FAIR UNDERWRITERS INC (EIN 510138466) - 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

1973

Legal Domicile

Principal Officer

KELLY HOWES

Phone

5633265338

Tax Period

2024-06-01 to 2025-05-31

FAIR UNDERWRITERS INC, founded in 1973, is a small nonprofit in the Recreation & Sports sector that reported $355K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION PROVIDES DONATIONS TO PROMOTE AND UNDERWRITE THE ANNUAL FAIR FOR SCOTT 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 (2024)

Revenue Breakdown

Contributions & Grants $13,680

Program Service Revenue $0

Investment Income $0

Other Revenue $341,190

TOTAL REVENUE $354,870

Expense Breakdown

Grants Paid $352,017

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $354,870

Other Expenses $2,853

TOTAL EXPENSES $354,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,870	$339,974	+0.0%
Expenses	$354,870	$339,974	+0.0%
Net Income	$0	$0	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY HOWES	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
TIM KOEHLER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
RICK DYWIAK	PRESIDENT	0.50	Officer Director	$0	$0	$0
BETTY DEXTER	DIRECTOR	0.50	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	$354,870	$354,870	$26,552	No data
2024	$339,974	$339,974	$25,953	No data
2023	$365,493	$365,411	$26,607	$82
2022	$339,422	$339,422	$32,444	No data
2021	$286,587	$286,603	$28,369	$-16
2020	$222,420	$222,435	$119	$-15
2019	$196,484	$196,484	$16,262	No data

FAIR UNDERWRITERS INC