Mille Lacs County Agricultural Soc… - 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

1891

Legal Domicile

Principal Officer

Michele McPherson

Phone

7633893138

Tax Period

2025-01-01 to 2025-12-31

Mille Lacs County Agricultural Society, founded in 1891, is a small nonprofit in the Recreation & Sports sector that reported $361K in total revenue in fiscal year 2025. Expenses of $314K left a modest 13% surplus.

Mission

THE ORGANIZATION OPERATES UNDER AN ELECTED BOARD AND PROVIDES SUCH SERVICES NECESSARY TO CONDUCT THE ANNUAL MILLE LACS COUNTY FAIR

Program Service Accomplishments

Program 1

Expenses: $266,991 Revenue: $360,909

THE ORGANIZATION OPERATES UNDER AN ELECTED BOARD AND PROVIDES SUCH SERVICES NECESSARY TO CONDUCT THE ANNUAL MILLE LACS COUNTY FAIR ALONG WITH OTHER COMMUNITY EVENTS DURING THE YEAR.

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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 (2025)

Revenue Breakdown

Contributions & Grants $78,216

Program Service Revenue $200,908

Investment Income $0

Other Revenue $81,775

TOTAL REVENUE $360,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,000

Fundraising Expenses $15,421

Program Expenses $266,991

Other Expenses $311,503

TOTAL EXPENSES $313,503

Year-over-Year Comparison

	2025	2024	Change
Revenue	$360,899	$342,208	+0.1%
Expenses	$313,503	$276,954	+0.1%
Net Income	$47,396	$65,254	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA POLIPNICK	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LEHR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES DEHN	DIRECTOR	2.00	Director	$0	$0	$0
LAURA STOBB	DIRECTOR	2.00	Director	$0	$0	$0
MARTY GRIMM	TREASURER	5.00	Officer Director	$0	$0	$0
MICHELE MCPHERSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
PATRICK SHAW	DIRECTOR	2.00	Director	$0	$0	$0
RANDY HATCH	DIRECTOR	2.00	Director	$0	$0	$0
TANA HAUGEN-BROWN	DIRECTOR	2.00	Director	$0	$0	$0
TOM GRAMS	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA BRAUN	SECRETARY	5.00	Officer 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
2025	$360,899	$313,503	$552,593	$47,396
2024	$342,208	$276,954	$510,518	$65,254
2023	$323,344	$275,965	$385,468	$47,379
2022	$278,707	$241,692	$303,651	$37,015
2021	$263,377	$246,023	$256,503	$17,354

Mille Lacs County Agricultural Society