Monona County Fair Association
EIN: 420777782 · Onawa, IA · NTEE: N52
| Metric | Value |
|---|---|
| Total Revenue | $255K |
| Total Expenses | $335K |
| Net Assets | $281K |
Is Monona County Fair Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Monona County Fair Association
Monona County Fair Association (EIN: 420777782) is a nonprofit organization based in Onawa, IA, classified under NTEE code N52. The organization reported total revenue of $255K and total assets of $312K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monona County Fair Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monona County Fair Association is a small nonprofit that has been operating for 7 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $301K |
| Total Expenses | $335K |
| Surplus / Deficit | $-33,504 |
| Total Assets | $293K |
| Total Liabilities | $12K |
| Net Assets | $281K |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 10.5 months |
Financial Health Grade: B
In 2023, Monona County Fair Association reported a deficit of $34K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Monona County Fair Association's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +0.3% | -12.2% |
| 2022 | -7.2% | +73.4% | -13.1% |
| 2021 | +67.1% | +46.9% | +42.0% |
| 2020 | +11.7% | -21.7% | +47.7% |
| 2019 | +4.7% | +11.3% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Monona County Fair Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Monona County Fair Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Frequently Asked Questions about Monona County Fair Association
Is Monona County Fair Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Monona County Fair Association (EIN: 420777782) insufficient data. 0 red flags identified, 0 strengths noted.
How does Monona County Fair Association spend its money?
Detailed spending breakdown data is not yet available for Monona County Fair Association. Check back for updated IRS 990 analysis.
Are donations to Monona County Fair Association tax-deductible?
Monona County Fair Association is registered as a tax-exempt nonprofit (EIN: 420777782). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Monona County Fair Association located?
Monona County Fair Association is headquartered in Onawa, Iowa and files with the IRS under EIN 420777782. It is classified under NTEE code N52.
How many years of IRS 990 filings does Monona County Fair Association have?
Monona County Fair Association has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $255K in total revenue.
Filing History
IRS 990 filing history for Monona County Fair Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Monona County Fair Association's revenue has grown by 128.1%, moving from $132K to $301K. Total assets increased by 58.1% over the same period, from $185K to $293K. Total functional expenses rose by 171.3%, from $123K to $335K. In its most recent filing year (2023), Monona County Fair Association reported a deficit of $34K, with expenses exceeding revenue. The organization holds $12K in liabilities against $293K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $281K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $301K | $335K | $293K | $12K | — | View 990 |
| 2022 | $291K | $334K | $333K | $20K | — | View 990 |
| 2021 | $314K | $192K | $384K | $27K | — | View 990 |
| 2020 | $188K | $131K | $270K | $35K | — | View 990 |
| 2019 | $168K | $167K | $183K | $4K | — | View 990 |
| 2018 | $161K | $150K | $179K | $0 | — | View 990 |
| 2017 | $136K | $138K | $169K | $0 | — | — |
| 2016 | $170K | $182K | $152K | $23K | — | — |
| 2015 | $151K | $177K | $187K | $23K | — | — |
| 2014 | $142K | $159K | $213K | $32K | — | — |
| 2013 | $176K | $178K | $230K | $29K | — | — |
| 2011 | $132K | $123K | $185K | $133 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $301K, expenses of $335K, and assets of $293K (revenue +3.5% year-over-year).
- 2022: Revenue of $291K, expenses of $334K, and assets of $333K (revenue -7.2% year-over-year).
- 2021: Revenue of $314K, expenses of $192K, and assets of $384K (revenue +67.1% year-over-year).
- 2020: Revenue of $188K, expenses of $131K, and assets of $270K (revenue +11.7% year-over-year).
- 2019: Revenue of $168K, expenses of $167K, and assets of $183K (revenue +4.7% year-over-year).
- 2018: Revenue of $161K, expenses of $150K, and assets of $179K (revenue +18.2% year-over-year).
- 2017: Revenue of $136K, expenses of $138K, and assets of $169K (revenue -20.2% year-over-year).
- 2016: Revenue of $170K, expenses of $182K, and assets of $152K (revenue +12.5% year-over-year).
- 2015: Revenue of $151K, expenses of $177K, and assets of $187K (revenue +7.0% year-over-year).
- 2014: Revenue of $142K, expenses of $159K, and assets of $213K (revenue -19.8% year-over-year).
- 2013: Revenue of $176K, expenses of $178K, and assets of $230K (revenue +33.6% year-over-year).
- 2011: Revenue of $132K, expenses of $123K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monona County Fair Association:
Data Sources and Methodology
This transparency report for Monona County Fair Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.