HERITAGE CORRIDOR CONVENTION AND V… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

ROBERT NAVARRO

Phone

8449442282

Tax Period

2024-07-01 to 2025-06-30

HERITAGE CORRIDOR CONVENTION AND VISITORS BUREAU, founded in 1984, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

ENCOURAGING TOURISM IN SERVICE AREA

Program Service Accomplishments

Program 1

Expenses: $2,629,732

ENCOURAGE TOURISM IN WILL, GRUNDY, LASALLE, PUTNAM, LIVINGSTON AND BUREAU COUNTIES ALONG WITH PORTIONS OF COOK COUNTY, ALL IN ILLINOIS, BY PROMOTING EVENTS, TOURIST ATTRACTIONS, AND GROUP TOURS. IT IS THE INTENT THAT THE INCREASE IN THESE PROGRAMS WILL HAVE A DIRECT IMPACT ON THE INCREASE IN OCCUPANCY OF GUEST ROOMS IN COMMERCIAL LODGING FACILITIES. PROMOTE AND INCREASE AWARENESS OF THE ILLINOIS AND MICHIGAN CANAL NATIONAL HERITAGE CORRIDOR.

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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 $2,173,511

Program Service Revenue $1,284,237

Investment Income $131,052

Other Revenue $59,047

TOTAL REVENUE $3,647,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $613,080

Fundraising Expenses $0

Program Expenses $2,629,732

Other Expenses $3,011,625

TOTAL EXPENSES $3,624,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,647,847	$4,526,702	-0.2%
Expenses	$3,624,705	$3,878,285	-0.1%
Net Income	$23,142	$648,417	-1.0%

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

$139,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT NAVARRO	PRESIDENT &	1.00	Officer	$139,580	$0	$139,580
MICHAEL BARR	BOARD	1.00	Director	$0	$0	$0
JILL BERNAL	BOARD	1.00	Director	$0	$0	$0
JASON BERRY	PAST CHAIR	1.00	Director	$0	$0	$0
BEN DIETZ	BOARD	1.00	Director	$0	$0	$0
ABBY FARREL	BOARD	1.00	Director	$0	$0	$0
MICA FREEMAN	VICE CHAIR	1.00	Director	$0	$0	$0
VOTA GEORGETTE	BOARD	1.00	Director	$0	$0	$0
ROBB HASTY	BOARD	1.00	Director	$0	$0	$0
ALICE KRAMPITS	BOARD	1.00	Director	$0	$0	$0
MARY JANE MARINI	BOARD	1.00	Director	$0	$0	$0
PAULINA MARTINEZ	BOARD	1.00	Director	$0	$0	$0
HUGH O'HARA	BOARD	1.00	Director	$0	$0	$0
GREG PEERBOLTE	CHAIR	1.00	Director	$0	$0	$0
JEANNETTE SMITH	BOARD	1.00	Director	$0	$0	$0
LANCE THIES	TREASURER	1.00	Director	$0	$0	$0
CHRISTINA VANYPEREN	BOARD	1.00	Director	$0	$0	$0
JULIE WILKINSON	SECRETARY	1.00	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	$3,647,847	$3,624,705	$3,319,571	$23,142
2024	$4,526,702	$3,878,285	$3,445,533	$648,417
2023	$4,400,648	$4,738,631	$2,088,660	$-337,983
2022	$2,821,729	$2,352,931	$2,322,384	$468,798
2021	$1,715,606	$1,481,569	$1,936,111	$234,037
2020	$2,818,733	$2,428,463	$1,538,790	$390,270
2019	$2,791,673	$2,675,066	$1,213,654	$116,607

HERITAGE CORRIDOR CONVENTION AND VISITORS BUREAU