MARTIN COUNTY FAIR

EIN: 412017823 501(c)(3) Recreation & Sports

FAIRMONT, MN

Total Revenue
$585,418
Total Expenses
$527,523
Total Assets
$1,551,313
Net Assets
$1,502,237
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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
2000
Legal Domicile
MN
Principal Officer
ROBERT STROMBERG
Phone
5072359576
Tax Period
2024-10-01 to 2025-09-30

MARTIN COUNTY FAIR, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $585K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $528K left a modest 10% surplus.

Mission

SPONSORING ANNUAL COUNTY FAIR AND PROVIDE VENUE FOR 4-H AND OTHER AGRICULTERAL EXHIBITORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $172,810
Program Service Revenue $224,820
Investment Income $36,787
Other Revenue $151,001
TOTAL REVENUE $585,418

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,502
Fundraising Expenses $0
Program Expenses $527,523
Other Expenses $487,021
TOTAL EXPENSES $527,523

Year-over-Year Comparison

2024 2023 Change
Revenue $585,418 $532,990 +0.1%
Expenses $527,523 $496,728 +0.1%
Net Income $57,895 $36,262 +0.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
47
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
4
$3,560
Total Directors
11
$9,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA STROMBERG SECRETARY N/A
Officer
$920 $0 $920
RANDY DELING BOARD MEMEBE N/A
Director
$940 $0 $940
STEVE POMERENKE VICE PRESIDE N/A
Officer
$880 $0 $880
ROBBIN CELANDER BOARD MEMBER N/A
Officer
$900 $0 $900
DAN THATE BOARD MEMBER N/A
Director
$920 $0 $920
JARED POMERENKE BOARD MEMBER N/A
Director
$860 $0 $860
ROBERT STROMBERG PRESIDENT N/A
Director
$800 $0 $800
MIKE SALIC JR TREASURER N/A
Officer
$860 $0 $860
BRAD SHERMAN BOARD MEMBER N/A
Director
$920 $0 $920
TRACY MURPHY BOARD MEMBER N/A
Director
$920 $0 $920
TIM WEGENER BOARD MEMBER N/A
Director
$820 $0 $820
NATE AMBORN BOARD MEMBER N/A
Director
$920 $0 $920
JAKE SHOEN BOARD MEMBER N/A
Director
$700 $0 $700
TREVOR EISENMENGER BOARD MEMBER N/A
Director
$700 $0 $700
JESSE MURPHY BOARD MEMBER N/A
Director
$700 $0 $700
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 $585,418 $527,523 $1,551,313 $57,895
2024 $532,990 $496,728 $1,514,739 $36,262
2023 $540,736 $499,486 $1,465,495 $41,250
2022 $597,204 $414,778 $1,361,593 $182,426
2021 $493,706 $444,486 $1,198,765 $49,220
2020 $119,565 $156,141 $1,125,741 $-36,576
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