LITTLE FALLS CONVENTION & VISITORS BUREA BUREAU (EIN 411952750) - 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

1999

Legal Domicile

Principal Officer

SABRINA KOELSCH

Phone

3206164959

Tax Period

2023-01-01 to 2023-12-31

LITTLE FALLS CONVENTION & VISITORS BUREA BUREAU, founded in 1999, is a small nonprofit that reported $274K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $395K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO INCREASE TOURISM IN LITTLE FALLS, MN, THROUGH THE PROMOTION OF THE COMMUNITY AS A COMPLETE VISITOR EXPERIENCE BY MEANS OF DESTINATION MARKETING AND TOURISM DEVELOPMENT.

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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 $219,680

Program Service Revenue $52,751

Investment Income $1,403

Other Revenue $0

TOTAL REVENUE $273,834

Expense Breakdown

Grants Paid $120,480

Salaries & Benefits $99,921

Fundraising Expenses $0

Program Expenses $274,743

Other Expenses $174,822

TOTAL EXPENSES $395,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,834	$299,197	-0.1%
Expenses	$395,223	$241,995	+0.6%
Net Income	$-121,389	$57,202	-3.1%

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

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

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE WENSMANN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TONY ARMAGOST	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JULIA MUELLER	SECRETARY	0.50	Officer Director	$0	$0	$0
MIKE LATTIMER	TREASURER	0.50	Officer Director	$0	$0	$0
CHRISTINA JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
CASSIE LARKIN	DIRECTOR	0.50	Director	$0	$0	$0
CHUCK ZWILLING	DIRECTOR	0.50	Director	$0	$0	$0
ZACH KOSLOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
SABRINA KOELSCH	EXECUTIVE DIRECTOR	40.00	Director	$50,000	$0	$50,000

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	$273,834	$395,223	No data	$-121,389
2022	$299,197	$241,995	$121,389	$57,202
2021	$247,478	$257,507	$64,187	$-10,029
2020	$181,001	$178,172	$74,216	$2,829
2019	$252,565	$218,332	$71,387	$34,233
2018	$249,039	$236,604	$37,154	$12,435

LITTLE FALLS CONVENTION & VISITORS BUREA BUREAU