WILLMAR FESTS INC (EIN 411653995) - 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

1970

Legal Domicile

Principal Officer

CATHY FAGERSTROM

Phone

3202140433

Tax Period

2024-01-01 to 2024-12-31

WILLMAR FESTS INC, founded in 1970, is a small nonprofit that reported $138K in total revenue in fiscal year 2024.

Mission

PROMOTE THE CITY FESTIVAL FOR THE CITY OF WILLMAR, PROMOTING THE CITY OF WILLMAR BY VISITING OTHER CITY EVENTS AND PROMOTING COMMUNITY INVOLVEMENT

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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 (2024)

Revenue Breakdown

Contributions & Grants $137,963

Program Service Revenue $0

Investment Income $73

Other Revenue $0

TOTAL REVENUE $138,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,584

Other Expenses $150,685

TOTAL EXPENSES $150,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,036	$131,796	+0.0%
Expenses	$150,685	$140,460	+0.1%
Net Income	$-12,649	$-8,664	+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

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
JON SCHMIDT	DIRECTOR	002.00	Director	$0	$0	$0
JAMES MILLER	DIRECTOR	002.00	Director	$0	$0	$0
BETH FISCHER	LIASON	002.00	Director	$0	$0	$0
MORGAN BROBERG	DIRECTOR	002.00	Director	$0	$0	$0
CARLI HEDTKE	DIRECTOR	002.00	Director	$0	$0	$0
BRIANNA GIMSE	VICE PRESIDENT	002.00	Officer	$0	$0	$0
HANNAH BLANCHETTE	SECRETARY	002.00	Officer	$0	$0	$0
CATHY FAGERSTROM DODDS	TREASURER	002.00	Officer	$0	$0	$0
CHRIS RADEL	PRESIDENT	002.00	Officer	$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	$138,036	$150,685	$101,852	$-12,649
2023	$131,796	$140,460	$123,873	$-8,664
2022	$152,779	$126,333	$116,144	$26,446
2021	$144,839	$141,262	$106,007	$3,577
2020	$40,801	$26,779	$151,433	$14,022
2019	$118,987	$122,820	$91,640	$-3,833
2018	$116,159	$111,805	$113,665	$4,354

WILLMAR FESTS INC