LAKE OF THE WOODS COUNTY FAIR ASSOC (EIN 383902726) - 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

2011

Legal Domicile

Tax Period

2024-10-01 to 2025-09-30

LAKE OF THE WOODS COUNTY FAIR ASSOC, founded in 2011, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $97K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $139K exceeded revenue, resulting in a 43% operating deficit.

Mission

COMMUNITY PROJECTS AND 4H PROJECTS, COMMUNITY COUNTY FAIR BOARD

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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 $40,545

Program Service Revenue $55,565

Investment Income $1,054

Other Revenue $0

TOTAL REVENUE $97,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,736

Other Expenses $139,279

TOTAL EXPENSES $139,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,164	$138,843	-0.3%
Expenses	$139,279	$99,125	+0.4%
Net Income	$-42,115	$39,718	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADY DUNRUD	RECORDER	3.00	Officer	$0	$0	$0
JAMES P SWEET	PRESIDENT	3.00	Officer	$0	$0	$0
REBECCA CURRAN	TREASURER	3.00	Officer	$0	$0	$0
JANICE NELSON	VICE PRESIDENT	3.00	Officer	$0	$0	$0
ALLAN CAUBLE	SECRETARY	3.00	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
2025	$97,164	$139,279	$703,114	$-42,115
2024	$138,843	$99,125	$745,229	$39,718
2023	$164,169	$151,445	$705,511	$12,724
2022	$111,549	$79,943	$692,787	$31,606
2021	$199,609	$69,703	$661,181	$129,906
2020	$66,280	$41,595	$531,275	$24,685

LAKE OF THE WOODS COUNTY FAIR ASSOC