MISSISSIPPI VALLEY FAIR INC

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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

1954

Legal Domicile

Principal Officer

ROGER FRIEDERICHS

Phone

5633265338

Tax Period

2024-01-01 to 2024-12-31

MISSISSIPPI VALLEY FAIR INC, founded in 1954, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Net assets of $15.6M represent 35 months of operating reserves.

Mission

TO OPERATE THE ANNUAL FAIR AND PROVIDE FACILITIES FOR OTHER EVENTS THROUGHOUT THE YEAR.

Program Service Accomplishments

Program 1

Expenses: $4,888,685 Revenue: $3,135,507

ANNUALLY, THE ORGANIZATION PROVIDES AN AGRICULTURAL FAIR FOR SCOTT COUNTY, WITH ABOUT 300,000 PERSONS ATTENDING.

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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 $714,375

Program Service Revenue $2,681,224

Investment Income $345,834

Other Revenue $1,648,524

TOTAL REVENUE $5,389,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,245,971

Fundraising Expenses $0

Program Expenses $4,888,685

Other Expenses $4,427,265

TOTAL EXPENSES $5,673,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,389,957	$6,169,336	-0.1%
Expenses	$5,673,236	$5,164,072	+0.1%
Net Income	$-283,279	$1,005,264	-1.3%

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

261

Volunteers

200

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

$158,535

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BERGER	DIRECTOR	1.00	Director	$0	$0	$0
JON LAFRENZ	DIRECTOR	1.00	Director	$0	$0	$0
ROGER FRIEDERICHS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN BERNICK	DIRECTOR	1.00	Director	$0	$0	$0
FRED CLASSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF CLAUSSEN	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD COUSSENS	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR FENNELLY	DIRECTOR	1.00	Director	$0	$0	$0
DENISE HOLLONBECK	TREASURER	1.00	Officer Director	$0	$0	$0
KARLA LARSON	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY MOSES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PAUSTIAN	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROGER SCHEMMEL	DIRECTOR	1.00	Director	$0	$0	$0
AMBER GRIPPLE	DIRECTOR	1.00	Director	$0	$0	$0
CARTER HAGEN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE SCHOCKER	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN LOTER	GENERAL MANAGER	40.00	Key Emp	$151,388	$7,147	$158,535

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	$5,389,957	$5,673,236	$15,738,967	$-283,279
2023	$6,169,336	$5,164,072	$16,012,881	$1,005,264
2022	$7,017,311	$4,623,761	$15,115,405	$2,393,550
2022	$410,605	$570,370	$15,203,975	$-159,765
2021	$5,568,148	$4,432,362	$12,760,304	$1,135,786
2020	$1,053,598	$1,405,537	$11,652,103	$-351,939
2019	$4,925,860	$4,155,987	$12,188,026	$769,873
2018	$3,496,062	$3,221,058	$11,375,113	$275,004