Mchenry County Fair Foundation

Nonprofit profile at a glance

EIN
455180382
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Woodstock, IL, USA
Phone
8153385315
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Fairs

Reported finances

Revenue
$65,688
Expenses
$86,326
Assets
$51,472
Liabilities
$2,500

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • KEN BAUMAN (PRESIDENT)

People named in this filing

  • KEN BAUMAN (PRESIDENT)
  • NICK ARMBRUST (VICE PRESIDE)
  • KIMN MARTIN (SECRETRARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Form 990ez - part iii - primary exemp purpose - to raise funds to support the maintenance of the mchenry county fairgrounds.

What it reported doing in 2024

Form 990ez - part iii - line 28 - program service accomplishments - we raise funds to support the mchenry county fairgrounds. The fair is the largest event of the year. This continues the tradition of educating our community about the importance of agriculture, as well as being involved in our county fair. The facilites are shared with organizations such as the university of Illinois with the local 4-h club. The mchenry county farm bureau events and master gardeners who all share our mission. Mchenry county fair also supports many local and state organizationss including high school sport teams and clubs assisting them with fundraising opportunities during the fair.

Operating model

Revenue model
Membership-supported. 93% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 27
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.2%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -31.4%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 59.3% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -12.4% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -38.7% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $85K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.