Westmont Special Events Corporation

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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

2004

Legal Domicile

Phone

6308299378

Tax Period

2023-01-01 to 2023-12-31

Westmont Special Events Corporation, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $299K in total revenue in fiscal year 2023. The organization ran a surplus of $61K, a strong 21% operating margin.

Mission

To develop, promote and conduct special public events in the Village of Westmont, Illinois.

Program Service Accomplishments

Program 1

Expenses: $132,280 Revenue: $190,248

To develop, promote and conduct Taste of Westmont.

Program 2

Expenses: $7,559 Revenue: $12,690

To develop, promote and conduct Cruisin Nights, Street Fairs and Road Rally.

Program 3

Expenses: $15,272 Revenue: $44,806

To develop, promote and conduct other events..

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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 $51,500

Program Service Revenue $247,744

Investment Income $0

Other Revenue $0

TOTAL REVENUE $299,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,192

Fundraising Expenses $0

Program Expenses $155,111

Other Expenses $181,679

TOTAL EXPENSES $237,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,244	$292,574	+0.0%
Expenses	$237,871	$227,790	+0.0%
Net Income	$61,373	$64,784	-0.1%

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

300

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
Sam Alonzo	Director	004.00	Director	$0	$0	$0
Joanne Farley	Director	004.00	Director	$0	$0	$0
Stephen Golembiewski	President	004.00	Officer	$0	$0	$0
Linda Liddle	Treasurer	004.00	Officer	$0	$0	$0
Larry McIntyre	Secretary	004.00	Officer	$0	$0	$0
Al Carson	Vice President	004.00	Officer	$0	$0	$0
Greg Notbusch	Vice President	004.00	Officer	$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	No data	No data	No data	No data
2023	$299,244	$237,871	$204,901	$61,373
2022	$292,574	$227,790	$143,143	$64,784
2021	$233,143	$201,184	$79,047	$31,959
2020	$23,701	$53,064	$15,007	$-29,363
2019	$253,678	$253,811	$43,717	$-133
2018	$264,139	$278,795	$45,154	$-14,656