MINNESOTA FEDERATION OF COUNTY FAIRS (EIN 410731480) - 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

1918

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

MINNESOTA FEDERATION OF COUNTY FAIRS, founded in 1918, is a small nonprofit that reported $229K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $292K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROMOTION & EDUCATION FOR MINNESOTA COUNTY FAIRS

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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 $38,900

Program Service Revenue $182,491

Investment Income $0

Other Revenue $7,715

TOTAL REVENUE $229,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,940

Fundraising Expenses $0

Program Expenses $217,715

Other Expenses $275,602

TOTAL EXPENSES $291,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,106	$157,790	+0.5%
Expenses	$291,542	$175,550	+0.7%
Net Income	$-62,436	$-17,760	+2.5%

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

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

$5,640

Total Directors

$4,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE DE ST CROIX	EXECUTIVE SECRETARY	10.00	Highest	$6,250	$0	$6,250
JENNIFER PENZENSTADLER	TREASURER	2.00	Officer	$3,900	$0	$3,900
DON MERKENS	PRESIDENT	0.00	Officer	$600	$0	$600
STEVE HALLAN	PAST PRESIDENT	0.00	Officer	$600	$0	$600
JENNIFER ROUILLARD-TICHY	DIRECTOR	0.00	Director	$540	$0	$540
ZACH RINEHART	DIRECTOR	0.00	Director	$540	$0	$540
CAROL SCHUMANN	VICE PRESIDENT	0.00	Officer	$540	$0	$540
TROY BEISE	DIRECTOR	0.00	Director	$510	$0	$510
BRIAN GRUNHOVD	DIRECTOR	0.00	Director	$510	$0	$510
STEVE STORCK	PAST PRESIDENT	0.00	Director	$510	$0	$510
BRIAN CARLSON	DIRECTOR	0.00	Director	$480	$0	$480
KATHY TRAVIS	DIRECTOR	0.00	Director	$480	$0	$480
JEFF POTTER	DIRECTOR	0.00	Director	$420	$0	$420
JENNIE JOHNSON	PAST PRESIDENT	0.00	Director	$60	$0	$60

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	$229,106	$291,542	$16,593	$-62,436
2023	$157,790	$175,550	$79,029	$-17,760
2022	$206,004	$168,369	$221,339	$37,635

MINNESOTA FEDERATION OF COUNTY FAIRS