CHICAGO'S NORTH SHORE CONVENTION AND VISITORS BUREAU (EIN 364449110) - 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

2002

Legal Domicile

Principal Officer

GINA SPECKMAN

Phone

8477630011

Tax Period

2023-07-01 to 2024-06-30

CHICAGO'S NORTH SHORE CONVENTION AND VISITORS BUREAU, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE TOURISM AND BUSINESS DEVELOPMENT IN CHICAGO'S NORTH SHORE COMMUNITIES THROUGH PRINTED MATERIALS AND CONVENTIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,435,730

Program Service Revenue $608,461

Investment Income $2,070

Other Revenue $33,217

TOTAL REVENUE $5,079,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $855,982

Fundraising Expenses $0

Program Expenses $4,760,317

Other Expenses $4,379,123

TOTAL EXPENSES $5,235,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,079,478	$4,057,234	+0.3%
Expenses	$5,235,105	$4,207,954	+0.2%
Net Income	$-155,627	$-150,720	+0.0%

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

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

$228,336

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE ALAIMO	TREASURER	2.00	Director	$0	$0	$0
TERRY ANDERSON	ASSOCIATE BROKER, SENIOR REAL ESTATE	2.00	Director	$0	$0	$0
LEN BECKER	ECONOMIC DEVELOPMENT DIREC	2.00	Director	$0	$0	$0
JEFF BRADY	DIRECTOR OF COMMUNITY DEVELOPMENT	2.00	Director	$0	$0	$0
LYNN CANNON	GENERAL MANAGER	2.00	Director	$0	$0	$0
NOAH CRUICKSHANK	VP, MARKETING AND BUSINESS DEVELOPMENT	2.00	Director	$0	$0	$0
DAVE DAVIS	EX. DIR. NEIGHBORHOOD & COMMUNITY RELATIONS	2.00	Director	$0	$0	$0
CHRIS DUGENSKE	GENERAL MANAGER	2.00	Director	$0	$0	$0
ANDERSON FOOTE	GENERAL MANAGER	2.00	Director	$0	$0	$0
PATRICK DEIGNAN	COMMUNICATIONS AND COMMUNITY ENGAGEMENT DIRECTOR	2.00	Director	$0	$0	$0
GAYLE GLEESPEN	DIRECTOR, MARKETING	2.00	Director	$0	$0	$0
CARA HARDIMAN	SECRETARY	2.00	Director	$0	$0	$0
DAVE JUDY	MANAGER OF MARKETING & COMMUNICATIONS	2.00	Director	$0	$0	$0
MEGHAN KEARNEY	EXECUTIVE DIRECTOR	2.00	Director	$0	$0	$0
DAN KELCH	CHAIRMAN	2.00	Director	$0	$0	$0
JONATHAN MENDEL	DIRECTOR OF DEV. & PLANNING SERVICES	2.00	Director	$0	$0	$0
BRAD MILLER	DIRECTOR OF SALES	2.00	Director	$0	$0	$0
TIM OHRN	GENERAL MANAGER	2.00	Director	$0	$0	$0
CLIFF OSTROWSKI	GENERAL MANAGER	2.00	Director	$0	$0	$0
LETICIA PHOCAS	GENERAL MANAGER	2.00	Director	$0	$0	$0
KATHI QUINN	EXECUTIVE DIRECTOR	2.00	Director	$0	$0	$0
RICHARD SASSO	GENERAL MANAGER	2.00	Director	$0	$0	$0
KAREN SCHULTHEIS	DEPUTY CLERK	2.00	Director	$0	$0	$0
SHANNON TOWNSEND	GENERAL MANAGER	2.00	Director	$0	$0	$0
ANDREW VICK	EXECUTIVE DIRECTOR	2.00	Director	$0	$0	$0
NICHOLAS WYATT	ASSISTANT VILLAGE MANAGER	2.00	Director	$0	$0	$0
PAUL ZALMEZAK	ECONOMIC DEV. MANAGER	2.00	Director	$0	$0	$0
PETER AUSTIN	DIRECTOR	2.00	Director	$0	$0	$0
OUSMAN CONTEH	DIRECTOR	2.00	Director	$0	$0	$0
TENSLEY GARRIS	DIRECTOR	2.00	Director	$0	$0	$0
TONI KINSEL	DIRECTOR	2.00	Director	$0	$0	$0
TONI MENGARELLI	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL PURE	DIRECTOR	2.00	Director	$0	$0	$0
ERIC SMITH	DIRECTOR	2.00	Director	$0	$0	$0
CHAN YU	DIRECTOR	2.00	Director	$0	$0	$0
GINA SPECKMAN	EXECUTIVE DIRECTOR	40.00	Officer	$228,336	$0	$228,336
JOHNNICE CHEW	DIR. OF FINANCE AND ADMINISTRATION	40.00	Highest	$182,038	$0	$182,038
KIMBERLY WRIGHT	DIRECTOR OF SALES	40.00	Highest	$102,888	$0	$102,888

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	No data	No data	No data	No data
2024	$5,079,478	$5,235,105	$2,340,810	$-155,627
2023	$4,057,234	$4,207,954	$1,546,038	$-150,720
2022	$1,673,283	$1,716,228	$763,901	$-42,945
2021	$1,360,708	$1,281,756	$784,099	$78,952
2020	$1,783,066	$1,844,509	$805,831	$-61,443
2019	$1,915,146	$1,934,444	$708,237	$-19,298

CHICAGO'S NORTH SHORE CONVENTION AND VISITORS BUREAU