GRANITE FALLS WESTERN FEST COMMUNITY CELEBRATION

EIN: 933631923 Philanthropy & Grantmaking

GRANITE FALLS, MN

Total Revenue
$249,933
Total Expenses
$229,174
Total Assets
$442,348
Net Assets
$442,348
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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
2023
Legal Domicile
MN
Principal Officer
JOHN RICHTER
Phone
3205644070
Tax Period
2025-01-01 to 2025-12-31

GRANITE FALLS WESTERN FEST COMMUNITY CELEBRATION, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $250K in total revenue in fiscal year 2025. Expenses of $229K left a modest 8% surplus.

Mission

TO PROVIDE A COMMUNITY CELEBRATION THAT IS FOCUSED ON KEEPING THE TRADITION OF RODEO ALIVE IN THE GREATER GRANITE FALLS AREA. WE PROVIDE A WEEK LONG, FAMILY BASED, WESTERN THEMED, COMMUNITY CELEBRATION THAT IS CENTERED AROUND A RODEO FOR THE GREATER GOOD OF OUR COMMUNITY AND AREA BUSINESS.

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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 $7,489
Program Service Revenue $220,812
Investment Income $5,603
Other Revenue $16,029
TOTAL REVENUE $249,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $227,195
Other Expenses $229,174
TOTAL EXPENSES $229,174

Year-over-Year Comparison

2025 2024 Change
Revenue $249,933 $237,229 +0.1%
Expenses $229,174 $196,369 +0.2%
Net Income $20,759 $40,860 -0.5%
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
10
Independent Members
10
Employees
N/A
Volunteers
50

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE BOLLMAN DIRECTOR 4.00
Director
$0 $0 $0
BENAY COLE DIRECTOR 4.00
Director
$0 $0 $0
TIM OPDAHL DIRECTOR 4.00
Director
$0 $0 $0
ERIC PREUSS DIRECTOR 4.00
Director
$0 $0 $0
EMILY RICHTER DIRECTOR 4.00
Director
$0 $0 $0
ZACHARY RICHTER DIRECTOR 4.00
Director
$0 $0 $0
BRETT SLETTEN DIRECTOR 4.00
Director
$0 $0 $0
BARRY EVENSTAD TREASURER 8.00
Officer
$0 $0 $0
HOLLY JOHNSON-LABAT SECRETARY 7.00
Officer
$0 $0 $0
JOHN MCCOSH VICE-PRESIDE 5.00
Officer
$0 $0 $0
JOHN RICHTER PRESIDENT 5.00
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 $249,933 $229,174 $442,348 $20,759
2024 No data No data No data No data
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