SWIFT COUNTY FAIR ASSOCIATION

EIN: 410570095 501(c)(3) Recreation & Sports

KERKHOVEN, MN

Total Revenue
$472,672
Total Expenses
$383,146
Total Assets
$1,217,870
Net Assets
$1,192,870
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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
2001
Legal Domicile
MN
Principal Officer
ERIC TURNQUIST
Phone
3202202626
Tax Period
2023-10-01 to 2024-09-30

SWIFT COUNTY FAIR ASSOCIATION, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $473K in total revenue in fiscal year 2023. The organization ran a surplus of $90K, a strong 19% operating margin.

Mission

OPERATE COUNTY FAIR AND RELATED ACTIVITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $176,618
Program Service Revenue $273,670
Investment Income $2,779
Other Revenue $19,605
TOTAL REVENUE $472,672

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,055
Fundraising Expenses $0
Program Expenses $378,846
Other Expenses $373,091
TOTAL EXPENSES $383,146

Year-over-Year Comparison

2023 2022 Change
Revenue $472,672 $456,626 +0.0%
Expenses $383,146 $352,316 +0.1%
Net Income $89,526 $104,310 -0.1%
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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Governance

Voting Members
18
Independent Members
19
Employees
2
Volunteers
50

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
$3,200
Total Directors
18
$3,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE STASSEN Secretary 2.00
Officer Director
$3,200 $0 $3,200
CINDY CARL Director 1.00
Director
$0 $0 $0
MARK PLUMHOFF Director 1.00
Director
$0 $0 $0
DARLENE WILTS Director 1.00
Officer Director
$0 $0 $0
KEVIN WILKENING Vice President 1.00
Officer Director
$0 $0 $0
LUVERNE FLOWER Director 1.00
Director
$0 $0 $0
MARC NOKLEBY Director 1.00
Director
$0 $0 $0
TIM BAKKEN Director 1.00
Director
$0 $0 $0
JOHN HOLTZ Director 1.00
Director
$0 $0 $0
LAURIE HENNEBERG Director 1.00
Director
$0 $0 $0
DUSTY VOORHEES Director 1.00
Director
$0 $0 $0
ERIC TURNQUIST President 1.00
Officer Director
$0 $0 $0
SUE SMITH Director 1.00
Director
$0 $0 $0
JANE SAULSBURY Director 1.00
Director
$0 $0 $0
TOM LYE Director 1.00
Director
$0 $0 $0
STAN GLIMSDAL JR Director 1.00
Director
$0 $0 $0
TOM HOFFMAN Director 1.00
Director
$0 $0 $0
DALE MOSER Treasurer 1.00
Director
$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 No data No data No data No data
2024 $472,672 $383,146 $1,217,870 $89,526
2023 $456,626 $352,316 $1,148,503 $104,310
2022 $483,384 $328,831 $1,046,742 $154,553
2021 $496,510 $284,175 $891,953 $212,335
2020 $156,158 $71,651 $616,448 $84,507
2019 $286,118 $249,740 $533,930 $36,378
2018 $230,613 $211,327 $501,338 $19,286
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