LISLE CONVENTION & VISITORS BUREAU… - 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

1991

Legal Domicile

Principal Officer

DIANE HOMOLKA

Phone

6307691000

Tax Period

2018-05-01 to 2019-04-30

LISLE CONVENTION & VISITORS BUREAU INC, founded in 1991, is a small nonprofit that reported $440K in total revenue in fiscal year 2018. Expenses of $495K exceeded revenue, resulting in a 13% operating deficit.

Mission

LISLE PROMISES EXTRAORDINARY EXPERIENCES, NO MATTER YOUR TASTES OR INTERESTS - EXCEPTIONAL SHOPPING AND DINING OPTIONS, ENRICHING CULTURAL ACTIVITIES AND NATURE-BASED OUTINGS, JUST 25 MILES FROM CHICAGO AND O'HARE AND MIDWAY AIRPORTS.

Program Service Accomplishments

Program 1

THE BUREAU WAS DEVELOPED TO PROMOTE TOURISM AND CONVENTIONS WITHIN THEVILLAGE OF LISLE, ILLINOIS AND TO ATTRACT NONRESIDENT OVERNIGHTVISITORS TO THE VILLAGE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $438,851

Investment Income $1,182

Other Revenue $0

TOTAL REVENUE $440,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,416

Fundraising Expenses $0

Other Expenses $246,064

TOTAL EXPENSES $495,480

Year-over-Year Comparison

	2018	2017	Change
Revenue	$440,033	$458,030	0.0%
Expenses	$495,480	$457,970	+0.1%
Net Income	$-55,447	$60	-925.1%

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

$94,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE SZUDARSKI	DIRECTOR	2.00	Director	$0	$0	$0
LESLEY POWERS	SECRETARY	2.00	Officer Director	$0	$0	$0
RANDY RUSSELL	TREASURER	2.00	Officer Director	$0	$0	$0
ALICIA LAVIRE	DIRECTOR	2.00	Director	$0	$0	$0
ROB SALERNO	DIRECTOR	2.00	Director	$0	$0	$0
PAULA GLEASON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TONY CARBALLO	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK RUFFOLO	DIRECTOR	2.00	Officer Director	$0	$0	$0
AJAY GUPTA	DIRECTOR	2.00	Director	$0	$0	$0
DAN GARVY	DIRECTOR	2.00	Director	$0	$0	$0
DIANE HOMOLKA	PRESIDENT	40.00	Officer	$92,583	$2,315	$94,898

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
2019	$440,033	$495,480	$681,256	$-55,447

LISLE CONVENTION & VISITORS BUREAU INC