GRUNDY COUNTY CORN FESTIVAL (EIN 363145771) - 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

1948

Legal Domicile

Phone

8159420594

Tax Period

2023-11-01 to 2024-10-31

GRUNDY COUNTY CORN FESTIVAL, founded in 1948, is a small nonprofit that reported $362K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $400K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE GRUNDY COUNTY CORN FESTIVAL IS AN ANNUAL EVENT FOR THE RESIDENT OF GRUNDY COUNTY, ILLINOIS. THE FESTIVAL HAS A LARGE PARADE, FARM EVENTS, AND RELATED COMMUNITY ACTIVITIES.

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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 $353,122

Program Service Revenue $0

Investment Income $9,100

Other Revenue $0

TOTAL REVENUE $362,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,263

Fundraising Expenses $0

Program Expenses $399,537

Other Expenses $389,274

TOTAL EXPENSES $399,537

Year-over-Year Comparison

	2023	2022	Change
Revenue	$362,222	$334,634	+0.1%
Expenses	$399,537	$299,162	+0.3%
Net Income	$-37,315	$35,472	-2.1%

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

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
JIM MASKEL	Director	5.00	Director	$0	$0	$0
TRACY STOTT	Director	5.00	Director	$0	$0	$0
JOHN SPARROW	President	5.00	Officer	$0	$0	$0
SUE MORSE	Treasurer	5.00	Officer	$0	$0	$0
CINDIE HUNT	Director	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	$362,222	$399,537	$432,387	$-37,315
2023	$334,634	$299,162	No data	$35,472
2022	$349,471	$298,941	No data	$50,530
2021	$52,856	$273,576	No data	$-220,720
2020	$16,813	$52,171	No data	$-35,358
2019	$219,837	$217,097	No data	$2,740
2018	$271,812	$242,606	No data	$29,206

GRUNDY COUNTY CORN FESTIVAL