GREATER WOODFIELD CONVENTION & VISITOR'S BUREAU INC (EIN 363262249) - 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

1983

Legal Domicile

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 $2.1M in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE DEVELOPMENT OF THE 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%)

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

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

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

$153,496

Total Directors

$153,496

Key Employees

Highest Compensated

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

GREATER WOODFIELD CONVENTION & VISITOR'S BUREAU INC