DAKOTA COUNTY AGRICULTURAL SOCIETY INC

EIN: 410997724 501(c)(3) Food, Agriculture & Nutrition

FARMINGTON, MN

Total Revenue
$1,460,926
Total Expenses
$1,655,613
Total Assets
$3,155,713
Net Assets
$3,036,662
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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
1949
Legal Domicile
MN
Principal Officer
PETE STORLIE
Phone
6514636900
Tax Period
2023-10-01 to 2024-09-30

DAKOTA COUNTY AGRICULTURAL SOCIETY INC, founded in 1949, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO FOSTER EDUCATION, ENTERTAINMENT, INFORMATION AND ACHIEVEMENT FOR PEOPLE OF ALL AGES IN AGRICULTURE.

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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 $252,601
Program Service Revenue $906,713
Investment Income $0
Other Revenue $301,612
TOTAL REVENUE $1,460,926

Expense Breakdown

Grants Paid $0
Salaries & Benefits $418,372
Fundraising Expenses $0
Program Expenses $1,351,645
Other Expenses $1,237,241
TOTAL EXPENSES $1,655,613

Year-over-Year Comparison

2023 2022 Change
Revenue $1,460,926 $1,487,322 0.0%
Expenses $1,655,613 $1,308,156 +0.3%
Net Income $-194,687 $179,166 -2.1%
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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Governance

Voting Members
13
Independent Members
13
Employees
215
Volunteers
45

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
$9,640
Total Directors
13
$22,440
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETE STORLIE PRESIDENT 2.00
Officer Director
$2,965 $0 $2,965
NEIL DEPLAZES VICE PRESIDENT 2.00
Officer Director
$1,930 $0 $1,930
ASHLYN OTTO SECRETARY 2.00
Officer Director
$2,625 $0 $2,625
JOHN HUBENER TREASURER 2.00
Officer Director
$2,120 $0 $2,120
ED BARRETT DIRECTOR 2.00
Director
$2,035 $0 $2,035
SARAH HALLCOCK DIRECTOR 2.00
Director
$1,750 $0 $1,750
JIM HERGET DIRECTOR 2.00
Director
$0 $0 $0
MARK LANGER DIRECTOR 2.00
Director
$730 $0 $730
JIM NOREAULT DIRECTOR 2.00
Director
$0 $0 $0
MARJORY SNYDER DIRECTOR 2.00
Director
$2,565 $0 $2,565
ARIANA SOREM DIRECTOR 2.00
Director
$2,545 $0 $2,545
MELANIE STORLIE DIRECTOR 2.00
Director
$2,265 $0 $2,265
JEFF WRIGHT DIRECTOR 2.00
Director
$910 $0 $910
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 $1,460,926 $1,655,613 $3,155,713 $-194,687
2023 $1,487,322 $1,308,156 $3,271,883 $179,166
2022 $1,300,502 $1,167,560 $2,882,930 $132,942
2022 $1,501,789 $1,155,671 $3,096,106 $346,118
2021 $1,335,916 $942,346 $2,769,180 $393,570
2020 $466,694 $521,711 $2,460,385 $-55,017
2019 $1,310,133 $1,269,779 $2,447,200 $40,354
2018 $1,356,173 $1,153,070 $2,369,887 $203,103
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