MILLS COUNTY FAIR ASSOCIATION FREE FAIR (EIN 426081291) - 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

1923

Legal Domicile

Principal Officer

JARED MABARY

Tax Period

2022-01-01 to 2022-12-31

MILLS COUNTY FAIR ASSOCIATION FREE FAIR, founded in 1923, is a small nonprofit in the Recreation & Sports sector that reported $234K in total revenue in fiscal year 2022. Expenses of $268K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROMOTE AGRICULTURE IN MILLS COUNTY IOWA OPERATING THE MILLS COUNTY FAIR, OPEN TO ALL RESIDENTS OF MILLS COUNTY

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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 (2022)

Revenue Breakdown

Contributions & Grants $101,625

Program Service Revenue $117,157

Investment Income $23

Other Revenue $15,132

TOTAL REVENUE $233,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $267,956

Other Expenses $268,381

TOTAL EXPENSES $268,381

Year-over-Year Comparison

	2022	2021	Change
Revenue	$233,937	$241,633	0.0%
Expenses	$268,381	$248,152	+0.1%
Net Income	$-34,444	$-6,519	+4.3%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY BOLTON	SECRETARY	2.00	Officer	$0	$0	$0
BRENT BURGOIN	VICE-PRESIDE	2.00	Officer	$0	$0	$0
JARED MABARY	PRESIDENT	2.00	Officer	$0	$0	$0
JULIE NEUHALFEN	TREASURER	2.00	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
2022	$233,937	$268,381	$2,702,204	$-34,444
2021	$241,633	$248,152	$2,777,457	$-6,519
2020	$284,540	$168,609	$2,810,299	$115,931

MILLS COUNTY FAIR ASSOCIATION FREE FAIR