CHEROKEE COUNTY FAIR ASSOCIATION

EIN: 426076471

CHEROKEE, IA

Total Revenue
$237,912
Total Expenses
$224,219
Total Assets
$1,331,896
Net Assets
$1,132,985
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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
1908
Legal Domicile
IA
Principal Officer
CHRIS NELSON
Phone
7124345562
Tax Period
2023-10-01 to 2024-09-30

CHEROKEE COUNTY FAIR ASSOCIATION, founded in 1908, is a small nonprofit that reported $238K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $224K left a modest 6% surplus.

Mission

OPERATION OF AGRICULTURAL FAIR

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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 (2023)

Revenue Breakdown

Contributions & Grants $104,537
Program Service Revenue $133,304
Investment Income $71
Other Revenue $0
TOTAL REVENUE $237,912

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $224,219
Other Expenses $224,219
TOTAL EXPENSES $224,219

Year-over-Year Comparison

2023 2022 Change
Revenue $237,912 $206,424 +0.2%
Expenses $224,219 $203,806 +0.1%
Net Income $13,693 $2,618 +4.2%
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
15
Independent Members
15
Employees
N/A
Volunteers
300

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAM BEZONI BOARD MEMBER N/A
Director
$0 $0 $0
ANNE BLAISE BOARD MEMBER N/A
Director
$0 $0 $0
CHERIE BLAISE BOARD MEMBER N/A
Director
$0 $0 $0
BRAD NELSON PRESIDENT N/A
Officer
$0 $0 $0
CHRIS NELSON SECRETARY N/A
Officer
$0 $0 $0
LINDA SMITH TREASURER N/A
Officer
$0 $0 $0
NICK SULLIVAN VICE PRESIDE N/A
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 $237,912 $224,219 $1,331,896 $13,693
2023 $206,424 $203,806 $1,208,286 $2,618
2022 $173,838 $178,408 $1,165,339 $-4,570
2021 $220,686 $140,821 $1,123,514 $79,865
2020 $109,044 $53,953 $1,053,049 $55,091
2019 $160,494 $116,446 $1,009,325 $44,048
2018 $135,231 $122,126 $966,910 $13,105
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