LYON COUNTY FAIR ASSOCIATION (EIN 421087882) - 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

1990

Legal Domicile

Principal Officer

WESLEY DE GROOT

Tax Period

2023-11-01 to 2024-10-31

LYON COUNTY FAIR ASSOCIATION, founded in 1990, is a small nonprofit in the Recreation & Sports sector that reported $290K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Net assets of $801K represent 33 months of operating reserves.

Mission

THE FAIR SERVES THE ENTIRE POPULATION OF LYON COUNTY PLUS PEOPLE FROM THE SURROUNDING COUNTIES. THE FAIR HELPS TO INSTRUCT AND TRAIN THE PUBLIC IN THE AREAS OF AGRICULTURE, HORTICULTURE, DOMESTIC MANUFACTURING, MECHANICS, HOUSEHOLD ECONOMY, RURAL PRACTICE, STOCK RAISING AND FOOD PREPARATION IN ORDER TO IMPROVE AND DEVELOP THE CAPABILITIES OF SURROUNDING CITIZENS. THE FAIR HELPS TO KEEP THE PUBLIC INFORMED ON SUBJECTS BENEFICIAL AND ESSENTIAL TO THE COMMUNITIES AND RURAL AREAS, AS WELL AS PROVIDE THE COMMUNITIES AND RURAL AREAS WITH SOME ENTERTAINMENT AND CULTURAL EVENTS.

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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 $107,453

Program Service Revenue $184,537

Investment Income $124

Other Revenue $-2,315

TOTAL REVENUE $289,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,218

Fundraising Expenses $0

Program Expenses $295,261

Other Expenses $307,130

TOTAL EXPENSES $310,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,799	$568,476	-0.5%
Expenses	$310,348	$592,488	-0.5%
Net Income	$-20,549	$-24,012	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED AGESON	Director	1.00	Director	$0	$0	$0
TRAVIS NAGEL	Director	1.00	Director	$0	$0	$0
DOUG BRINKHOUS	Director	1.00	Director	$0	$0	$0
JESSICA HARMAN	Director	1.00	Director	$0	$0	$0
STEVE HARMAN	Director	1.00	Director	$0	$0	$0
HESTER DE GROOT	Director	1.00	Director	$0	$0	$0
WESLEY DE GROOT	President	2.00	Officer Director	$0	$0	$0
JEFF HRDLICKA	Director	1.00	Director	$0	$0	$0
AMBER KELLENBERGER	Director	1.00	Director	$0	$0	$0
LAURA NACHTIGAL	Director	1.00	Director	$0	$0	$0
DESIREE RUSCH	Director	1.00	Director	$0	$0	$0
JULIE TIMMERMAN	Director	2.00	Officer Director	$0	$0	$0
HARVEY METZGER	Vice President	1.00	Officer Director	$0	$0	$0
MARY METZGER	Director	1.00	Director	$0	$0	$0
BRENT HOOGENDOORN	Director	1.00	Director	$0	$0	$0
AMANDA EBEN	Director	1.00	Director	$0	$0	$0
DIANE PETERS	Director	1.00	Director	$0	$0	$0
CORY PETERS	Director	1.00	Director	$0	$0	$0
JERRY RENS	Director	1.00	Director	$0	$0	$0
LORI RENS	Secretary	1.00	Officer Director	$0	$0	$0
LATOYA AGESON	Director	2.00	Director	$0	$0	$0
BRANDI MULDER	Director	1.00	Director	$0	$0	$0
CHERYL BLANKESPOOR	Director	1.00	Director	$0	$0	$0
NATALIE KIRCH	Director	1.00	Director	$0	$0	$0
JOEL VIS	Director	1.00	Director	$0	$0	$0
MELANIE WARNER	Treasurer	2.00	Officer Director	$0	$0	$0
RYAN WARNER	Director	1.00	Director	$0	$0	$0
JERRY HAACK	Director	1.00	Director	$0	$0	$0
AMBER BRINKHOUS	Director	2.00	Director	$0	$0	$0
CAMERON GREENFIELD	Director	0.00	Director	$0	$0	$0
MELISSA HARBERTS	Director	1.00	Director	$0	$0	$0
JAYNE GREENFIELD	Director	0.00	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
2024	$289,799	$310,348	$802,818	$-20,549
2023	$568,476	$592,488	$845,792	$-24,012
2022	$744,568	$559,919	$869,411	$184,649
2021	$628,242	$608,093	$663,180	$20,149
2020	$547,381	$543,028	$643,023	$4,353
2019	$618,793	$599,627	$639,198	$19,166
2018	$621,815	$637,035	$619,430	$-15,220

LYON COUNTY FAIR ASSOCIATION