FAIR & EXPOSITION SOCIETY OF JONES… - 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

1986

Legal Domicile

Phone

3194653275

Tax Period

2024-01-01 to 2024-09-30

FAIR & EXPOSITION SOCIETY OF JONES COUNTY, founded in 1986, is a community nonprofit in the Recreation & Sports sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 33% operating deficit.

Mission

COUNTY FAIR - TO ORGANIZE AND CONDUCT THE GREAT JONES COUNTY FAIR HELD ANNUALLY IN MONTICELLO IA. APPROXIMATELY 100,000 PEOPLE ATTEND AND PARTICIPATE.

Program Service Accomplishments

Program 1

Expenses: $4,046,935 Revenue: $3,016,053

COUNTY FAIR - ORGANIZE AND CONDUCT THE GREAT JONES COUNTY FAIR HELD ANNUALLY IN MONTICELLO IA. APPROXIMATELY 100,000 PEOPLE ATTEND AND PARTICIPATE.

Program 2

Revenue: $27,118

FACILITATE COMMUNITY ENGAGEMENT IN 4H AND FFA THROUGH HOSTING EVENTS ON FAIR GROUNDS

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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 $138,018

Program Service Revenue $2,905,155

Investment Income $84,959

Other Revenue $0

TOTAL REVENUE $3,128,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,876

Fundraising Expenses $0

Program Expenses $4,046,935

Other Expenses $3,970,413

TOTAL EXPENSES $4,148,289

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,128,132	$4,602,408	-0.3%
Expenses	$4,148,289	$3,221,450	+0.3%
Net Income	$-1,020,157	$1,380,958	-1.7%

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

178

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

$32,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCAS GOBELI	GENERAL MANAGER	20.00	Key Emp	$32,400	$0	$32,400
QUINTON MONK	BOARD MEMBER	1.00	Director	$0	$0	$0
LOWELL TIEDT	BOARD MEMBER	1.00	Director	$0	$0	$0
KATRINA RIX	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE HARDERSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM YEOMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD BARKEMA	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH BORST	BOARD MEMBER	0.00	Director	$0	$0	$0
JOHN CARLSON	BOARD MEMBER	0.00	Director	$0	$0	$0
GRACE CARPENTER	BOARD MEMBER	0.00	Director	$0	$0	$0
ADAM DECKER	BOARD MEMBER	0.00	Director	$0	$0	$0
CINDY DIRKS	BOARD MEMBER	0.00	Director	$0	$0	$0
JEFF HINZ	BOARD MEMBER	0.00	Director	$0	$0	$0
DARIN SIEBELS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK RECKER	TREASURER	1.00	Officer	$0	$0	$0
BEN CAPRON	CHAIR	0.00	Officer	$0	$0	$0
JANI TELLEEN	SECRETARY	0.00	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	No data	No data	No data	No data
2024	$3,128,132	$4,148,289	$6,276,142	$-1,020,157
2023	$4,602,408	$3,221,450	$7,300,628	$1,380,958
2022	$2,707,529	$2,299,026	$6,068,792	$408,503
2021	$5,307,608	$3,499,776	$5,659,527	$1,807,832
2020	$238,244	$1,094,023	$3,877,730	$-855,779
2019	$3,070,287	$4,148,741	$4,429,572	$-1,078,454
2018	$4,751,246	$4,024,095	$5,481,844	$727,151

FAIR & EXPOSITION SOCIETY OF JONES COUNTY