NORTH IOWA FAIR ASSOCIATION (EIN 420441660) - 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

1940

Legal Domicile

Principal Officer

JADE SCHURTZ

Phone

6414233811

Tax Period

2024-10-01 to 2025-09-30

NORTH IOWA FAIR ASSOCIATION, founded in 1940, is a small nonprofit in the Recreation & Sports sector that reported $805K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $178K, a strong 22% operating margin.

Mission

TO PRODUCE THE ANNUAL FAIR, INCORPORATE YOUTH SHOWS AND AGRICULTURE ALONG WITH EDUCATIONAL, COMPETITIVE AND RECREATIONAL OPPORTUNITIES FOR THE COUNTY WE REPRESENT.

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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 $344,284

Program Service Revenue $446,698

Investment Income $61

Other Revenue $13,889

TOTAL REVENUE $804,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,805

Fundraising Expenses $7,618

Program Expenses $586,833

Other Expenses $480,203

TOTAL EXPENSES $627,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$804,932	$1,373,218	-0.4%
Expenses	$627,008	$700,423	-0.1%
Net Income	$177,924	$672,795	-0.7%

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

300

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
JADE SCHURTZ	PRESIDENT	2.50	Officer Director	$0	$0	$0
CATHY LUETT	VICE PRESIDE	2.50	Officer Director	$0	$0	$0
LAUREN ARNOLD	SECRETARY	2.50	Officer Director	$0	$0	$0
BARBARA WOOD	DIRECTOR	2.50	Director	$0	$0	$0
LINDSEY JAMES	DIRECTOR	2.50	Director	$0	$0	$0
PAUL DONNELLY	DIRECTOR	2.50	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	$804,932	$627,008	$1,598,077	$177,924
2024	No data	No data	No data	No data
2023	$671,960	$682,687	$748,083	$-10,727
2022	$491,239	$616,627	$790,684	$-125,388
2021	$671,549	$508,168	$917,104	$163,381
2020	$378,266	$383,098	$760,766	$-4,832
2019	$526,218	$639,298	$772,387	$-113,080
2018	$813,191	$752,150	$906,928	$61,041

NORTH IOWA FAIR ASSOCIATION