WALWORTH COUNTY FAIR FOUNDATION INC

EIN: 392036784 501(c)(3) Arts, Culture & Humanities

MILTON, WI

Total Revenue
$91,612
Total Expenses
$4,126
Total Assets
$547,578
Net Assets
$529,110
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
WI
Principal Officer
KATHY LOVELESS
Phone
2627233228
Tax Period
2024-11-01 to 2025-10-31

WALWORTH COUNTY FAIR FOUNDATION INC, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $92K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 95% operating margin.

Mission

THE WALWORTH COUNTY FAIR FOUNDATION INC. WAS FORMRD WITH THE PURPOSE OF SUPPORTING AND DEVELOPING PROGRAMS TO AUGMENT THE SERVICES AND FACILITIES CURRENTLY HELD AT THE WALWORTH COUNTY AGRICULTURE SOCIETY (A RECOGNIZED NONPROFIT ORGANIZATION). THE WALWORTH COUNTY FAIR FOUNDATION INC. IS A VEHICLE TO PROMOTE, STIMULATE AND ENCOURAGE GIFTS OF FUNDS AND PROPERTY THAT WILL BE USED BY THE WALWORTH COUNTY AGRICULTURE SOCIETY. WALWORTH COUNTY AGRICULTURE SOCIETY IS A NONPROFIT ORGANIZATION THAT OPERATES THE WALWORTH COUNTY FAIR. THE WALWORTH COUNTY FAIR'S PRIMARY OBJECTIVE IS TO PROMOTE EDUCATIONAL OPPORTUNITIES FOR BOTH THE YOUTH AND THE GENERAL PUBLIC THROUGH AGRICULTURAL AND RELATED FIELDS. CONTRIBUTIONS RECIEVIED WILL BE USED TO SUPPORT AND DEVELOP PROGRAMS TO AUGMENT THE SERVICES AND FACILITIES OF THE WALWORTH COUNTY FAIR.

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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 $1,000
Program Service Revenue $0
Investment Income $79,802
Other Revenue $10,810
TOTAL REVENUE $91,612

Expense Breakdown

Grants Paid $396
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $396
Other Expenses $3,730
TOTAL EXPENSES $4,126

Year-over-Year Comparison

2024 2023 Change
Revenue $91,612 $50,747 +0.8%
Expenses $4,126 $114,197 -1.0%
Net Income $87,486 $-63,450 -2.4%
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

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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
9
Independent Members
9
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE ADAMS MEMBER 1.00
Director
$0 $0 $0
NANCY DOUGLASS MEMBER 1.00
Director
$0 $0 $0
JAKE POLYOCK MEMBER 1.00
Director
$0 $0 $0
JUDY SOKOLOWSKI MEMBER 1.00
Director
$0 $0 $0
JIM STOWELL MEMER 1.00
Director
$0 $0 $0
LYNN GARDINIER TREASURER 1.00
Officer
$0 $0 $0
KATHY LOVELESS PRESIDENT 1.00
Officer
$0 $0 $0
BILL THOMPSON SECRETARY 1.00
Officer
$0 $0 $0
SHANNON WYNN VICE PRESIDE 1.00
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 $91,612 $4,126 $547,578 $87,486
2024 $50,747 $114,197 $460,092 $-63,450
2023 $50,327 $29,251 $528,462 $21,076
2022 $49,479 $1,753 $512,840 $47,726
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