QUAD CITIES CONVENTION & VISITORS BUREAU

EIN: 363355709

MOLINE, IL

Total Revenue
$2,352,777
Total Expenses
$2,318,533
Total Assets
$1,397,075
Net Assets
$842,666
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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
1985
Legal Domicile
IL
Principal Officer
DAVE HERRELL
Phone
3097366820
Tax Period
2024-07-01 to 2025-06-30

QUAD CITIES CONVENTION & VISITORS BUREAU, founded in 1985, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024.

Mission

QUAD CITIES CONVENTION AND VISITORS BUREAU D/B/A VISIT QUAD CITIES ENHANCES THE REGION'S QUALITY OF LIFE AND CREATES ECONOMIC DEVELOPMENT OPPORTUNITIES THROUGH TOURISM AND INSPIRE AND BUILD OUR MISSISSIPPI RIVER REGIONAL DESTINATION.

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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 $2,250,525
Program Service Revenue $73,468
Investment Income $4,399
Other Revenue $24,385
TOTAL REVENUE $2,352,777

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,115,797
Fundraising Expenses $0
Other Expenses $1,202,736
TOTAL EXPENSES $2,318,533

Year-over-Year Comparison

2024 2023 Change
Revenue $2,352,777 $2,358,714 0.0%
Expenses $2,318,533 $2,422,524 0.0%
Net Income $34,244 $-63,810 -1.5%
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

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Governance

Voting Members
19
Independent Members
19
Employees
23
Volunteers
50

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
6
$209,439
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE HERRELL PRESIDENT & 40.00
Officer
$185,624 $23,815 $209,439
NANCY BALLENGER BOARD MEMBER 1.00
Director
$0 $0 $0
NEIL DAHLSTROM 2ND VICE CHA 1.00
Officer Director
$0 $0 $0
REGGIE FREEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MAYOR BOB GALLAGHER BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE GEIFMAN BOARD MEMBER 1.00
Director
$0 $0 $0
TODD HAJDUK BOARD MEMBER 1.00
Director
$0 $0 $0
MO HYDER TREASURER 1.00
Officer Director
$0 $0 $0
TRAVIS HANKINS BOARD MEMBER 1.00
Director
$0 $0 $0
BEN LEISCHNER FORMER CHAIR 1.00
Officer Director
$0 $0 $0
MAYOR MIKE MATSON BOARD MEMBER 1.00
Director
$0 $0 $0
LEE MEIER BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN MAXWELL BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA ONTIVEROS CHAIR 1.00
Officer Director
$0 $0 $0
MAYOR SANGEETHA RAYAPATI BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER SAUTTER 1ST VICE CHA 1.00
Officer Director
$0 $0 $0
KAI SWANSON BOARD MEMBER 1.00
Director
$0 $0 $0
MAYOR MIKE THOMS BOARD MEMBER 1.00
Director
$0 $0 $0
ALLISON WRIGHT BOARD MEMBER 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 $2,352,777 $2,318,533 $1,397,075 $34,244
2024 $2,358,714 $2,422,524 $1,409,079 $-63,810
2023 $1,965,589 $2,063,029 $1,556,395 $-97,440
2022 $1,881,191 $1,807,148 $1,224,639 $74,043
2021 $1,296,452 $1,614,462 $1,266,065 $-318,010
2020 $1,566,696 $1,811,811 $1,528,680 $-245,115
2019 $1,753,325 $1,640,194 $1,575,719 $113,131
2018 $1,519,032 $1,498,797 $1,547,778 $20,235
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