GREATER WOODFIELD CONVENTION & VISITOR'S BUREAU INC

EIN: 363262249

SCHAUMBURG, IL

Total Revenue
$3,037,055
Total Expenses
$2,788,174
Total Assets
$1,535,195
Net Assets
$1,203,315
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
IL
Principal Officer
HEATHER LARSON
Phone
8474901010
Tax Period
2024-07-01 to 2025-06-30

GREATER WOODFIELD CONVENTION & VISITOR'S BUREAU INC, founded in 1983, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $2.8M left a modest 8% surplus.

Mission

THE BUREAU WAS FORMED TO MAKE A POSITIVE ECONOMIC IMPACT BY ATTRACTING VISITORS TO THE REGION.

Program Service Accomplishments

Program 1

THE BUREAU WAS FORMED TO PROMOTE THE DEVELOPMENT OF THE ECONOMIC AND BUSINESS ENVIRONMENT OF THE NORTHWEST SUBURBAN AREA OF CHICAGO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,989,708
Program Service Revenue $0
Investment Income $35,839
Other Revenue $11,508
TOTAL REVENUE $3,037,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $924,394
Fundraising Expenses $9,284
Other Expenses $1,863,780
TOTAL EXPENSES $2,788,174

Year-over-Year Comparison

2024 2023 Change
Revenue $3,037,055 $3,550,757 -0.1%
Expenses $2,788,174 $3,457,143 -0.2%
Net Income $248,881 $93,614 +1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
25
Employees
10
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
7
$153,496
Total Directors
26
$153,496
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER LARSON PRESIDENT OF 40.00
Officer Director
$153,496 $0 $153,496
PAMELA HAILEY DIRECTOR 40.00
Highest
$108,336 $0 $108,336
ALYSSA ULLO DIRECTOR 40.00
Highest
$102,509 $0 $102,509
CHRISTINA ANDERSON-HELLER VICE-CHAIR N/A
Officer Director
$0 $0 $0
STEVEN ANDREWS DIRECTOR N/A
Director
$0 $0 $0
CHIP BROOKS DIRECTOR N/A
Director
$0 $0 $0
JODI CURRY DIRECTOR N/A
Director
$0 $0 $0
TOM DAILLY DIRECTOR N/A
Director
$0 $0 $0
MARK DEKHTYAR TREAS EX-OFF N/A
Officer Director
$0 $0 $0
JEFFREY FRANKE DIRECTOR N/A
Director
$0 $0 $0
LISA GREGOR DIRECTOR N/A
Director
$0 $0 $0
MICHAEL JACOBSON DIRECTOR N/A
Director
$0 $0 $0
ANDY-JOHN KALKOUNOS DIRECTOR N/A
Director
$0 $0 $0
KARYN KRASKE DIRECTOR N/A
Director
$0 $0 $0
MICHAEL LARSON CHAIR ELECT N/A
Officer Director
$0 $0 $0
SHIRLANNE LEMM CHAIRMAN OF 1.00
Officer Director
$0 $0 $0
FRANK MADARAS DIRECTOR N/A
Director
$0 $0 $0
JOHN MOOREHEAD VICE CHAIR N/A
Director
$0 $0 $0
SAM PATEL DIRECTOR N/A
Director
$0 $0 $0
RANDY RECKLAUS DIRECTOR N/A
Director
$0 $0 $0
JANETTE ROY DIRECTOR N/A
Director
$0 $0 $0
ROB SABO DIRECTOR N/A
Director
$0 $0 $0
JANELLE SILVA DIRECTOR N/A
Director
$0 $0 $0
CHRIS SPECA DIRECTOR N/A
Director
$0 $0 $0
JEN THANOS DIRECTOR N/A
Director
$0 $0 $0
PRATIK TRIVEDI DIRECTOR N/A
Director
$0 $0 $0
CHUCK VALENTI VICE CHAIR N/A
Officer Director
$0 $0 $0
JERRY VARGHESE VICE-CHAIR 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
2025 $3,037,055 $2,788,174 $1,535,195 $248,881
2024 $3,550,757 $3,457,143 $2,048,335 $93,614
2023 $2,305,954 $2,437,369 $1,544,483 $-131,415
2022 $1,952,981 $1,951,390 $1,144,624 $1,591
2021 $1,179,192 $1,015,442 $1,037,010 $163,750
2020 $1,983,926 $1,832,958 $942,958 $150,968
2019 $2,077,489 $2,103,773 $848,525 $-26,284
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