MADISON COUNTY FAIRGROUNDS IMPROVEMENT FOUNDATION INC (EIN 863357855) - Form 990 Financial Analysis & Trantor Score

🔒

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

2021

Legal Domicile

Principal Officer

RODNEY BRAATEN

Phone

4065969696

Tax Period

2024-07-01 to 2025-06-30

MADISON COUNTY FAIRGROUNDS IMPROVEMENT FOUNDATION INC, founded in 2021, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $14K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $116K exceeded revenue, resulting in a 716% operating deficit.

Mission

TO PRESERVE, PROMOTE AND SUPPORT THE MADISON COUNTY FAIRGROUNDS THROUGH GRANTS, DONATIONS FUNDRAISING AND PLANNED GIVING. OUR AIM IS TO CONTINUE THE LEGACY OF AGRICULTURE, RECREATION, EDUCATION AND COMMUNTIY GATHERINGS BY PROVIDING FUNDING FOR THE MADISON COUNTY FAIR GROUNDS.

🔒

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 $6,009

Program Service Revenue $0

Investment Income $8,155

Other Revenue $0

TOTAL REVENUE $14,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $56,250

Program Expenses $56,105

Other Expenses $59,377

TOTAL EXPENSES $115,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,164	$11,503	+0.2%
Expenses	$115,627	$4,130	+27.0%
Net Income	$-101,463	$7,373	-14.8%

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

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
RODNEY BRAATEN	PRESIDENT	N/A	Officer	$0	$0	$0
KATHY MOEYKENS	TREASURER	N/A	Officer	$0	$0	$0
JP ANDERSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
JODY SANDRU	SECRETARY	N/A	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	$14,164	$115,627	$231,465	$-101,463
2024	$11,503	$4,130	$332,928	$7,373
2023	$195,960	$25,558	$325,555	$170,402
2022	$151,243	$640	$155,153	$150,603

MADISON COUNTY FAIRGROUNDS IMPROVEMENT FOUNDATION INC