ISANTI COUNTY AGRICULTURAL SOCIETY

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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

1900

Legal Domicile

Principal Officer

BRYCE SORENSON

Phone

7636892555

Tax Period

2024-10-01 to 2025-09-30

ISANTI COUNTY AGRICULTURAL SOCIETY, founded in 1900, is a small nonprofit that reported $411K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $366K left a modest 11% surplus.

Mission

THE ISANTI COUNTY AGRICULTURAL SOCIETY, INC. IS ORGANIZED TO PROMOTE AND PROVIDE EDUCATIONAL AND AGRICULTURAL OPPORTUNITIES FOR THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $227,216

THE ORGANIZATION'S GREATEST OPPORTUNITY TO EDUCATE, INTERACT AND SOCIALIZE WITH THE PUBLIC IS THROUGH THE COUNTY FAIR WHERE APPROXIMATELY 26,000 WERE IN ATTENDANCE. AGRICULTURAL PRODUCTION IS...

THE ORGANIZATION'S GREATEST OPPORTUNITY TO EDUCATE, INTERACT AND SOCIALIZE WITH THE PUBLIC IS THROUGH THE COUNTY FAIR WHERE APPROXIMATELY 26,000 WERE IN ATTENDANCE. AGRICULTURAL PRODUCTION IS SHOWCASED, INCLUDING CROPS AND LIVESTOCK. FUNCTIONAL HOME AND FARM ITEMS INCLUDING CREATIVE DECORATIVE ITEMS, FOOD AND PRESERVED FOODS ARE ALSO EXHIBITED. EXHIBITORS AND 4H EXHIBITORS RECEIVE AWARDS AND PREMIUM CHECKS. EDUCATIONAL DEMONSTRATIONS AND FREE ENTERTAINMENT ARE ATTENDED BY BOTH CHILDREN AND ADULTS. KIDS' DAY IS A VERY POPULAR EVENT WITH MANY ATTRACTIONS, AND IS A BIG HIT WITH PRESCHOOLERS AND DAYCARE PROVIDERS. SPECIAL PROGRAMS FOR SENIORS' DAY ARE WELL ATTENDED. SERVICE ORGANIZATIONS AND OTHER 501C3 ORGANIZATIONS RECEIVE GRANT MONEY FOR ASSISTING IN THIS LARGE EVENT.

Program 2

Expenses: $64,345

THE ORGANIZATION CONTINUES TO MAKE THE BUILDINGS AND FAIRGROUNDS AVAILABLE TO THE COMMUNITY AT A REASONABLE COST FOR BOTH COMMUNITY AND FAMILY EVENTS. ACTIVITIES CARRIED ON DURING THE FISCAL YEAR ON THE GROUNDS WERE ATV & SNOWMOBILE TRAINING, A DOG SHOW, 4TH OF JULY FIREWORKS. OTHER ACTIVITIES INCLUDE LAW ENFORCEMENT TRAINING, CAMBRIDGE FOOD SHELF DISTRIBUTION, MN DEER HUNTERS COLLECTION OF "HIDES FOR HABITAT AND GUN TRAINING, AND THE FRANKENSTEINERS CAR CLUB HELD A CAR SHOW. THE FAIRGROUNDS WERE ALSO USED FOR WEDDING CEREMONIES AND GRADUATION PARTIES WHEN APPROPRIATE.

Program 3

Expenses: $59,076

THE ORGANIZATION SHOWCASES THE AGRICULTURAL AND CREATIVE ACTIVITIES OF THE LOCAL 4-H MEMBERS. A BUILDING IS PROVIDED THAT INCLUDES AN EXHIBIT AREA FOR CREATIVE ACTIVITIES, ARTS, CRAFTS, A STAGE FOR FASHION REVIEW, AND A SNACK BAR. DURING THE FAIR, 8 BUILDINGS AND 2 ARENAS ARE PROVIDED TO THE 4-H PROGRAM TO SHOW THEIR LIVESTOCK AND HORSE EXHIBITS. 249 4-H MEMBERS EXHIBITED ANIMALS AND NON-ANIMAL PROJECTS TOTALING 1836 EXHIBITS AT THE FAIR THIS YEAR. PREMIUM AWARD CHECKS WERE GIVEN FOR THOSE EXHIBITING. THE 4-H DOG PROGRAM USES THE GROUNDS DURING THE SUMMER MONTHS FOR THEIR TRAINING SESSIONS. THE ORGANIZATION CONTINUES TO MAKE THE FAIRGROUNDS AVAILABLE TO THE 4-H PROGRAM DURING THE ENTIRE YEAR FOR CLINICS AND TRAINING. THE ORGANIZATION HAS MEETINGS INCLUDING THEIR ANNUAL MEETING TO INFORM MEMBERS AND THE GENERAL PUBLIC AS WELL AS CONTINUE TO PERFORM THE REQUIRED GENERAL FUNCTIONS NEEDED DURING THE ENTIRE YEAR.

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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 $41,301

Program Service Revenue $318,842

Investment Income $19,525

Other Revenue $31,241

TOTAL REVENUE $410,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,802

Fundraising Expenses $0

Program Expenses $350,637

Other Expenses $356,670

TOTAL EXPENSES $366,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,909	$484,472	-0.2%
Expenses	$366,472	$389,411	-0.1%
Net Income	$44,437	$95,061	-0.5%

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

$5,900

Total Directors