FARIBAULT COUNTY FAIR

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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

2012

Legal Domicile

Phone

5075262984

Tax Period

2024-10-01 to 2025-09-30

FARIBAULT COUNTY FAIR, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $172K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

TO CONTINUE THE FARIBAULT COUNTY FAIR AND THE EDUCATIONAL PROGRAMS THE FAIR PROVIDES IN LIVESTOCK, AGRICULTURE, LEADERSHIP AND CREATIVE ARTS.

Program Service Accomplishments

Program 1

Expenses: $179,213 Revenue: $175,277

TO CONDUCT THE FARIBAULT COUNTY FAIR WHICH PROVIDES AN OPPORTUNITY FOR EDUCATION THROUGH LIVESTOCK EXHIBITS, CREATIVE ARTS EXHIBITS, YOUTH PROGRAMS AND OTHER AGRICULTURE PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $117,758

Program Service Revenue $52,077

Investment Income $0

Other Revenue $2,517

TOTAL REVENUE $172,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,905

Fundraising Expenses $0

Program Expenses $179,213

Other Expenses $161,391

TOTAL EXPENSES $187,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,352	$206,715	-0.2%
Expenses	$187,296	$191,174	0.0%
Net Income	$-14,944	$15,541	-2.0%

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

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
DARYL MURRAY	Vice President	3.00	Officer Director	$0	$0	$0
JOE STEVERMER	Director	3.00	Director	$0	$0	$0
ROBIN STENZEL	Secretary	5.00	Officer Director	$0	$0	$0
NATE PHIPPEN	Director	3.00	Director	$0	$0	$0
MARLIN KRUPP	Director	3.00	Director	$0	$0	$0
TIM BEYER	Director	3.00	Director	$0	$0	$0
MILO GOLTZ	Director	3.00	Director	$0	$0	$0
MARLIN PRANGE	President	5.00	Officer Director	$0	$0	$0
PEGGY OLSON	Director	3.00	Director	$0	$0	$0
DAVID MURRAY	Treasurer	3.00	Officer Director	$0	$0	$0
ROB TVEDTEN	Vice President	5.00	Officer Director	$0	$0	$0
FRANZ SHOLTZ	Director	3.00	Director	$0	$0	$0
CATHI DOUGLAS	Director	3.00	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	$172,352	$187,296	$1,981	$-14,944
2024	$206,715	$191,174	$16,810	$15,541
2023	$208,400	$211,969	$1,364	$-3,569