Porter County Agricultural Society Inc (EIN 237309852) - 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

Principal Officer

Cheryl Wilson

Phone

2194620321

Tax Period

2024-01-01 to 2024-12-31

Porter County Agricultural Society Inc is a community nonprofit in the Youth Development sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 441003% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 10% surplus.

Mission

Promote and organize the Porter County Fair for the community and agriculture for education.

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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 $0

Program Service Revenue $0

Investment Income $166,990

Other Revenue $3,207,447

TOTAL REVENUE $3,374,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,939

Fundraising Expenses $0

Program Expenses $3,021,142

Other Expenses $2,813,203

TOTAL EXPENSES $3,021,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,374,437	$765	+4410.0%
Expenses	$3,021,142	$13,988	+215.0%
Net Income	$353,295	$-13,223	-27.7%

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

200

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

$31,610

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Bagnall	Fair Manager	10.00	Officer	$31,610	$0	$31,610
Marty Good	President	1.00	Officer	$0	$0	$0
Mike Herlitz	Vice President	1.00	Officer	$0	$0	$0
Holly King	Secretary	1.00	Officer	$0	$0	$0
Cheryl Wilson	Treasurer	5.00	Officer	$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	$3,374,437	$3,021,142	$3,621,522	$353,295
2023	$3,156,290	$2,741,954	$3,281,418	$414,336
2023	$765	$13,988	$3,268,195	$-13,223
2022	$2,699,398	$2,358,047	$2,867,082	$341,351
2021	$2,666,115	$2,119,931	$2,525,622	$546,184
2020	$163,506	$251,042	$2,548,082	$-87,536
2019	$1,919,184	$1,841,977	$2,066,702	$77,207
2018	$1,793,397	$1,881,621	$1,989,495	$-88,224

Porter County Agricultural Society Inc