NORTH DAKOTA STATE FAIR FOUNDATION (EIN 800625528) - 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

2010

Legal Domicile

Principal Officer

JAMES W GROTE JR

Phone

7018577620

Tax Period

2024-10-01 to 2025-09-30

NORTH DAKOTA STATE FAIR FOUNDATION, founded in 2010, is a micro nonprofit that reported $3K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $151K exceeded revenue, resulting in a 5226% operating deficit.

Mission

THE MISSION OF THE NORTH DAKOTA STATE FAIR FOUNDATION IS TO DEVELOP LIFELONG RELATIONSHIPS WITH DONORS TO SECURE THE PHILANTHROPIC GIFTS THAT WILL ENHANCE AND SUPPORT THE WORK OF THE NORTH DAKOTA STATE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,160

Program Service Revenue $0

Investment Income $274

Other Revenue $400

TOTAL REVENUE $2,834

Expense Breakdown

Grants Paid $33,512

Salaries & Benefits $35,525

Fundraising Expenses $0

Program Expenses $88,607

Other Expenses $81,911

TOTAL EXPENSES $150,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,834	$259,553	-1.0%
Expenses	$150,948	$293,529	-0.5%
Net Income	$-148,114	$-33,976	+3.4%

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

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
JAMES W GROTE JR	PRESIDENT	1.00	Officer	$0	$0	$0
BRENDA LEE	DIRECTOR	1.00	Director	$0	$0	$0
TAMRA HEINS	SECRETARY/TR	1.00	Director	$0	$0	$0
JAMES HENNESSY	VICE PRESIDE	1.00	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
2025	$2,834	$150,948	$1,114,260	$-148,114
2024	$259,553	$293,529	$1,264,008	$-33,976
2023	$78,416	$173,129	$1,301,784	$-94,713
2022	$188,480	$214,118	$1,391,073	$-25,638
2021	$197,912	$156,928	$1,482,025	$40,984
2020	$65,729	$59,374	$1,495,460	$6,355
2019	$98,415	$1,103,011	$1,440,202	$-1,004,596
2018	$107,428	$41,811	$2,440,705	$65,617

NORTH DAKOTA STATE FAIR FOUNDATION