CHICAGO CONVENTION AND TOURISM BUREAU (EIN 362704879) - 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

1970

Legal Domicile

Principal Officer

JAMES MEYER

Phone

3125678560

Tax Period

2023-01-01 to 2023-12-31

CHICAGO CONVENTION AND TOURISM BUREAU, founded in 1970, is a mid-sized nonprofit that reported $37.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

PROMOTE CHICAGO TO THE DOMESTIC, NATIONAL, AND INTERNATIONAL LEISURE AND BUSINESS TRAVELER.

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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 $36,599,898

Program Service Revenue $387,994

Investment Income $233,168

Other Revenue $105,927

TOTAL REVENUE $37,326,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,779,261

Fundraising Expenses $0

Other Expenses $25,615,411

TOTAL EXPENSES $36,394,672

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,326,987	$32,848,040	+0.1%
Expenses	$36,394,672	$29,263,950	+0.2%
Net Income	$932,315	$3,584,090	-0.7%

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

200

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

$856,517

Total Directors

Key Employees

$1,867,930

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOREEN BURSE	DIRECTOR THRU JUNE 30 ,2024	0.00	Director	$0	$0	$0
JASON ERIVN	DIRECTOR THRU JUNE 30 ,2024	0.00	Director	$0	$0	$0
KENNETH MEYER	DIRECTOR THRU JUNE 30 ,2024	0.00	Director	$0	$0	$0
PATRICK KELLY	DIRECTOR THRU JUNE 30 ,2024	0.00	Director	$0	$0	$0
RICH ASHLIN	DIRECTOR THRU JUNE 30 ,2024	0.00	Director	$0	$0	$0
JEFF BETHKE	DIRECTOR	0.00	Director	$0	$0	$0
JAY BLUNK	DIRECTOR	0.00	Director	$0	$0	$0
WALTER JR BURNETT	DIRECTOR	0.00	Director	$0	$0	$0
LARITA CLARK	DIRECTOR	0.00	Director	$0	$0	$0
CATHERINE DE ORIO	DIRECTOR	0.00	Director	$0	$0	$0
LISA DUARTE	DIRECTOR	0.00	Director	$0	$0	$0
GLENN EDEN	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL FASSNACHT	DIRECTOR	0.00	Director	$0	$0	$0
DON FINN	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD GAMBLE	DIRECTOR	0.00	Director	$0	$0	$0
SYLVIA GARCIA	DIRECTOR	0.00	Director	$0	$0	$0
MARILYNN GARDNER	DIRECTOR	0.00	Director	$0	$0	$0
BILLY GLUNZ	DIRECTOR	0.00	Director	$0	$0	$0
NINA GRONDIN	DIRECTOR	0.00	Director	$0	$0	$0
ERIN HARKEY	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK HATTON	DIRECTOR	0.00	Director	$0	$0	$0
CHEVY HUMPHREY	DIRECTOR	0.00	Director	$0	$0	$0
AYESHA JACO	DIRECTOR	0.00	Director	$0	$0	$0
DAVE JACOBS	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL JACOBSON	DIRECTOR	0.00	Director	$0	$0	$0
ARTHUR JOHNSTON	DIRECTOR	0.00	Director	$0	$0	$0
BARBARA LAKEN	DIRECTOR	0.00	Director	$0	$0	$0
RICH LEVIN	DIRECTOR	0.00	Director	$0	$0	$0
LIZ LOMBARDO STARK	DIRECTOR	0.00	Director	$0	$0	$0
JERRY MICKELSON	DIRECTOR	0.00	Director	$0	$0	$0
GARY PERINAR	DIRECTOR	0.00	Director	$0	$0	$0
MARIA RAZUMICH-ZEC	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT REITER	DIRECTOR	0.00	Director	$0	$0	$0
JAMIE RHEE	DIRECTOR	0.00	Director	$0	$0	$0
EVE RODRIGUEZ MONTOYA	DIRECTOR	0.00	Director	$0	$0	$0
JAMES RONDEAU	DIRECTOR	0.00	Director	$0	$0	$0
MEG SAHS	DIRECTOR	0.00	Director	$0	$0	$0
MYRNA SALAZAR	DIRECTOR	0.00	Director	$0	$0	$0
JUAN SALGADO	DIRECTOR	0.00	Director	$0	$0	$0
MANNY SANCHEZ	DIRECTOR	0.00	Director	$0	$0	$0
REBECCA SHI	DIRECTOR	0.00	Director	$0	$0	$0
ALEXANDRA SIMS	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL STRAUTMANIS	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTIE TARANTINO-DEAN	DIRECTOR	0.00	Director	$0	$0	$0
CHERRYL THOMAS	DIRECTOR	0.00	Director	$0	$0	$0
SAM TOIA	DIRECTOR	0.00	Director	$0	$0	$0
JOHN WELLS	DIRECTOR	0.00	Director	$0	$0	$0
NYKIA WRIGHT	DIRECTOR	0.00	Director	$0	$0	$0
BETSY ZIEGLER	DIRECTOR	0.00	Director	$0	$0	$0
LYNN OSMOND	PRESIDENT AND CEO	40.00	Officer	$536,165	$43,854	$580,019
MEYER W JAMES	CFO	40.00	Officer	$250,894	$25,604	$276,498
DUSTIN ARNHEIM	SVP SALES AND SERVICES	40.00	Key Emp	$324,900	$42,022	$366,922
DAWN YOUNG	VP SALES THRU JUNE 16, 2023	40.00	Key Emp	$249,743	$0	$249,743
KARA BACHMAN	EXEC DIRECTOR CHICAGO SPORTS COMMISSION	40.00	Key Emp	$228,434	$12,836	$241,270
ROSE HORCHER	VP CLIENT SERVICES	40.00	Key Emp	$229,473	$9,991	$239,464
MICHELLE REVUELTA	VP MEDIA RELATIONS	40.00	Key Emp	$246,340	$13,386	$259,726
ERIC KINCAID	VP SALES	40.00	Key Emp	$256,431	$10,749	$267,180
CAHAL MOWERY	VP SALES FROM JANUARY 2023	40.00	Key Emp	$223,837	$19,788	$243,625
LORI ADELSICK	VP SPECIAL EVENTS	40.00	Highest	$198,600	$24,036	$222,636
ROBERT FOJTIK	VP NEIGHBORHOOD STRATEGIES	40.00	Highest	$190,000	$15,119	$205,119
TAMERA JONES	SENIOR DIRECTOR CONVENTION SALES	40.00	Highest	$230,663	$12,916	$243,579
NAOMI HATTORI	VP GLOBAL DEVELOPMENT	40.00	Highest	$195,700	$22,231	$217,931

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	$37,326,987	$36,394,672	$24,151,653	$932,315
2022	$32,848,040	$29,263,950	$17,827,996	$3,584,090
2021	$19,015,508	$20,181,386	$13,640,210	$-1,165,878
2020	$21,478,473	$22,658,711	$10,012,402	$-1,180,238
2019	$32,617,112	$33,746,132	$14,490,038	$-1,129,020
2018	$34,563,806	$38,573,638	$14,186,963	$-4,009,832

CHICAGO CONVENTION AND TOURISM BUREAU