Montgomery County Visitor & Convention Bureau Inc

Nonprofit profile at a glance

EIN
351709499
IRS 990 coverage
2017–2022
Forms available
Form 990 2022, Form 990-EZ 2016
Location
Crawfordsville, IN, USA
Phone
7653625200
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$199,704
Expenses
$208,181
Assets
$312,027
Liabilities
$22,033

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • HEATHER SHIRK (EXECUTIVE DIRECTOR)
  • S DAVE LONG (PRESIDENT)
  • CASEY HOCKERSMITH (VICE PRESIDENT)

Highest reported compensation

  • HEATHER SHIRK (EXECUTIVE DIRECTOR): $50,499 total reported compensation
  • MORGAN MORRIS (OFFICE MANAGER): $17,349 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote destination brand experience and the development of communities and businesses for leisure and event visitors with emphasis on generating overnight stays, increased visitor spending, and achieving higher county quality of life.

What it reported doing in 2022

To provide information regarding services, lodging, attractions, and historical sites, and to promote tourism in montgomery county.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 92
  • Accountability: 72
  • Sustainability: 35
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.3%; rating input score 83
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -4.2%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 1.5; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 32.6%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -0.9% per year; rating input score 0; 32nd percentile among comparable filings
  • Revenue growth: 3.2% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 83.3% of revenue deployed · 80% of spending went to programs
  • Governance: 13 of 13 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $167K in reported program spending
  • Leadership: top reported pay $50K · 15 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 4 filing years from 2017 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.