Marcus Community Fair

EIN: 421506451 501(c)(3) Recreation & Sports

Marcus, IA

Total Revenue
$186,576
Total Expenses
$99,183
Total Assets
$323,119
Net Assets
$247,954
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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
2000
Legal Domicile
IA
Principal Officer
Kirk Letsche
Tax Period
2024-10-01 to 2025-09-30

Marcus Community Fair, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $187K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 47% operating margin.

Mission

Conducting a historical agricultural fair and exposition highlighting rural activities in the area.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $132,880
Program Service Revenue $0
Investment Income $0
Other Revenue $53,696
TOTAL REVENUE $186,576

Expense Breakdown

Grants Paid $2,780
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,183
Other Expenses $96,403
TOTAL EXPENSES $99,183

Year-over-Year Comparison

2024 2023 Change
Revenue $186,576 $124,992 +0.5%
Expenses $99,183 $98,854 +0.0%
Net Income $87,393 $26,138 +2.3%
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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kirk Letsche President 002.00
Officer Director
$0 $0 $0
Jake Wetter Vicw-president 001.00
Officer Director
$0 $0 $0
Jill Alesch Secretary 001.00
Officer Director
$0 $0 $0
Lisa Letsche Treasurer 001.00
Officer 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 $186,576 $99,183 $323,119 $87,393
2024 $124,992 $98,854 $310,561 $26,138
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