FREEBORN COUNTY AGRICULTURAL SOCIETY (EIN 410718179) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1909

Legal Domicile

Principal Officer

MICHAEL WOITAS

Phone

5073736965

Tax Period

2024-10-01 to 2025-09-30

FREEBORN COUNTY AGRICULTURAL SOCIETY, founded in 1909, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $917K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $888K left a modest 3% surplus.

Mission

TO PROMOTE AGRICULTURE, HORTICULTURE, AND LIVESTOCK THROUGH EXHIBITS, SHOWS AND COMPETITIONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $58,943

Program Service Revenue $724,559

Investment Income $250

Other Revenue $133,265

TOTAL REVENUE $917,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,827

Fundraising Expenses $0

Program Expenses $776,176

Other Expenses $772,181

TOTAL EXPENSES $888,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$917,017	$841,098	+0.1%
Expenses	$888,008	$844,699	+0.1%
Net Income	$29,009	$-3,601	-9.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

128

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

$3,126

Total Directors

$2,834

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN REED	DIRECTOR	5.50	Director	$1,042	$0	$1,042
DEB STEINFELDT	DIRECTOR	5.50	Director	$1,042	$0	$1,042
LONNIE D GRUNZKE	TREASURER	5.50	Officer	$1,042	$0	$1,042
PAUL HANSEN	PRESIDENT	5.50	Officer	$1,042	$0	$1,042
TROY THOMPSON	VICE PRESIDE	5.50	Officer	$1,042	$0	$1,042
JAMES S HANSON	DIRECTOR	5.50	Director	$750	$0	$750

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	$917,017	$888,008	$136,449	$29,009
2024	$841,098	$844,699	$108,277	$-3,601
2023	$810,259	$842,993	$122,327	$-32,734
2022	$1,010,148	$887,345	$140,866	$122,803
2021	$741,303	$787,569	$53,447	$-46,266
2020	$135,065	$129,641	$89,580	$5,424

FREEBORN COUNTY AGRICULTURAL SOCIETY