MONROE COUNTY FAIR INC (EIN 426076064) - 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

1956

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MONROE COUNTY FAIR INC, founded in 1956, is a small nonprofit that reported $333K in total revenue in fiscal year 2023.

Mission

THE MISSION IS TO DEVELOP, PRESERVE, PROMOTE AND MAINTAIN A COUNTY FAIR AND FAIRGROUNDS IN MONROE COUNTY, IOWA.

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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 $68,571

Program Service Revenue $250,505

Investment Income $42

Other Revenue $14,035

TOTAL REVENUE $333,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,371

Fundraising Expenses $0

Program Expenses $330,235

Other Expenses $317,864

TOTAL EXPENSES $330,235

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,153	$338,288	0.0%
Expenses	$330,235	$316,244	+0.0%
Net Income	$2,918	$22,044	-0.9%

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

N/A

Volunteers

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

$6,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA WILSON	SECRETARYTREASURER	25.00	Officer	$6,000	$0	$6,000
DAN YULE	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
BILLIE STOUT	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
JERRY FINDLEY	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
DEAN LATHROP	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
CHAD LATHROP	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA BACHMAN	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
BLAINE STOUT	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
LISA SHEPARD	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
JASON CRALL	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
TYSON PATTON	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
JIM KOFFMAN	VICE-PRESIDENT	12.00	Officer	$0	$0	$0
JUSTIN ROOZENBOOM	PRESIDENT	20.00	Officer	$0	$0	$0
NATHALIE LATHROP	SECRETARYTREASURER	4.00	Officer	$0	$0	$0
CARL KENDALL	FAIR MANAGER	8.00	Officer	$0	$0	$0
DEAN BETTIS	FAIR MANAGER	8.00	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
2024	No data	No data	No data	No data
2023	$333,153	$330,235	$246,626	$2,918
2022	$338,288	$316,244	$248,263	$22,044
2021	$275,403	$253,030	$235,720	$22,373
2020	$244,707	$158,373	$222,963	$86,334

MONROE COUNTY FAIR INC