MIDLAND COUNTY AGRICULTURAL AND HORTICULTURAL SOCIETY (EIN 381539457) - 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

Principal Officer

NICOLAS HALL

Phone

9898357901

Tax Period

2022-11-01 to 2023-10-31

MIDLAND COUNTY AGRICULTURAL AND HORTICULTURAL SOCIETY, founded in 1948, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 43% operating deficit.

Mission

PROVIDE FAIRGROUNDS AND FACILITIES TO AREA RESIDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $68,742

Program Service Revenue $1,139,521

Investment Income $-174,934

Other Revenue $54,756

TOTAL REVENUE $1,088,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,189

Fundraising Expenses $29,165

Program Expenses $1,364,859

Other Expenses $1,237,551

TOTAL EXPENSES $1,556,740

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,088,085	$1,449,428	-0.2%
Expenses	$1,556,740	$1,376,012	+0.1%
Net Income	$-468,655	$73,416	-7.4%

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

130

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

$44,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON ANGER	DIRECTOR	3.00	Director	$0	$0	$0
KELLY GRAY	2ND VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JASON MURRAY	1ST VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MARGARET WEGNER	PRESIDENT	3.00	Officer Director	$0	$0	$0
KAREN BONHAM	DIRECTOR	3.00	Director	$0	$0	$0
ERIC MILLER	DIRECTOR	3.00	Director	$0	$0	$0
ROXANNE WHEELER	TREASURER	3.00	Officer Director	$0	$0	$0
JEFF CAIN	DIRECTOR	3.00	Director	$0	$0	$0
HELENA HICKERSON	DIRECTOR	3.00	Director	$0	$0	$0
MARGARET POTTER	DIRECTOR	3.00	Director	$0	$0	$0
DAWN ZASKE	DIRECTOR	3.00	Director	$0	$0	$0
RYAN GARRETT	ASSISTANT TREASURER	3.00	Officer Director	$0	$0	$0
PAM KASTL	SECRETARY	3.00	Officer Director	$0	$0	$0
PHIL STERN	DIRECTOR	3.00	Director	$0	$0	$0
NICOLAS HALL	MANAGER	40.00	Officer	$44,000	$0	$44,000

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	$1,088,085	$1,556,740	$6,943,368	$-468,655
2022	$1,449,428	$1,376,012	$7,456,464	$73,416
2021	$2,725,183	$1,111,482	$7,364,904	$1,613,701
2020	$541,894	$854,812	$5,790,516	$-312,918
2019	$2,894,716	$1,264,593	$6,062,575	$1,630,123
2018	$981,581	$1,049,222	$4,432,284	$-67,641
2018	$979,447	$1,028,572	$4,428,509	$-49,125

MIDLAND COUNTY AGRICULTURAL AND HORTICULTURAL SOCIETY