Washington Cnty Agricultural Socie… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

Doris Ostertag

Tax Period

2023-10-01 to 2024-09-30

Washington Cnty Agricultural Society, founded in 1998, is a small nonprofit in the Recreation & Sports sector that reported $770K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $1.6M represent 26 months of operating reserves.

Mission

Conduct an annual county fair and provide facilities for nonprofit organizations.

Program Service Accomplishments

Program 1

Expenses: $521,314

Conduct annual county fair for five days in late July/early August to exhibit and promote agricultureal, horticultural, mechanical industrial, and other products of Washington County, including...

Conduct annual county fair for five days in late July/early August to exhibit and promote agricultureal, horticultural, mechanical industrial, and other products of Washington County, including exhibits of the arts and science, and other public exhibitions pertinent to expositions of human art, industry, and skill and usual to county agricultural fairs.

Program 2

Expenses: $226,073

Provide public facilities for 4-H activities, youth soccer, horse shows, Hmong and other ethnic groups, local government groups, various agriculture related organizations, and other nonprofit...

Provide public facilities for 4-H activities, youth soccer, horse shows, Hmong and other ethnic groups, local government groups, various agriculture related organizations, and other nonprofit organizations.

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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 $24,242

Program Service Revenue $789,165

Investment Income $-3,496

Other Revenue $-39,750

TOTAL REVENUE $770,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,230

Fundraising Expenses $0

Program Expenses $747,387

Other Expenses $676,771

TOTAL EXPENSES $812,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$770,161	$813,536	-0.1%
Expenses	$812,001	$693,675	+0.2%
Net Income	$-41,840	$119,861	-1.3%

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

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

$70,466

Total Directors

$18,588

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doris Ostertag	TreasurerFair Manager	34.00	Officer	$40,863	$0	$40,863
Richie Springborn	Director at Large	8.00	Officer	$7,256	$0	$7,256
Kim Salitros	Secretary	4.00	Officer	$6,985	$0	$6,985
Beth Springborn	Director	9.00	Director	$6,953	$0	$6,953
Phyllis Wirth	President	5.00	Officer	$5,370	$0	$5,370
Kathy Kohns	Director	5.00	Director	$4,980	$0	$4,980
Tony Otley	Director	1.00	Director	$4,875	$0	$4,875
Amy Delaney	Vice President	5.00	Officer	$4,325	$0	$4,325
Sue Kubiak	Director at Large	4.00	Officer	$2,670	$0	$2,670
Leann Peuse	Director at Large	2.00	Officer	$2,247	$0	$2,247
Becky Jensen	Director	2.00	Director	$1,780	$0	$1,780
Kevin Brown	Director at Large	2.00	Officer	$750	$0	$750
Tammy Lewis	Director	1.00	Director	$0	$0	$0
Eileen Tank	Director	1.00	Director	$0	$0	$0
Ben Thurmes	Director	1.00	Director	$0	$0	$0
Corey Kronus	Director	1.00	Director	$0	$0	$0
John Rheinberger	Director	1.00	Director	$0	$0	$0
Margot Rheinberger	Director	1.00	Director	$0	$0	$0
Greta Tank	Director	1.00	Director	$0	$0	$0
Rex Kent	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	$770,161	$812,001	$2,111,196	$-41,840
2023	$813,536	$693,675	$1,712,896	$119,861
2022	$617,116	$541,248	$2,227,122	$75,868
2021	$560,357	$511,632	$1,607,375	$48,725
2020	$111,613	$173,987	$1,623,132	$-62,374

Washington Cnty Agricultural Society