VISIT BELOIT INC (EIN 843531670) - 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

2019

Legal Domicile

Principal Officer

CELESTINO RUFFINI

Phone

6083654838

Tax Period

2024-01-01 to 2024-12-31

VISIT BELOIT INC, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 49% operating deficit.

Mission

TO LEAD AND COORDINATE THE DEVELOPMENT, SALES, MARKETING, AND MANAGEMENT OF THE TOURISM INDUSTRY IN THE GREATER BELOIT REGION AND TO CREATE POSITIVE ECONOMIC IMPACT, THUS ENHANCING THE QUALITY OF LIFE FOR AREA RESIDENTS AND QUALITY OF PLACE FOR VISITORS.

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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 $100,278

Program Service Revenue $1,135,238

Investment Income $11,960

Other Revenue $29,534

TOTAL REVENUE $1,277,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $473,593

Fundraising Expenses $0

Program Expenses $1,767,417

Other Expenses $1,429,765

TOTAL EXPENSES $1,903,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,277,010	$1,262,022	+0.0%
Expenses	$1,903,358	$1,156,354	+0.6%
Net Income	$-626,348	$105,668	-6.9%

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

$103,111

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELESTINO RUFFINI	CEO	40.00	Officer	$92,540	$10,571	$103,111
GLORIA BRADLEY	DIRECTOR	0.00	Director	$0	$0	$0
MARTY DENSCH	DIRECTOR	0.00	Director	$0	$0	$0
PATRICIA DIDUCH	DIRECTOR	0.00	Director	$0	$0	$0
REGINA DUNKIN	DIRECTOR	N/A	Director	$0	$0	$0
JERRY GABRIELATOS	DIRECTOR	0.00	Director	$0	$0	$0
SONYA HOPPES	DIRECTOR	0.00	Director	$0	$0	$0
JACKIE JACKSON	DIRECTOR	0.00	Director	$0	$0	$0
DREW PENNINGTON	DIRECTOR	0.00	Director	$0	$0	$0
JESSE SEYKORA	DIRECTOR	0.00	Director	$0	$0	$0
JAN SMITH	DIRECTOR	0.00	Director	$0	$0	$0
AIMEE THURNER	DIRECTOR	0.00	Director	$0	$0	$0
JEFF VOHS	SECRETARY	0.00	Officer Director	$0	$0	$0
SPENCER WAITE	CHAIR	0.00	Officer Director	$0	$0	$0
ROY WARD	VICE CHAIR	0.00	Officer Director	$0	$0	$0
JONATHAN WEBSTER	TREASURER	0.00	Officer Director	$0	$0	$0
MARIA ELENA WHITE	DIRECTOR	0.00	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	$1,277,010	$1,903,358	$1,415,103	$-626,348
2023	$1,262,022	$1,156,354	$1,312,827	$105,668
2022	$1,438,011	$1,092,119	$1,248,407	$345,892
2021	$1,062,612	$727,903	$992,430	$334,709

VISIT BELOIT INC