FAIRFIELD IOWA CONVENTION AND VISITORS BUREAU

EIN: 352304203 Community Improvement

FAIRFIELD, IA

Total Revenue
$190,150
Total Expenses
$191,396
Total Assets
$73,437
Net Assets
$63,436
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IA
Principal Officer
RUSTIN LIPPINCOTT LEFT 31820
Phone
6414722828
Tax Period
2018-07-01 to 2019-06-30

FAIRFIELD IOWA CONVENTION AND VISITORS BUREAU, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $190K in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO ATTRACT VISITORS, DRIVE ECONOMIC GROWTH THROUGH TOURISM, AND ESTABLISH FAIRFIELD AND JEFFERSON COUNTY AS A WELCOMING AND UNIQUE TRAVEL DESTINATION.

Program Service Accomplishments

Program 1

SPECIAL PROJECTS ARE COMPLETED WITHIN THE FAIRFIELD COMMUNITY TO ENCOURAGE COMMUNITY INVOLVEMENT AND ACTIVITY.

Program 2

GRANTS ARE AWARDED TO VARIOUS INDIVIDUALS AND ORGANIZATIONS WITH THE PURPOSE OF HELPING THEM PROMOTE AND ADVANCE COMMUNITY PROGRAMS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $189,203
Program Service Revenue $0
Investment Income $562
Other Revenue $385
TOTAL REVENUE $190,150

Expense Breakdown

Grants Paid $16,131
Salaries & Benefits $86,273
Fundraising Expenses $0
Other Expenses $88,992
TOTAL EXPENSES $191,396

Year-over-Year Comparison

2018 2017 Change
Revenue $190,150 $175,432 +0.1%
Expenses $191,396 $197,222 0.0%
Net Income $-1,246 $-21,790 -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

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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
8
Independent Members
8
Employees
2
Volunteers
13

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
3
$86,508
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERRY KLUENDER LEFT 92018 BOARD MEMBER 0.50
Director
$0 $0 $0
JOE STEVER BOARD MEMBER 0.50
Director
$0 $0 $0
JOSIE HANNES BOARD MEMBER 0.50
Director
$0 $0 $0
MARG DWYER BOARD MEMBER 0.50
Director
$0 $0 $0
LARRY THOMPSON LEFT 52019 BOARD MEMBER 0.50
Director
$0 $0 $0
TAMMY DUNBAR BOARD MEMBER 0.50
Director
$0 $0 $0
BOB MOORE BOARD MEMBER 0.50
Director
$0 $0 $0
BRIAN REID PRESIDENT 0.50
Officer Director
$0 $0 $0
ALISSA WARD BOARD MEMBER 0.50
Director
$0 $0 $0
KARA WAUGH JOINED 42019 BOARD MEMBER 0.50
Director
$0 $0 $0
TERRY BAKER ASSISTANT DI 40.00
Officer
$50,652 $0 $50,652
RUSTIN LIPPINCOTT LEFT 31820 EXECUTIVE DI 10.00
Officer
$34,928 $928 $35,856
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
2025 No data No data No data No data
2019 $190,150 $191,396 $73,437 $-1,246
2018 $175,432 $197,222 $74,307 $-21,790
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