FRIENDS OF THE LEE COUNTY FAIR INC

EIN: 810739865 501(c)(3) Youth Development

DONNELLSON, IA

Total Revenue
$14,434
Total Expenses
$73,434
Total Assets
$555,405
Net Assets
$555,405
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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
2015
Legal Domicile
IA
Principal Officer
KATIE WILSON
Phone
3193715548
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF THE LEE COUNTY FAIR INC, founded in 2015, is a micro nonprofit in the Youth Development sector that reported $14K in total revenue in fiscal year 2025. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 409% operating deficit.

Mission

TO FUNDRAISE FOR LEE COUNTY FAIR, INC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $0
Investment Income $13,434
Other Revenue $0
TOTAL REVENUE $14,434

Expense Breakdown

Grants Paid $73,434
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $73,434
Other Expenses $0
TOTAL EXPENSES $73,434

Year-over-Year Comparison

2025 2024 Change
Revenue $14,434 $112,385 -0.9%
Expenses $73,434 $116,880 -0.4%
Net Income $-59,000 $-4,495 +12.1%
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
18
Independent Members
18
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN BREDEMEYER PRESIDENT N/A
Officer Director
$0 $0 $0
MEL KRAMER TREASURER N/A
Officer Director
$0 $0 $0
TAMMY LEMASTER VICE PRESIDE N/A
Officer Director
$0 $0 $0
KATIE WILSON DIRECTOR N/A
Officer 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 $14,434 $73,434 $555,405 $-59,000
2024 $112,385 $116,880 $614,405 $-4,495
2023 $615,321 No data $618,900 No data
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