FARIBAULT COUNTY AGRICULTURAL SOCI… - Form 990 Financial Data

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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

1945

Legal Domicile

Phone

5075262984

Tax Period

2024-10-01 to 2025-09-30

FARIBAULT COUNTY AGRICULTURAL SOCIETY, founded in 1945, is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $151K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROMOTE AGRICULTURE EDUCATION AND ADVANCEMENT. TO SPONSOR THE FARIBAULT COUNTY FAIR.

Program Service Accomplishments

Program 1

Expenses: $146,412 Revenue: $1,186

TO FOSTER INFORMATION AND EDUCATIONAL PROGRAMS IN AGRICULTURE. TO ENCOURAGE OTHER ENDEAVORS IN HUMANITIES, ARTS, INDUSTRY, AND OTHER SKILLS THROUGH 4-H, FFA, AND OTHER YOUTH PROGRAMS.

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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 $11,021

Program Service Revenue $0

Investment Income $1,182

Other Revenue $98,208

TOTAL REVENUE $110,411

Expense Breakdown

Grants Paid $86,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,412

Other Expenses $64,438

TOTAL EXPENSES $151,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,411	$140,815	-0.2%
Expenses	$151,288	$162,114	-0.1%
Net Income	$-40,877	$-21,299	+0.9%

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

N/A

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
DARYL MURRAY	Vice President	3.00	Officer Director	$0	$0	$0
JOE STEVERMER	Director	5.00	Director	$0	$0	$0
ROBIN STENZEL	Secretary	3.00	Officer Director	$0	$0	$0
ROB TVEDTEN	Vice President	3.00	Officer Director	$0	$0	$0
MARLIN PRANGE	President	3.00	Officer Director	$0	$0	$0
MARLIN KRUPP	Director	3.00	Director	$0	$0	$0
DAVID MURRAY	Treasurer	3.00	Officer Director	$0	$0	$0
MILO GOLTZ	Director	3.00	Director	$0	$0	$0
FRANZ SHOLTZ	Director	0.00	Director	$0	$0	$0
TIM BEYER	Director	3.00	Director	$0	$0	$0
CATHI DOUGLAS	Director	0.00	Director	$0	$0	$0
NATE PHIPPEN	Director	3.00	Director	$0	$0	$0
PEGGY OLSON	Director	5.00	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	$110,411	$151,288	$1,824,725	$-40,877
2024	$140,815	$162,114	$1,865,602	$-21,299
2023	$190,384	$201,884	$1,886,901	$-11,500
2022	$169,673	$133,182	$1,898,401	$36,491
2021	$114,052	$94,164	$1,869,729	$19,888
2020	$259,715	$211,172	$1,849,841	$48,543
2019	$171,390	$116,573	$1,808,009	$54,817
2018	$83,664	$61,655	$1,768,869	$22,009

FARIBAULT COUNTY AGRICULTURAL SOCIETY