FRIENDS OF THE GOODHUE COUNTY FAIR

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

PAUL LUHMAN

Phone

6513806903

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE GOODHUE COUNTY FAIR, founded in 2018, is a small nonprofit in the Education sector that reported $474K in total revenue in fiscal year 2024. Revenue surged 201% from the prior year, signaling strong growth momentum. The organization ran a surplus of $394K, a strong 83% operating margin.

Mission

SUPPORT AGRICULTURAL EDUCATION BY PROVIDING AND ENHANCING YOUTH AND ADULT EXPERIENCES AT THE GOODHUE COUNTY FAIR.

Program Service Accomplishments

Program 1

Expenses: $67,210

PROVIDE FUNDING TO BUILD FACILITIES TO IMPROVE ANIMAL HOUSING AND EXHIBITION AREAS ON THE GOODHUE COUNTY FAIRGROUNDS.

Program 2

Expenses: $9,000

PROVIDE FINANCIAL SUPPORT FOR AN EMERGENCY SOUND SYSTEM AT THE GOODHUE COUNTY FAIR.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $467,523

Program Service Revenue $0

Investment Income $4,392

Other Revenue $2,213

TOTAL REVENUE $474,128

Expense Breakdown

Grants Paid $76,210

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,210

Other Expenses $3,931

TOTAL EXPENSES $80,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$474,128	$157,292	+2.0%
Expenses	$80,141	$133,548	-0.4%
Net Income	$393,987	$23,744	+15.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
PAUL LUHMAN	2024 President	1.00	Officer Director	$0	$0	$0
JOSIE JENSON	Director	1.00	Director	$0	$0	$0
JEANNE CUSTER	Secretary	2.00	Officer Director	$0	$0	$0
SHERRI BETCHER	PRESIDENT/24 VP	2.00	Officer Director	$0	$0	$0
NICOLE NEESER	Treasurer	2.00	Officer Director	$0	$0	$0
TIM GOLDSMITH	Director	1.00	Director	$0	$0	$0
LEEANN WAUGH	Director	1.00	Director	$0	$0	$0
DEREK STEHR	Director	1.00	Director	$0	$0	$0
JASON LEE	Director	1.00	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
2024	$474,128	$80,141	$519,575	$393,987