FORT MADISON RODEO CORPORATION (EIN 420658297) - 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

1947

Legal Domicile

Principal Officer

CHUCK KEMPKER

Phone

3193722550

Tax Period

2024-11-01 to 2025-10-31

FORT MADISON RODEO CORPORATION, founded in 1947, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $427K, a strong 17% operating margin.

Mission

PROMOTING AND IMPROVING THE GENERAL WELFARE OF THE CITIZENS OF FORT MADISON, IOWA AND ITS IMMEDIATE VICINITY.

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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 $0

Program Service Revenue $2,406,897

Investment Income $51,838

Other Revenue $0

TOTAL REVENUE $2,458,735

Expense Breakdown

Grants Paid $29,676

Salaries & Benefits $32,218

Fundraising Expenses $0

Program Expenses $2,026,438

Other Expenses $1,970,145

TOTAL EXPENSES $2,032,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,458,735	$1,968,777	+0.2%
Expenses	$2,032,039	$1,399,503	+0.5%
Net Income	$426,696	$569,274	-0.3%

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

Volunteers

N/A

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

$19,448

Total Directors

$3,930

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONI GRABER	TREASURER	25.00	Officer	$19,448	$0	$19,448
GARY MEAD	DIRECTOR	8.00	Director	$3,930	$0	$3,930
MIKE CULBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
MINDY GOLDIE	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY HOLTKAMP	DIRECTOR	1.00	Director	$0	$0	$0
TONY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSH DENNING	VICE PRESIDE	2.00	Officer	$0	$0	$0
ROBERT HUFFMAN	SECRETARY	2.00	Officer	$0	$0	$0
CHUCK KEMPKER	PRESIDENT	2.00	Officer	$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	$2,458,735	$2,032,039	$3,868,015	$426,696
2024	$1,968,777	$1,399,503	$3,442,063	$569,274
2023	$2,072,078	$1,533,673	$2,886,017	$538,405
2022	$1,732,703	$1,217,279	$2,928,412	$515,424
2021	$1,322,191	$911,426	$1,926,637	$410,765
2020	$111,291	$241,113	$1,458,784	$-129,822
2019	$1,149,736	$962,888	$1,543,841	$186,848

FORT MADISON RODEO CORPORATION