RACINE COUNTY CONVENTION & VISITOR… - 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

1983

Legal Domicile

Principal Officer

CARI GREVING

Phone

2628846400

Tax Period

2024-01-01 to 2024-12-31

RACINE COUNTY CONVENTION & VISITORS BUREAU, founded in 1983, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $448K, a strong 44% operating margin.

Mission

TOURISM, PROMOTION, AND DEVELOPMENT FOR RACINE COUNTY, WISCONSIN

Program Service Accomplishments

Program 1

To promote and advocate for the development of Racine County as an attractive visitor destination to enhance the local economy. To create and implement effective marketing campaigns to showcase...

To promote and advocate for the development of Racine County as an attractive visitor destination to enhance the local economy. To create and implement effective marketing campaigns to showcase Racine County communities, attractions, and events in an attempt to encourage visitors to travel to Racine County for either a day trip or overnight. In 2024, Racine County?s total economic impact for tourism was $555 million, with 3700 jobs in the hospitality sector, and $30.1 million in local taxes collected.

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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 $506,500

Program Service Revenue $485,059

Investment Income $9,850

Other Revenue $6,210

TOTAL REVENUE $1,007,619

Expense Breakdown

Grants Paid $19,350

Salaries & Benefits $255,512

Fundraising Expenses $0

Other Expenses $285,252

TOTAL EXPENSES $560,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,007,619	$435,825	+1.3%
Expenses	$560,114	$838,406	-0.3%
Net Income	$447,505	$-402,581	-2.1%

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

$85,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARI GREVING	Executive Dir.	40.00	Officer	$85,600	$0	$85,600
KRISTIN BEGLINGER	Chairman	1.00	Officer Director	$0	$0	$0
BECKY JACKSON	Vice President	1.00	Officer Director	$0	$0	$0
KEVIN PLAZAK	Treasurer	1.00	Officer Director	$0	$0	$0
TAMMIE BEGOTKA	Director	1.00	Director	$0	$0	$0
BRIDGET BENDER	Director	1.00	Director	$0	$0	$0
RACHEL COMANDE	Director	1.00	Director	$0	$0	$0
TIM MASON	Director	1.00	Director	$0	$0	$0
FRAN MARTIN	Director	1.00	Director	$0	$0	$0
CASEY MORGENSON	Director	1.00	Director	$0	$0	$0
DOUG NELSON	Director	1.00	Director	$0	$0	$0
ALYSA ROBBINS	Director	1.00	Director	$0	$0	$0
ROXANNE SCHUEBEL	Director	1.00	Director	$0	$0	$0
JIM SULLIVAN	Director	1.00	Director	$0	$0	$0
JEFF TOWNE	Secretary	1.00	Director	$0	$0	$0
JENNY TRICK	Director	1.00	Director	$0	$0	$0
PROCHASKA MATT	Director	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
2024	$1,007,619	$560,114	$1,731,642	$447,505
2023	$435,825	$838,406	$1,293,195	$-402,581
2023	$440,903	$840,367	$1,297,140	$-399,464
2022	$1,019,404	$649,190	$1,705,728	$370,214
2022	$1,013,743	$646,831	$1,695,191	$366,912
2021	$591,910	$721,946	$1,322,026	$-130,036
2020	$1,181,506	$1,113,612	$1,749,918	$67,894
2019	$1,296,980	$1,236,888	$1,452,307	$60,092
2018	$1,265,201	$1,229,756	$1,401,398	$35,445

RACINE COUNTY CONVENTION & VISITORS BUREAU