WINNESHIEK COUNTY AGRICULTURAL ASS… - Form 990 Financial Data

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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

1918

Legal Domicile

Phone

5634191902

Tax Period

2024-10-01 to 2025-09-30

WINNESHIEK COUNTY AGRICULTURAL ASSOCIATION, founded in 1918, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $582K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO PROVIDE THE ANNUAL, FREE WINNESHIEK COUNTY FAIR, TO ADVANCE THE INTERESTS OF ANIMAL HUSBANDRY, AGRICULTURE, HORTICULTURE & FLORICULTURE, TO IMPROVE & ENCOURAGE BREEDING OF FINE STOCK, AND TO STIMULATE THE STUDY OF ARTS & SCIENCES, ESPECIALLY FOR YOUTHS & YOUNG ADULTS, PROVIDING THE FACILITIES & EVENTS TO EXHIBIT THE PRODUCTS & RESULTS OF THESES EDUCATIONAL AND SCIENTIFIC PROJECTS, AS WELL AS ART & CRAFT PROJECTS AND THE PERFORMING ARTS.

Program Service Accomplishments

Program 1

Expenses: $504,349

ANNUAL ATTENDANCE AT THE FAIRS REGULARLY EXCEEDS TOTAL POPULATION OF COUNTY, USUALLY BY 50% MORE; AN ESTIMATED 38,500 ATTENDESS USUALLY COME TO SEE THE LIVESTOCK ENTRIES AND EXHIBITS FROM EVERY 4-H AND FFA ORGANIZATION IN THE COUNTY, PLUS ALL HIGH SCHOOLS AND MOST NON-PROFIT CHARITABLE ORGANIZATIONS; EACH YEAR HAS INCLUDED SPONSORSHIP OF THE ANNUAL BILL RILEY STATE FAIR TALENT SEARCH THAT INCLUDED BOTH SPROUT & SENIOR DIVISION ENTRANTS FROM AGES 2 TO 22.

Program 2

Expenses: $68,190

HOSTING WEEKLY SUMMER STOCK CAR RACES FOR RESIDENTS OF WINNESHIEK COUNTY ALONG WITH RODEO AND TRACTOR PULL.

Program 3

Expenses: $1,682

FAIRGROUNDS FACILITIES EVENTS THAT TYPICALLY OCCUR IN THE YEAR INCLUDE FFA BANQUET, IOWA DRIFTLESS BANQUET, COMMUNITY FARMERS MARKET, DECORAH AREA CHAMBER OF COMEMERCE AG COMMITTEE MEETINGS AND...

FAIRGROUNDS FACILITIES EVENTS THAT TYPICALLY OCCUR IN THE YEAR INCLUDE FFA BANQUET, IOWA DRIFTLESS BANQUET, COMMUNITY FARMERS MARKET, DECORAH AREA CHAMBER OF COMEMERCE AG COMMITTEE MEETINGS AND WOMENS WEEKEND OUT EVENT, REGIONAL FIRE DEPARTMENTS BENEFIT RODEO, UPPER IOWA TRAINING CLUB SESSION, NE IOWA COMMUNITY ACTION TRAINING SESSIONS, WINTER STORAGE FOR COUNTY RESIDENTS, LUTHER COLLEGE, NORDIC FEST AND ALLIANT ENERGY.

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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 $128,444

Program Service Revenue $452,575

Investment Income $1,234

Other Revenue $0

TOTAL REVENUE $582,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,192

Fundraising Expenses $1,436

Program Expenses $574,221

Other Expenses $611,861

TOTAL EXPENSES $618,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$582,253	$660,699	-0.1%
Expenses	$618,053	$636,552	0.0%
Net Income	$-35,800	$24,147	-2.5%

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
GARY SCHUTTE	Vice President	3.00	Officer Director	$0	$0	$0
MARK KNUTSON	Director	3.00	Director	$0	$0	$0
RON HEMESATH	Secretary	5.00	Officer Director	$0	$0	$0
JOHN SCHNITZLER	Director	3.00	Director	$0	$0	$0
ARLIN FRANZEN	Director	5.00	Officer Director	$0	$0	$0
GORDY TANGEN	Director	3.00	Director	$0	$0	$0
ZACH KERNDT	Director	3.00	Director	$0	$0	$0
MARK STEFFENS	President	5.00	Director	$0	$0	$0
RUTH HAGEMAN	Director	3.00	Director	$0	$0	$0
SANDRA LIEN	Foundation Mgr.	5.00	Director	$0	$0	$0
MICHELLE BRINCKS	Director	3.00	Director	$0	$0	$0
TERRANCE LUNDEEN	Director	3.00	Director	$0	$0	$0
JOE HENNING	Director	3.00	Director	$0	$0	$0
MAKAYLA HAGEMAN	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	$582,253	$618,053	$2,176,504	$-35,800
2024	$660,699	$636,552	$1,746,602	$24,147
2023	$563,931	$731,662	$1,785,923	$-167,731
2022	$625,103	$519,900	$2,018,049	$105,203
2021	$914,263	$394,431	$1,713,998	$519,832
2020	$70,672	$137,058	$868,511	$-66,386
2019	$408,036	$362,458	$868,768	$45,578
2018	$400,704	$337,250	$874,114	$63,454

WINNESHIEK COUNTY AGRICULTURAL ASSOCIATION