BREMER COUNTY FAIR ASSOCIATION (EIN 421335128) - 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

Principal Officer

DANNY BULS

Phone

3194041847

Tax Period

2023-10-01 to 2024-09-30

BREMER COUNTY FAIR ASSOCIATION is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 14% surplus.

Mission

The organization's mission is to present the Bremer County Fair at a minimal cost to participants and guests.

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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 $1,138,675

Program Service Revenue $315,141

Investment Income $4

Other Revenue $0

TOTAL REVENUE $1,453,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,068

Fundraising Expenses $0

Program Expenses $1,069,569

Other Expenses $1,233,748

TOTAL EXPENSES $1,247,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,453,820	$1,427,751	+0.0%
Expenses	$1,247,816	$635,015	+1.0%
Net Income	$206,004	$792,736	-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

N/A

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

$7,075

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY BULS	Treasurer	5.00	Director	$3,200	$0	$3,200
JOSH PETERSEN	President	2.00	Director	$2,000	$0	$2,000
DAWN BERGMANN	Secretary	2.00	Director	$1,500	$0	$1,500
JOSH GILBERT	Vice President	1.00	Director	$375	$0	$375

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	$1,453,820	$1,247,816	$1,561,959	$206,004
2023	$1,427,751	$635,015	$1,605,075	$792,736
2022	$917,961	$1,241,137	$812,418	$-323,176
2021	$578,418	$404,154	$1,135,613	$174,264
2020	$311,809	$221,091	$961,299	$90,718
2019	$568,090	$373,416	$1,073,399	$194,674
2018	$580,633	$436,638	$878,154	$143,995

BREMER COUNTY FAIR ASSOCIATION