Mchenry County Convention And Visitors Bureau

Mchenry County Convention And Visitors Bureau maintains stable finances with no reported officer compensation.

EIN: 141934076 · Woodstock, IL · NTEE: S41 · Updated: 2026-03-28

$577KRevenue

$235KAssets

80/100Mission Score (Excellent)

S41

About Mchenry County Convention And Visitors Bureau

Mchenry County Convention And Visitors Bureau (EIN: 141934076) is a nonprofit organization based in Woodstock, IL, classified under NTEE code S41. The organization reported total revenue of $577K and total assets of $235K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mchenry County Convention And Visitors Bureau's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mchenry County Convention And Visitors Bureau demonstrates consistent financial operations, with revenues generally exceeding expenses in recent years, contributing to a stable asset base. For instance, in 2023, revenue was $571,538 against expenses of $502,558, resulting in a surplus. The organization's assets have fluctuated but remained within a healthy range relative to its annual revenue, with $300,053 in assets reported in 2023. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to minimizing administrative overhead in this area, which is a positive sign for spending efficiency.

The organization's NTEE code S41 (Tourism, Conventions & Visitors Bureaus) suggests its primary activities are promotional and administrative in nature, aiming to attract visitors. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine the program spending ratio. However, the absence of officer compensation suggests that a significant portion of its operational budget likely goes towards its mission-related activities, such as marketing and event coordination, rather than executive salaries. The consistent filing of IRS Form 990s over many years reflects a commitment to transparency.

Overall, the Mchenry County Convention And Visitors Bureau appears to be a financially stable organization with a clear mission. Its consistent revenue generation, controlled expenses, and lack of reported officer compensation are positive indicators. Further detailed expense breakdowns would provide even greater insight into its spending efficiency, but the available data suggests a well-managed entity focused on its stated purpose.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mchenry County Convention And Visitors Bureau with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Mchenry County Convention And Visitors Bureau allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and suggests either volunteer leadership or compensation is covered by another entity.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Mchenry County Convention And Visitors Bureau's IRS 990 filings:

Lack of detailed expense breakdown beyond total expenses makes precise program efficiency difficult to assess.
Consistent 0% officer compensation is unusual for an organization with annual revenues exceeding $500,000, potentially indicating compensation is paid by a related entity or through other means not disclosed on the 990.

Strengths

The following positive indicators were identified for Mchenry County Convention And Visitors Bureau:

Consistent financial stability with revenues often exceeding expenses, as seen in 2023 ($571,538 revenue vs. $502,558 expenses).
No reported officer compensation across all filings, suggesting low administrative overhead in this area.
Long history of IRS 990 filings (11 filings), demonstrating strong transparency and compliance.
Healthy asset base relative to annual revenue, with $300,053 in assets reported in 2023.
Clear mission as a Convention and Visitors Bureau (NTEE S41), indicating a focused purpose.

Frequently Asked Questions about Mchenry County Convention And Visitors Bureau

Is Mchenry County Convention And Visitors Bureau a good charity?

Based on the available financial data, the organization appears to be well-managed with stable finances and no reported officer compensation, which are positive indicators. Its consistent operations and transparency through regular 990 filings suggest it is a responsible steward of its resources.

How does the organization manage its expenses?

Expenses have generally been well-controlled relative to revenue. For example, in 2023, expenses were $502,558 against revenues of $571,538, demonstrating a surplus. The organization has consistently kept expenses below or close to revenue, indicating prudent financial management.

What is the trend in the organization's assets?

Assets have shown some fluctuation but generally remained stable over the years, ranging from a low of $172,903 in 2014 to a high of $302,265 in 2020, and most recently $300,053 in 2023. This indicates a healthy financial position capable of supporting its operations.

Filing History

IRS 990 filing history for Mchenry County Convention And Visitors Bureau showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2012–2023), Mchenry County Convention And Visitors Bureau's revenue has grown by 95.8%, moving from $292K to $572K. Total assets increased by 333.2% over the same period, from $69K to $300K. Total functional expenses rose by 80.8%, from $278K to $503K. In its most recent filing year (2023), Mchenry County Convention And Visitors Bureau reported a surplus of $69K, with revenue exceeding expenses. The organization holds $50K in liabilities against $300K in assets (debt-to-asset ratio: 16.7%), resulting in net assets of $250K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$572K	$503K	$300K	$50K	—	View 990
2022	$492K	$532K	$232K	$51K	—	View 990
2021	$321K	$351K	$272K	$51K	—	View 990
2020	$455K	$411K	$302K	$51K	—	View 990
2019	$464K	$445K	$259K	$52K	—	View 990
2018	$390K	$392K	$241K	$52K	—	View 990
2017	$391K	$365K	$242K	$52K	—	View 990
2016	$387K	$345K	$227K	$52K	—	View 990
2014	$330K	$336K	$173K	$62K	—	View 990
2013	$330K	$343K	$178K	$62K	—	View 990
2012	$292K	$278K	$69K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $572K, expenses of $503K, and assets of $300K (revenue +16.2% year-over-year).
2022: Revenue of $492K, expenses of $532K, and assets of $232K (revenue +53.0% year-over-year).
2021: Revenue of $321K, expenses of $351K, and assets of $272K (revenue -29.4% year-over-year).
2020: Revenue of $455K, expenses of $411K, and assets of $302K (revenue -2.0% year-over-year).
2019: Revenue of $464K, expenses of $445K, and assets of $259K (revenue +18.9% year-over-year).
2018: Revenue of $390K, expenses of $392K, and assets of $241K (revenue +-0.0% year-over-year).
2017: Revenue of $391K, expenses of $365K, and assets of $242K (revenue +0.9% year-over-year).
2016: Revenue of $387K, expenses of $345K, and assets of $227K (revenue +17.4% year-over-year).
2014: Revenue of $330K, expenses of $336K, and assets of $173K (revenue -0.2% year-over-year).
2013: Revenue of $330K, expenses of $343K, and assets of $178K (revenue +13.2% year-over-year).
2012: Revenue of $292K, expenses of $278K, and assets of $69K.

Data Sources and Methodology

This transparency report for Mchenry County Convention And Visitors Bureau is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.