ADAMS COUNTY FAIR AND RACING ASSN

EIN: 391889341 501(c)(3) Arts, Culture & Humanities

CORNING, IA

Total Revenue
$815,055
Total Expenses
$817,804
Total Assets
$105,144
Net Assets
$46,247
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
IA
Principal Officer
CLIFF BALDWIN
Phone
6413224184
Tax Period
2024-01-01 to 2024-12-31

ADAMS COUNTY FAIR AND RACING ASSN, founded in 1925, is a small nonprofit in the Arts, Culture & Humanities sector that reported $815K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

ASSOCIATION IS CHARGED WITH MAINTENANCE IMPROVEMENT OF THE ADAMS CO FAIRGROUNDS & ADAMS COUNTY SPEEDWAY. ALL NET REVENUES ARE USED WITHIN THE FACILITY OR AS DONATIONS & SCOLARSHIPS OFFERED WITHIN THE COMMUNITY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $815,055
Investment Income $0
Other Revenue $0
TOTAL REVENUE $815,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $761,759
Other Expenses $817,804
TOTAL EXPENSES $817,804

Year-over-Year Comparison

2024 2023 Change
Revenue $815,055 $523,627 +0.6%
Expenses $817,804 $492,744 +0.7%
Net Income $-2,749 $30,883 -1.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVAN BALDWIN DIRECTOR N/A
Director
$0 $0 $0
JACOB BEST DIRECTOR N/A
Director
$0 $0 $0
RYAN CARLSON DIRECTOR N/A
Director
$0 $0 $0
ALYSSA COOPER DIRECTOR N/A
Director
$0 $0 $0
TONY HARDISTY DIRECTOR N/A
Director
$0 $0 $0
RON HELVIE DIRECTOR N/A
Director
$0 $0 $0
JOEY KERNEN DIRECTOR N/A
Director
$0 $0 $0
NANCY ROBARDS DIRECTOR N/A
Director
$0 $0 $0
CHRIS SPIEKER DIRECTOR N/A
Director
$0 $0 $0
LANCE SWARTZ DIRECTOR N/A
Director
$0 $0 $0
TOM WILLIAMS DIRECTOR N/A
Director
$0 $0 $0
CLIFF BALDWIN PRESIDENT 6.00
Officer
$0 $0 $0
LISA BROWN TREASURER 6.00
Officer
$0 $0 $0
LOGAN CARLSON VICE PRESIDE 6.00
Officer
$0 $0 $0
KANDI MILLER SECRETARY 6.00
Officer
$0 $0 $0
BILLY ROCK 2ND VICE PRE 6.00
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 $815,055 $817,804 $105,144 $-2,749
2023 $523,627 $492,744 $104,246 $30,883
2022 $441,484 $428,758 $73,363 $12,726
2021 $321,506 $320,919 $60,637 $587
2020 $152,631 $116,836 $131,069 $35,795
2019 $95,782 $118,687 $95,274 $-22,905
2018 $86,201 $84,685 $96,992 $1,516
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