HOWARD COUNTY AGRICULTURAL SOCIETY (EIN 420320324) - 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

1924

Legal Domicile

Principal Officer

TOM BARNES

Phone

5635474996

Tax Period

2023-10-01 to 2024-09-30

HOWARD COUNTY AGRICULTURAL SOCIETY, founded in 1924, is a small nonprofit that reported $823K in total revenue in fiscal year 2023. The organization ran a surplus of $175K, a strong 21% operating margin.

Mission

Parent organization and owner of the Howard County Iowa fairgrounds and is charged with overseeing all activities on the fairgrounds, including the annual county fair

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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 (2023)

Revenue Breakdown

Contributions & Grants $154,725

Program Service Revenue $664,183

Investment Income $4,475

Other Revenue $0

TOTAL REVENUE $823,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282

Fundraising Expenses $0

Program Expenses $648,820

Other Expenses $648,538

TOTAL EXPENSES $648,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$823,383	$794,088	+0.0%
Expenses	$648,820	$666,012	0.0%
Net Income	$174,563	$128,076	+0.4%

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
HEATHER SLIFKA	DIRECTOR	2.00	Director	$0	$0	$0
MIKE WALTON	PRESIDENT	5.00	Director	$0	$0	$0
JIM IRVIN	DIRECTOR	10.00	Director	$0	$0	$0
DAN OLLENDICK	TREASURER	5.00	Director	$0	$0	$0
TOM BARNES	EXECUTIVE SECRETARY	10.00	Director	$0	$0	$0
DARREL ANDERA	FIRST VICE PRESIDENT	2.00	Director	$0	$0	$0
CAROL BURNIKEL	DIRECTOR	2.00	Director	$0	$0	$0
MIKE DOTZLER	DIRECTOR	2.00	Director	$0	$0	$0
BECKY DUNN	DIRECTOR	2.00	Director	$0	$0	$0
CORY FERRIE	DIRECTOR	2.00	Director	$0	$0	$0
DON FERRIE	DIRECTOR	2.00	Director	$0	$0	$0
BRAD HOLTEN	SECOND VICE PRESIDENT	2.00	Director	$0	$0	$0
BRENT HOLTEN	DIRECTOR	2.00	Director	$0	$0	$0
TIM HUHE	DIRECTOR	2.00	Director	$0	$0	$0
DEAN LICKTEIG	DIRECTOR	2.00	Director	$0	$0	$0
BILL MAHR	DIRECTOR	2.00	Director	$0	$0	$0
SUZANNE OLLENDICK	DIRECTOR	2.00	Director	$0	$0	$0
LES OPAT	DIRECTOR	2.00	Director	$0	$0	$0
PAUL SOBOLIK	DIRECTOR	2.00	Director	$0	$0	$0
KENNY DOTZLER	DIRECTOR	2.00	Director	$0	$0	$0
JOE WACHA	DIRECTOR	2.00	Director	$0	$0	$0
KENNIE WALLER	DIRECTOR	2.00	Director	$0	$0	$0
TIM WALTON	DIRECTOR	2.00	Director	$0	$0	$0
ERIC CAROLAN	DIRECTOR	2.00	Director	$0	$0	$0
JULIE DIETZENBACH	DIRECTOR	2.00	Director	$0	$0	$0
JANICE OLLENDICK	DIRECTOR	2.00	Director	$0	$0	$0
TIM WALTON	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$823,383	$648,820	$7,470,934	$174,563
2023	$794,088	$666,012	$7,301,240	$128,076
2022	$694,757	$594,451	$7,190,815	$100,306
2021	$707,700	$499,271	$6,257,935	$208,429
2020	$152,693	$95,409	$6,057,263	$57,284
2019	$655,399	$449,055	$6,014,920	$206,344

HOWARD COUNTY AGRICULTURAL SOCIETY