FORTUNA RODEO ASSOCIATION (EIN 942628651) - 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

1951

Legal Domicile

Phone

7077255109

Tax Period

2024-11-01 to 2025-10-31

FORTUNA RODEO ASSOCIATION, founded in 1951, is a small nonprofit that reported $176K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $73K, a strong 42% operating margin.

Mission

ANNUAL FORTUNA RODEO, GROUNDS AND GRANDSTAND MAINTENANCE AND PROMOTIONAL ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $52,211

Other Revenue $123,557

TOTAL REVENUE $175,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,277

Other Expenses $102,347

TOTAL EXPENSES $102,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,768	$295,828	-0.4%
Expenses	$102,347	$66,154	+0.5%
Net Income	$73,421	$229,674	-0.7%

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

100

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
KELLEN BROWN	Director	1.00	Director	$0	$0	$0
CHAD LAKE	Director	1.00	Director	$0	$0	$0
ROBERT FOLEY	Director	1.00	Director	$0	$0	$0
CHRIS BROADSTOCK	Treasurer	1.00	Director	$0	$0	$0
JIM HINRICHS	Director	1.00	Director	$0	$0	$0
BEN MCWHORTER	Director	1.00	Director	$0	$0	$0
DAVE VICTORINE	Director/VP	1.00	Officer Director	$0	$0	$0
TODD FULTON	Director	1.00	Director	$0	$0	$0
BOB NATT	Director	1.00	Director	$0	$0	$0
WAYNE TOMASINI	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JOHNSON	Director	1.00	Director	$0	$0	$0
DOUG BURGESS	Director	1.00	Director	$0	$0	$0
HEC WOOD	Director	1.00	Director	$0	$0	$0
CODY WADDELL	Director	1.00	Director	$0	$0	$0
DAVID JACKSON	Secretary	2.00	Officer Director	$0	$0	$0
SHANNON MCWHORTER	President & CEO	5.00	Officer Director	$0	$0	$0
JESSE RENNER	Director	1.00	Director	$0	$0	$0
RUSS RENNER	Director	1.00	Director	$0	$0	$0
JAVIER LUNA	Director	1.00	Director	$0	$0	$0
TRAVIS MENDES	Director	1.00	Director	$0	$0	$0
ERIK BESS	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
2025	$175,768	$102,347	$1,295,204	$73,421
2024	$295,828	$66,154	$1,197,952	$229,674
2023	$185,291	$69,446	$885,957	$115,845
2022	$227,959	$90,121	$768,293	$137,838
2021	$308,003	$146,800	$738,566	$161,203
2020	$38,084	$152,835	$523,676	$-114,751
2019	$121,288	$63,795	$649,268	$57,493
2018	$103,024	$65,750	$552,845	$37,274

FORTUNA RODEO ASSOCIATION