Morrison County Agricultural Society (EIN 410713020) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

Clint Kathrein

Phone

3205732602

Tax Period

2023-01-01 to 2023-12-31

Morrison County Agricultural Society, founded in 1982, is a small nonprofit that reported $700K in total revenue in fiscal year 2023. Revenue surged 223% from the prior year, signaling strong growth momentum. The organization ran a surplus of $433K, a strong 62% operating margin.

Mission

To operate the annual 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $57,644

Program Service Revenue $43,502

Investment Income $1,592

Other Revenue $597,327

TOTAL REVENUE $700,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $464

Fundraising Expenses $0

Other Expenses $266,113

TOTAL EXPENSES $266,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$700,065	$216,720	+2.2%
Expenses	$266,577	$210,949	+0.3%
Net Income	$433,488	$5,771	+74.1%

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

Governance

Voting Members

Independent Members

Employees

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
Clint Kathrein	Pres.	2.00	Officer	$0	$0	$0
Jeremy Hanler	V P	1.00	Officer	$0	$0	$0
Brenda Rudolph	Secretary	1.00	Officer	$0	$0	$0
Kennard Fellbaum	Treasurer	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
2024	No data	No data	No data	No data
2023	$700,065	$266,577	$1,199,149	$433,488
2022	$216,720	$210,949	$765,661	$5,771
2021	$162,190	$174,831	$759,890	$-12,641
2020	$80,579	$84,657	$772,531	$-4,078

Morrison County Agricultural Society