	$92,090
2018	$626,918	$591,282	$246,903	$35,636

LAGRANGE COUNTY CONVENTION AND VISITORS BUREAU INC