HURON CHAMBER & VISITORS BUREAU

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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

1939

Legal Domicile

Principal Officer

LAURIE SHELTON

Phone

6053520000

Tax Period

2024-01-01 to 2024-12-31

HURON CHAMBER & VISITORS BUREAU, founded in 1939, is a small nonprofit in the Unknown sector that reported $843K in total revenue in fiscal year 2024.

Mission

SERVING MEMBERS BY STRENGTHENING BUSINESS, SUPPORTING VISITORS AND ENHANCING COMMUNITY.

Program Service Accomplishments

Program 1

EXPENDITURES RELATING TO PROMOTION OF THE AREA AND BUSINESS INTERESTS OF THE COMMUNITY INCLUDING TOURISM ADVERTISING, RETAIL PROMOTIONS, ADVERTISING & COMMUNITY PUBLIC RELATIONS

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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 $255,000

Program Service Revenue $586,258

Investment Income $1,374

Other Revenue $0

TOTAL REVENUE $842,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,466

Fundraising Expenses $0

Other Expenses $513,239

TOTAL EXPENSES $817,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$842,632	$825,700	+0.0%
Expenses	$817,705	$964,784	-0.2%
Net Income	$24,927	$-139,084	-1.2%

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

303

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

$90,609

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE SHELTON	PRESIDENT &	40.00	Officer	$81,544	$9,065	$90,609
RAY CARDONA	DIRECTOR	1.00	Director	$0	$0	$0
MATI FELDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HABER	TREASURER	1.00	Officer Director	$0	$0	$0
SHAWN HARVEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JULIE HOFFMANN	DIRECTOR	1.00	Director	$0	$0	$0
QUINT HOFTER	DIRECTOR	1.00	Director	$0	$0	$0
LEO JENSON	DIRECTOR	1.00	Director	$0	$0	$0
LEANN KOPFMANN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG LEE	CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS PERSON	DIRECTOR	1.00	Director	$0	$0	$0
RICK SABERS	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA SPRECHER	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	$842,632	$817,705	$452,323	$24,927
2023	$825,700	$964,784	$430,966	$-139,084
2022	$771,237	$790,569	$664,462	$-19,332
2021	$871,149	$697,881	$599,567	$173,268
2020	$590,093	$571,420	$415,481	$18,673
2019	$753,502	$722,350	$396,565	$31,152
2018	$731,901	$741,008	$405,172	$-9,107