County of Goodhue Agricultural Society & Mechanics Institute
501(c)(5)
Only null% goes to programs Strong reserves Growing revenue
County of Goodhue Agricultural Society & Mechanics Institute is a 501(c)(5) organization based in Zumbrota, Minnesota, registered in 1943, with $586,578 in FY2023 revenue. CharityIndex grades it B.
Po Box 214, Zumbrota, MN, 55992 EIN 41-0714416 Since 1943
Revenue (FY2023)
$587K
▲ 25.3% vs prior year
Expenses (FY2023)
$395K
Net assets
$606K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for County of Goodhue Agricultural Society & Mechanics Institute— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For County of Goodhue Agricultural Society & Mechanics Institute: 18 mo reserves · +33% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for County of Goodhue Agricultural Society & Mechanics Institute— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For County of Goodhue Agricultural Society & Mechanics Institute: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $185K (FY2010) to $587K (FY2023) across 13 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $15KNet assets $606K
Operating margin
32.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$621K
Total liabilities
$15K
Net assets
$606K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $586,578▲25.3% | $395,426▲8.2% | $605,701▲45.4% | $620,750▲37.3% | 990 |
| 2022 | $468,177▲0.3% | $365,618▼0.8% | $416,641▲30.0% | $451,991▲23.8% | 990 |
| 2021 | $466,611▲36.4% | $368,704▲55.5% | $320,391▲44.0% | $365,057▲30.9% | 990 |
| 2020 | $342,010▲204% | $237,054▲165% | $222,484▲89.3% | $278,953▲58.5% | 990 |
| 2019 | $112,470▼61.3% | $89,587▼63.6% | $117,528▲19.4% | $175,951▲11.8% | 990EZ |
| 2018 | $290,365▲18.4% | $246,153▼3.4% | $98,436▲85.2% | $157,449▲195% | 990 |
| 2017 | $245,175▼4.9% | $254,832▼6.9% | $53,138▼17.6% | $53,322▼18.8% | 990 |
| 2016 | $257,882▼9.9% | $273,847▲5.8% | $64,465▼20.9% | $65,686▼21.4% | 990 |
| 2015 | $286,135▲7.8% | $258,850▲6.7% | $81,479▲41.4% | $83,617▲45.2% | 990 |
| 2014 | $265,543▲19.4% | $242,611▲25.2% | $57,606▲62.7% | $57,606▲62.7% | 990 |
| 2013 | $222,470 | $193,778▲5.8% | $35,404▲365% | $35,404▲234% | 990 |
| 2012 | — | $183,093▼2.9% | $7,611▲456% | $10,611▲13.3% | 990 |
| 2011 | $194,417▲5.3% | $188,568▲9.6% | $1,368▲135% | $9,368▼15.5% | 990EZ |
| 2010 | $184,642 | $172,052 | -$3,909 | $11,091 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is County of Goodhue Agricultural Society & Mechanics Institute a legitimate nonprofit?
- Yes. County of Goodhue Agricultural Society & Mechanics Institute is a 501(c)(5) organization registered with the U.S. Internal Revenue Service under EIN 41-0714416, based in Zumbrota, Minnesota.
- What is County of Goodhue Agricultural Society & Mechanics Institute's EIN?
- County of Goodhue Agricultural Society & Mechanics Institute's Employer Identification Number (EIN) is 41-0714416.
- How much revenue does County of Goodhue Agricultural Society & Mechanics Institute report?
- County of Goodhue Agricultural Society & Mechanics Institute reported $586,578 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does County of Goodhue Agricultural Society & Mechanics Institute have?
- CharityIndex grades County of Goodhue Agricultural Society & Mechanics Institute B, based on financial health (reserves and operating margin).
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Data for County of Goodhue Agricultural Society & Mechanics Institute (EIN 41-0714416) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.