County of Goodhue Agricultural Society & Mechanics (EIN 410714416) - 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

1943

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

County of Goodhue Agricultural Society & Mechanics, founded in 1943, is a small nonprofit that reported $587K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 33% operating margin.

Mission

Promote Agriculture in Goodhue County, MN

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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 $210,055

Program Service Revenue $344,690

Investment Income $7,235

Other Revenue $24,598

TOTAL REVENUE $586,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,345

Fundraising Expenses $0

Program Expenses $376,518

Other Expenses $385,081

TOTAL EXPENSES $395,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$586,578	$468,177	+0.3%
Expenses	$395,426	$365,618	+0.1%
Net Income	$191,152	$102,559	+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

Employees

N/A

Volunteers

175

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
Morgan Berg	Director	1.00	Director	$0	$0	$0
Tom Bryan	Director	1.00	Director	$0	$0	$0
Wayne Thomforde	Director	1.00	Director	$0	$0	$0
Heather Lange	Director	1.00	Director	$0	$0	$0
Josh Finnesgard	Director	1.00	Director	$0	$0	$0
Duncan Lohman	Director	1.00	Director	$0	$0	$0
Mike Kohlnhofer	Director	1.00	Director	$0	$0	$0
Roger Sievers	Director	1.00	Director	$0	$0	$0
Carol Schumann	Director	1.00	Director	$0	$0	$0
Dustin Vieths	Director	1.00	Director	$0	$0	$0
Travis Ryan	Director	1.00	Director	$0	$0	$0
Derek Weckerling	Director	1.00	Director	$0	$0	$0
Jennifer Lohman	Secretary	1.00	Officer	$0	$0	$0
Darla Vieths	Treasurer	2.00	Officer	$0	$0	$0
Bob Gonsior	President	1.00	Officer	$0	$0	$0
Bart Hoven	Vice President	2.00	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	$586,578	$395,426	$620,750	$191,152
2023	$468,177	$365,618	$451,991	$102,559
2022	$466,611	$368,704	$365,057	$97,907
2021	$342,010	$237,054	$278,953	$104,956
2019	$290,365	$246,153	$157,449	$44,212
2018	$245,175	$254,832	$53,322	$-9,657

County of Goodhue Agricultural Society & Mechanics