Pennington County Fair Association (EIN 410879455) - 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

1962

Legal Domicile

Principal Officer

Ray Safranski

Phone

2186814287

Tax Period

2023-10-01 to 2024-09-30

Pennington County Fair Association, founded in 1962, is a small nonprofit that reported $620K in total revenue in fiscal year 2023. Expenses of $586K left a modest 5% surplus.

Mission

Operation of a county fair

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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 $53,937

Program Service Revenue $556,901

Investment Income $9,038

Other Revenue $0

TOTAL REVENUE $619,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,837

Fundraising Expenses $0

Program Expenses $586,107

Other Expenses $568,270

TOTAL EXPENSES $586,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$619,876	$587,561	+0.1%
Expenses	$586,107	$526,079	+0.1%
Net Income	$33,769	$61,482	-0.5%

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

Volunteers

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

$2,400

Total Directors

$2,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Floyd Erickson	Past President	5.00	Officer Director	$0	$400	$400
Ray Safranski	Treasurer	5.00	Officer Director	$0	$400	$400
Mike Sorteberg	Vice President	5.00	Officer Director	$0	$400	$400
Miranda Carlson	President	5.00	Officer Director	$0	$400	$400
Roger Gonsorowski	Secretary	5.00	Officer Director	$0	$400	$400
Steven Dahlen	Vice President	5.00	Officer Director	$0	$400	$400

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	$619,876	$586,107	$999,845	$33,769
2023	$587,561	$526,079	$918,631	$61,482
2022	$591,013	$517,665	$844,322	$73,348
2021	$344,477	$282,333	$770,974	$62,144
2020	$80,893	$97,839	$708,830	$-16,946
2019	$501,538	$438,003	$725,776	$63,535

Pennington County Fair Association