St Louis Park Convention and Visit Bureau DBA Westopolis

EIN: 452782997 Community Improvement

St Louis Park, MN

Total Revenue
$1,221,838
Total Expenses
$1,238,342
Total Assets
$1,077,917
Net Assets
$784,370
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MN
Principal Officer
Becky Bakken
Phone
9524264047
Tax Period
2024-01-01 to 2024-12-31

St Louis Park Convention and Visit Bureau DBA Westopolis, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

We are committed to being a leading destination marketing organization whose mission is to market and promote St. Louis Park and Golden Valley, assuring utilization of our businesses and community assets, exceeding the expectations of all stakeholders through effective initiatives, responsiveness and strong relationships.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,200,740
Investment Income $1,098
Other Revenue $20,000
TOTAL REVENUE $1,221,838

Expense Breakdown

Grants Paid $5,866
Salaries & Benefits $394,460
Fundraising Expenses $0
Program Expenses $1,142,630
Other Expenses $838,016
TOTAL EXPENSES $1,238,342

Year-over-Year Comparison

2024 2023 Change
Revenue $1,221,838 $1,153,562 +0.1%
Expenses $1,238,342 $1,186,316 +0.0%
Net Income $-16,504 $-32,754 -0.5%
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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Governance

Voting Members
9
Independent Members
9
Employees
N/A
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
2
$145,441
Total Directors
15
$145,441
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erika Bennett Board Member 1.00
Director
$0 $0 $0
Brad Bakken Chair 1.00
Officer Director
$0 $0 $0
Amir Berenjian Board Member 1.00
Director
$0 $0 $0
Jatin Setia Board Member Past Chair 1.00
Director
$0 $0 $0
Becky Bakken President & CEO 40.00
Officer Director
$126,457 $18,984 $145,441
Felicia Schaefer Board Member Treasurer 1.00
Director
$0 $0 $0
Keith Broady Board Member 1.00
Director
$0 $0 $0
Lindsay Carter Board Member 1.00
Director
$0 $0 $0
Bill Gleason Chair Elect 1.00
Director
$0 $0 $0
Paige Hawkins Board Member 1.00
Director
$0 $0 $0
Kim Keller Board Member 1.00
Director
$0 $0 $0
Korawan Muangmode Board Member 1.00
Director
$0 $0 $0
Nicole Gebeck Board Member 1.00
Director
$0 $0 $0
Roslyn Harmon Board Member 1.00
Director
$0 $0 $0
Nadia Mohamed Board Member 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 $1,251,323 $1,238,342 $1,107,402 $12,981
2024 $1,221,838 $1,238,342 $1,077,917 $-16,504
2023 $1,153,562 $1,186,316 $1,118,960 $-32,754
2022 $1,102,134 $864,252 $840,292 $237,882
2021 $734,499 $456,570 $598,530 $277,929
2020 $446,021 $625,885 $327,989 $-179,864
2019 $1,232,223 $1,136,761 $540,905 $95,462
2018 $1,172,246 $1,171,724 $472,067 $522
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