POLK COUNTY FAIR SOCIETY INC

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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

1979

Legal Domicile

Principal Officer

JANIS LARSON

Phone

7155530118

Tax Period

2024-11-01 to 2025-10-31

POLK COUNTY FAIR SOCIETY INC, founded in 1979, is a small nonprofit in the Recreation & Sports sector that reported $456K in total revenue in fiscal year 2024. Expenses of $543K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROMOTE EDUCATION, YOUTH DEVELOPMENT, AND CULTURAL ARTS THROUGH AN AGRICULTURAL SHOWCASE WHICH INCORPORATES SAFE, FAMILY-ORIENTED ENTERTAINMENT, AND COMMUNITY EVENTS FOR POLK COUNTY.

Program Service Accomplishments

Program 1

Expenses: $512,465 Revenue: $319,927

THE POLK COUNTY FAIR SOCIETY IS A NON-PROFIT ORGANIZATION THAT FACILITATES THE PLANNING AND IMPLEMENTATION OF THE ANNUAL POLK COUNTY FAIR. TO THIS END, THE SOCIETY MANAGES AND COORDINATES MANY...

THE POLK COUNTY FAIR SOCIETY IS A NON-PROFIT ORGANIZATION THAT FACILITATES THE PLANNING AND IMPLEMENTATION OF THE ANNUAL POLK COUNTY FAIR. TO THIS END, THE SOCIETY MANAGES AND COORDINATES MANY VOLUNTEER HOURS. OUR VOLUNTEER BASE IS COMPOSED NOT ONLY OF 4H YOUTH AND THEIR FAMILIES, BUT CONCERNED AND INVESTED MEMBERS OF OUR COMMUNITY, BOTH LOCAL AND EXTENEDED. ON AN ANNUAL BASIS, VOLUNTEER NUMBERS CAN RANGE FROM 350 TO 500 INDIVIDUALS, AND HOURS UPWARDS OF 20,000 DONATED ARE NOT UNUSUAL. EVEN THOUGH THE FAIR ITSELF IS TECHNICALLY 4 DAYS, THOSE VOLUNTEERS ENABLE THE POLK COUNTY FAIRGROUNDS TO BE UTILIZED FROM THE BEGINNING OF APRIL UNTIL THE MIDDLE OF NOVEMBER FOR MANY PROJECTS AND EVENTS. FROM 4H PROJECTS TO COMMUNITY CELEBRATIONS TO FAMLIY ACTIVITIES, THIS COMMUNITY COMES TOGETHER TO ENSURE THAT THE FAIRGROUNDS REMAIN AS BRIGHT A JEWEL AS THEY ONCE WERE. MANY FAMILIES SHARE GENERATIONAL MEMORIES THAT REVOLVE AROUND THE POLK COUNTY FAIRGROUNDS. THEY, AND THE REST OF THE VOLUNTEERS, CONTINUE TO SAFEGUARD OUR ABILITY TO SHOWCASE THE GREAT AGRICULTURE AND TALENTS OF POLK COUNTY.

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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 $70,409

Program Service Revenue $319,927

Investment Income $17,232

Other Revenue $48,389

TOTAL REVENUE $455,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $512,465

Other Expenses $531,303

TOTAL EXPENSES $543,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$455,957	$426,981	+0.1%
Expenses	$543,303	$399,548	+0.4%
Net Income	$-87,346	$27,433	-4.2%

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

Employees

N/A

Volunteers

390

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

$12,000

Total Directors