MANITOWOC VISITOR & CONVENTION BUREAU INC (EIN 391758720) - 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

1993

Legal Domicile

Principal Officer

JIM VAN LANEN JR

Phone

9206863070

Tax Period

2023-01-01 to 2023-12-31

MANITOWOC VISITOR & CONVENTION BUREAU INC, founded in 1993, is a micro nonprofit that reported $19K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $339K exceeded revenue, resulting in a 1688% operating deficit.

Mission

TO PROMOTE TOURISM IN THE MANITOWOC/TWO RIVERS AREA.

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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 $100

Program Service Revenue $22,510

Investment Income $-4,298

Other Revenue $638

TOTAL REVENUE $18,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,317

Fundraising Expenses $0

Other Expenses $274,568

TOTAL EXPENSES $338,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,950	$354,681	-0.9%
Expenses	$338,885	$409,960	-0.2%
Net Income	$-319,935	$-55,279	+4.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICH LARSEN	DIRECTOR	0.50	Director	$0	$0	$0
JIM VAN LANEN JR	TREASURER	1.00	Officer Director	$0	$0	$0
AMY MEYER	CHAIR	0.50	Officer Director	$0	$0	$0
JOHN BRUNER	PRESIDENT	0.50	Officer Director	$0	$0	$0
MARK BITTNER	DIRECTOR	0.50	Director	$0	$0	$0
SHOOTER LOCH	DIRECTOR	0.50	Director	$0	$0	$0
SAMANTHA HAMMEL	SECRETARY	0.50	Director	$0	$0	$0
GARY STOLP	VICE CHAIR	0.50	Officer Director	$0	$0	$0
PATTY LEHN	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN CRAWFORD	DIRECTOR	0.50	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
2023	$18,950	$338,885	$186,296	$-319,935
2022	$354,681	$409,960	$510,142	$-55,279
2021	$699,627	$506,495	$576,650	$193,132
2020	$516,877	$515,755	$379,734	$1,122
2019	$491,557	$513,034	$401,322	$-21,477
2018	$451,714	$486,733	$402,544	$-35,019

MANITOWOC VISITOR & CONVENTION BUREAU INC