Is Keokuk Area Convention Center & Tourism Bureau Foundation Legit?

The Keokuk Area Convention Center & Tourism Bureau Foundation demonstrates a generally stable financial position, with assets growing from $31,586 in 2013 to $196,851 currently. Revenue has fluctuated significantly over the years, peaking at $172,807 in 2019 and showing a recent high of $467,865. The organization consistently reports zero liabilities in most recent filings, indicating a healthy balance sheet and low financial risk. Their consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership or that compensation is covered by a related entity, which enhances their transparency regarding executive pay. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent positive net income in recent years (e.g., $40,545 revenue vs. $21,953 expenses in 2022) indicates that the organization is operating within its means and building reserves. The significant increase in current revenue to $467,865 compared to recent years' expenses suggests a strong financial year, potentially allowing for increased program investment or further asset growth. The lack of reported liabilities is a strong indicator of sound financial management. Overall, the foundation appears to be financially healthy and transparent regarding its executive compensation. To further enhance transparency and allow for a more precise assessment of spending efficiency, a detailed breakdown of expenses into program, administrative, and fundraising categories would be beneficial. The consistent growth in assets and the absence of liabilities are positive indicators of long-term sustainability.