MARTIN COUNTY FAIR

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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

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.

Program Service Accomplishments

Program 1

OPERATIONS OF STORAGE RENTAL SO THERE CONTINUES TO BE ACTIVITY AT THE FAIR GROUNDS AND THE BUILDINGS GET USED. THE INCOME IS USED TO IMPROVE THE FAIR GROUNDS AND BUILDINGS TO KEEP THE FAIR A GREAT...

OPERATIONS OF STORAGE RENTAL SO THERE CONTINUES TO BE ACTIVITY AT THE FAIR GROUNDS AND THE BUILDINGS GET USED. THE INCOME IS USED TO IMPROVE THE FAIR GROUNDS AND BUILDINGS TO KEEP THE FAIR A GREAT ATTRACTION FOR MARTIN COUNTY.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$3,560

Total Directors

$9,200

Key Employees

Highest Compensated

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