CHIPPEWA COUNTY FAIR ASSOCIATION

EIN: 410731619 501(c)(3) Recreation & Sports

MONTEVIDEO, MN

Total Revenue
$236,753
Total Expenses
$222,900
Total Assets
$953,708
Net Assets
$733,119
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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
1927
Legal Domicile
MN
Principal Officer
KURT STRANBERG
Phone
3202696647
Tax Period
2023-10-01 to 2024-09-30

CHIPPEWA COUNTY FAIR ASSOCIATION, founded in 1927, is a small nonprofit in the Recreation & Sports sector that reported $237K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $223K left a modest 6% surplus.

Mission

TO OPERATE COUNTY FAIR AND PROMOTE SOCIAL WELFARE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $109,560
Program Service Revenue $67,274
Investment Income $2,253
Other Revenue $57,666
TOTAL REVENUE $236,753

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $212,015
Other Expenses $222,900
TOTAL EXPENSES $222,900

Year-over-Year Comparison

2023 2022 Change
Revenue $236,753 $275,971 -0.1%
Expenses $222,900 $225,053 0.0%
Net Income $13,853 $50,918 -0.7%
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

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Governance

Voting Members
16
Independent Members
16
Employees
1
Volunteers
100

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
4
$0
Total Directors
19
$6,155
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACEY HOIDAHL DIRECTOR 1.00
Director
$6,155 $0 $6,155
JOE ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
MOLLY BORECK TREASURER 1.00
Officer Director
$0 $0 $0
MATTI PETERS DIRKSEN DIRECTOR 1.00
Director
$0 $0 $0
MATT GILBERTSON COUNTY COMMI 1.00
Director
$0 $0 $0
SANDI GUNTER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
CARMEN HAUGEN SECRETARY 1.00
Officer Director
$0 $0 $0
STEVE HAUGEN DIRECTOR 1.00
Director
$0 $0 $0
CANDICE JAENISCH COUNTY COMMI 1.00
Director
$0 $0 $0
AMBER JOHNSON 4H EXTEN. ED 1.00
Director
$0 $0 $0
CINDY KANTEN DIRECTOR 1.00
Director
$0 $0 $0
DALE KURTZBEIN DIRECTOR 1.00
Director
$0 $0 $0
BRIAN SCHULTZ DIRECTOR 1.00
Director
$0 $0 $0
LISA SCHULTZ DIRECTOR 1.00
Director
$0 $0 $0
CHUCK SHELLENBARGER DIRECTOR 1.00
Director
$0 $0 $0
RILEY SMITH DIRECTOR 1.00
Director
$0 $0 $0
KURT STRANBERG PRESIDENT 1.00
Officer Director
$0 $0 $0
BRENT WOLD DIRECTOR 1.00
Director
$0 $0 $0
DENNIS WOLD DIRECTOR 1.00
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
2024 $236,753 $222,900 $953,708 $13,853
2023 $275,971 $225,053 $969,547 $50,918
2022 $457,720 $207,790 $622,442 $249,930
2021 $225,142 $138,748 $348,594 $86,394
2020 $133,388 $52,651 $263,728 $80,737
2019 $163,147 $174,648 $183,337 $-11,501
2018 $207,113 $190,223 $202,797 $16,890
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