Platte County Ag Society Inc
Nonprofit profile at a glance
- EIN
- 470376462
- IRS 990 coverage
- 2011–2021
- Forms available
- Form 990 2021
- Location
- Columbus, NE, USA
- Phone
- 4025640133
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,035,717
- Expenses
- $945,364
- Assets
- $1,470,397
- Liabilities
- $6,393
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
15 people listed
People named in this filing
- GREGG MELLIGER (CHAIRMAN)
- TRAVIS SCHULTZ (VICE CHAIRMA)
- TYLER ENGSTROM (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
(1) to improve segments of the agricultural history, homes and communities of the state; (2) to cooperate with and to supplement and compliment the programs of the institute of agriculture and natural resources of the university of Nebraska and other state or local organizations; and (3) to educate the general public and to encourage the improvement in all things pertaining to the interest of the agriculturalists, the mechanic, the merchant, and the citizen of any calling, by aiding such interest that are most conductive to the public good;
What it reported doing in 2021
The society facilitates a live horse racing meet and simulcasts other meets which supports the breeding and racing of horses. The society also rents facility for various activities.
Operating model
- Revenue model
- Grant-funded. 72% of the money available for current operations came from government grants.
- 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. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 83
- Accountability: 76
- Sustainability: 57
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 93.1%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 14th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.7%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 1.56; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: -6.8% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 93.1% of spending went to programs
- Governance: 15 of 15 board members independent · 3 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $881K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2011 to 2021
- Contacts: How to reach this organization
- 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.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.