MOUNT HOREB SUMMER FROLIC INC (EIN 237064515) - 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

1969

Legal Domicile

Principal Officer

KEVIN BAGSTAD

Phone

6084372949

Tax Period

2023-01-01 to 2023-12-31

MOUNT HOREB SUMMER FROLIC INC, founded in 1969, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $84K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $33K, a strong 40% operating margin.

Mission

TO DISTRIBUTE NET PROFITS EARNED BY THE MT HOREB SUMMER FROLIC, AN ANNUAL, COMMUNITY FAIR PUT ON BY VARIOUS COMMUNITY GROUPS WHO BAND TOGETHER TO RAISE FUNDS FOR LOCAL CIVIC IMPROVEMENTS AND COMMUNITY SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $83,707

TOTAL REVENUE $83,707

Expense Breakdown

Grants Paid $46,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,400

Other Expenses $3,984

TOTAL EXPENSES $50,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,707	$70,787	+0.2%
Expenses	$50,384	$30,129	+0.7%
Net Income	$33,323	$40,658	-0.2%

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

N/A

Employees

N/A

Volunteers

N/A

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
KURT ADLER	DIRECTOR	1.00	Director	$0	$0	$0
JIM ALMQUIST	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BAGSTAD	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE DUMAS	DIRECTOR	1.00	Director	$0	$0	$0
BOB FALIVENO	DIRECTOR	1.00	Director	$0	$0	$0
DEB GUNDERSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RANDY HEFTY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HELWIG	DIRECTOR	1.00	Director	$0	$0	$0
AMY KELLESVIG	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG KELLESVIG	DIRECTOR	1.00	Director	$0	$0	$0
KRIS KIEL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LAESCH	DIRECTOR	1.00	Director	$0	$0	$0
AMY MERTZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN UTL	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN WALTON	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$83,707	$50,384	$126,397	$33,323
2022	$70,787	$30,129	$93,074	$40,658
2021	$62,783	$42,741	$52,416	$20,042
2020	$1,082	$18,490	$32,374	$-17,408
2019	$40,447	$22,735	$49,782	$17,712
2018	$38,992	$40,337	$22,570	$-1,345
2018	$38,992	$30,837	$32,070	$8,155

MOUNT HOREB SUMMER FROLIC INC