TOWN OF BROOKFIELD CONVENTION AND VISITORS BUREAU INC (EIN 854190251) - 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

2020

Legal Domicile

Principal Officer

CAROL WHITE

Phone

2627861886

Tax Period

2024-01-01 to 2024-12-31

TOWN OF BROOKFIELD CONVENTION AND VISITORS BUREAU INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $268K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $419K exceeded revenue, resulting in a 56% operating deficit.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR PURPOSES WITHIN THE MEANING OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (THE "CODE") SUCH THAT THE PURPOSE AND OBJECTIVE OF THE CORPORATION IS TO ADVANCE THE ECONOMIC WELL- BEING OF BUSINESSES THROUGH PROMOTING AND FOSTERING TOURISM IN THE TOWN OF BROOKFIELD. THE CORPORATION SHALL PROMOTE TOURISM FOR THE ADVANCEMENT OF COMMERCIAL, INDUSTRIAL, PROFESSIONAL, EDUCATIONAL, AND CIVIC INTERESTS OF THE COMMUNITY.

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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 $0

Program Service Revenue $267,896

Investment Income $0

Other Revenue $425

TOTAL REVENUE $268,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $418,740

TOTAL EXPENSES $418,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,321	$208,049	+0.3%
Expenses	$418,740	$181,785	+1.3%
Net Income	$-150,419	$26,264	-6.7%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDY MCGEE	PRESIDENT	0.50	Officer Director	$0	$0	$0
TOM TAUBENHEIM	PRESIDENT EL	0.50	Officer Director	$0	$0	$0
CAROL WHITE	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVE CARTER	TREASURER	0.50	Officer Director	$0	$0	$0
TOM HAGIE	DIRECTOR	0.50	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	$268,321	$418,740	$260,599	$-150,419
2023	$208,049	$181,785	$228,018	$26,264

TOWN OF BROOKFIELD CONVENTION AND VISITORS BUREAU INC