Caruthers District Fair Association (EIN 942310355) - 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

1925

Legal Domicile

Principal Officer

Mark Sorensen

Phone

5592269200

Tax Period

2023-01-01 to 2023-12-31

Caruthers District Fair Association, founded in 1925, is a small nonprofit in the Recreation & Sports sector that reported $859K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $134K, a strong 16% operating margin.

Mission

The Caruthers District Fair Association sponsors the annual Caruthers District Fair and maintains the grounds on an annual basis.

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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 (2023)

Revenue Breakdown

Contributions & Grants $51,444

Program Service Revenue $708,007

Investment Income $1,359

Other Revenue $98,330

TOTAL REVENUE $859,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $628,746

Other Expenses $724,839

TOTAL EXPENSES $724,839

Year-over-Year Comparison

	2023	2022	Change
Revenue	$859,140	$779,154	+0.1%
Expenses	$724,839	$625,999	+0.2%
Net Income	$134,301	$153,155	-0.1%

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

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
John Townsend	Director	1.00	Director	$0	$0	$0
Ellen Perez	Director	1.00	Director	$0	$0	$0
Michelle Schultz	Treasurer	2.00	Officer Director	$0	$0	$0
Thaden Vick	Director	1.00	Director	$0	$0	$0
Patrick Martin	Director	1.00	Director	$0	$0	$0
Jeff Janzan	Director	1.00	Director	$0	$0	$0
Mark Sorensen	President	1.00	Officer Director	$0	$0	$0
Christopher Frith	Director	1.00	Director	$0	$0	$0
Ryan Rasmussen	Director	1.00	Director	$0	$0	$0
Steve Schultz	Director	1.00	Director	$0	$0	$0
Ann Hamilton	Director	1.00	Director	$0	$0	$0
Stephen Maddox	Director	1.00	Director	$0	$0	$0
Valori Gallaher	Secretary	1.00	Officer Director	$0	$0	$0
Michelle Trigueiro	Director	1.00	Director	$0	$0	$0
Kate Ronlake	Director	1.00	Director	$0	$0	$0
Johannah White	Director	1.00	Director	$0	$0	$0
Loland Brittsan	Vice President	1.00	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
2024	No data	No data	No data	No data
2023	$859,140	$724,839	$1,718,072	$134,301
2022	$779,154	$625,999	$1,582,277	$153,155
2021	$669,943	$574,528	$1,452,628	$95,415
2020	$291,600	$348,704	$1,380,417	$-57,104
2019	$679,541	$561,814	$1,457,251	$117,727
2018	$540,575	$503,162	$1,431,395	$37,413

Caruthers District Fair Association