CANNON VALLEY FAIR ASSOCIATION INC

EIN: 416037285

CANNON FALLS, MN

Total Revenue
$249,019
Total Expenses
$306,610
Total Assets
$441,306
Net Assets
$441,306
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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
1915
Legal Domicile
MN
Principal Officer
GREG KURTZ
Phone
5072633548
Tax Period
2024-10-01 to 2025-09-30

CANNON VALLEY FAIR ASSOCIATION INC, founded in 1915, is a small nonprofit that reported $249K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $307K exceeded revenue, resulting in a 23% operating deficit.

Mission

CONDUCT FAIR, 4-H AND FFA EVENTS

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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 $58,216
Program Service Revenue $156,688
Investment Income $4,122
Other Revenue $29,993
TOTAL REVENUE $249,019

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $305,110
TOTAL EXPENSES $306,610

Year-over-Year Comparison

2024 2023 Change
Revenue $249,019 $276,847 -0.1%
Expenses $306,610 $273,798 +0.1%
Net Income $-57,591 $3,049 -19.9%
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
20
Independent Members
20
Employees
N/A
Volunteers
125

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
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG KURTZ Director 3.00
Director
$0 $0 $0
SHANNON NORSTAD Director 3.00
Director
$0 $0 $0
BETTY DICKE Secretary 3.00
Officer Director
$0 $0 $0
ROBIN STEWART Director 3.00
Director
$0 $0 $0
MATT NORSTAD Director 3.00
Director
$0 $0 $0
JOHN DIBBLE Director 3.00
Director
$0 $0 $0
FERLIN MILLER President 3.00
Officer Director
$0 $0 $0
RODNEY BRAATZ Vice President 3.00
Director
$0 $0 $0
MATT MELHOUSE Director 3.00
Director
$0 $0 $0
BRADY BRATZ Director 3.00
Director
$0 $0 $0
STACY KURTZ Director 3.00
Officer Director
$0 $0 $0
JOEL ERICKSON Director 3.00
Director
$0 $0 $0
BAILEY BRAATZ Director 3.00
Director
$0 $0 $0
TONYIA NELSON Director 3.00
Director
$0 $0 $0
NANCY HOVEL Director 3.00
Director
$0 $0 $0
ANDREA DOLAN Treasurer 3.00
Officer Director
$0 $0 $0
MARY LORENTZ Director 3.00
Director
$0 $0 $0
DICK DANIELS Director 3.00
Director
$0 $0 $0
BILL HEINLEIN Director 3.00
Director
$0 $0 $0
RAY RAPP Director 3.00
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 $249,019 $306,610 $441,306 $-57,591
2024 $276,847 $273,798 $498,897 $3,049
2023 $281,073 $263,750 $495,848 $17,323
2022 $277,715 $229,602 $478,525 $48,113
2021 $257,583 $210,389 $430,412 $47,194
2019 $203,489 $230,762 $386,590 $-27,273
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