Civic Intelligence

Fortuna Rodeo Association

990 • Fiscal year 2017 • EIN 94-2628651

Nov 01, 2016 to Oct 31, 2017 • Filed on Dec 15, 2017

PO Box 625Fortuna, CA 95540

(707) 725-5109

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.01x

Higher debt load relative to assets than 44% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

51st percentile

0.05x

Higher debt load relative to revenue than 51% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Asset Growth

80th percentile

15%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

44%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$527,781

Up $67,846 (+15%) from 2016

Net Assets

Up

$521,287

Up $69,694 (+15%) from 2016

Liabilities

Down

$6,494

Down $1,848 (-22%) from 2016

Revenue

Up

$138,840

Up $42,219 (+44%) from 2016

Expenses

Down

$67,457

Down $15,361 (-19%) from 2016

Net Income

Up

$71,383

Up $57,580 (+417%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $292,434Liabilities 2011: $3,6412011Assets 2012: $336,587Liabilities 2012: $4,1862012Assets 2013: $373,253Liabilities 2013: $4,966Net Assets 2013: $368,2872013Assets 2014: $423,793Liabilities 2014: $5,684Net Assets 2014: $418,1092014Assets 2015: $438,216Liabilities 2015: $9,096Net Assets 2015: $429,1202015Assets 2016: $459,935Liabilities 2016: $8,342Net Assets 2016: $451,5932016Assets 2017: $527,781Liabilities 2017: $6,494Net Assets 2017: $521,2872017Assets 2018: $552,845Liabilities 2018: $7,562Net Assets 2018: $545,2832018Assets 2019: $649,268Liabilities 2019: $8,581Net Assets 2019: $640,6872019Assets 2020: $523,676Liabilities 2020: $871Net Assets 2020: $522,8052020Assets 2021: $738,566Liabilities 2021: $14,274Net Assets 2021: $724,2922021Assets 2022: $768,293Liabilities 2022: $12,478Net Assets 2022: $755,8152022Assets 2023: $885,957Liabilities 2023: $19,557Net Assets 2023: $866,4002023Assets 2024: $1,197,952Liabilities 2024: $9,065Net Assets 2024: $1,188,8872024Assets 2025: $1,295,204Liabilities 2025: $14,625Net Assets 2025: $1,280,5792025

Highlighted filing

2017

Assets$527,781
Liabilities$6,494
Net Assets$521,287

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $107,775Expenses 2011: $66,220Net Income 2011: $41,5552011Revenue 2012: $110,514Expenses 2012: $75,343Net Income 2012: $35,1712012Revenue 2013: $137,401Expenses 2013: $91,062Net Income 2013: $46,3392013Revenue 2014: $154,678Expenses 2014: $117,523Net Income 2014: $37,1552014Revenue 2015: $107,733Expenses 2015: $76,191Net Income 2015: $31,5422015Revenue 2016: $96,621Expenses 2016: $82,818Net Income 2016: $13,8032016Revenue 2017: $138,840Expenses 2017: $67,457Net Income 2017: $71,3832017Revenue 2018: $103,024Expenses 2018: $65,750Net Income 2018: $37,2742018Revenue 2019: $121,288Expenses 2019: $63,795Net Income 2019: $57,4932019Revenue 2020: $38,084Expenses 2020: $152,835Net Income 2020: -$114,7512020Revenue 2021: $308,003Expenses 2021: $146,800Net Income 2021: $161,2032021Revenue 2022: $227,959Expenses 2022: $90,121Net Income 2022: $137,8382022Revenue 2023: $185,291Expenses 2023: $69,446Net Income 2023: $115,8452023Revenue 2024: $295,828Expenses 2024: $66,154Net Income 2024: $229,6742024Revenue 2025: $175,768Expenses 2025: $102,347Net Income 2025: $73,4212025

Highlighted filing

2017

Revenue$138,840
Expenses$67,457
Net Income$71,383
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Dec 15, 2017
Return Version
2016v3.0
Gross Receipts
$481,071
Mission and Program Overview

Mission

Annual fortuna rodeo, grounds and grandstand maintenance and promotional activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$373,824$419,183▲ $45,359
Cash and Non-Interest-Bearing Accounts$59,812$60,563▲ $751
Land, Buildings, and Equipment, Net$26,298$47,935▲ $21,637
Accounts Receivable-$100-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$459,935$527,781▲ $67,846
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$8,342$6,494▼ $1,848
Total Liabilities$8,342$6,494▼ $1,848
Net Assets / Fund Balance
Unrestricted Net Assets$441,593$511,287▲ $69,694
Temporarily Rstr Net Assets$10,000$10,000→ $0
Total Net Assets Fund Balance$451,593$521,287▲ $69,694
Total Liabilities and Net Assets / Fund Balance$459,935$527,781▲ $67,846

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$47,935-$47,935
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shannon McwhorterPresident & CEO
Ben McwhorterDirector
Brad GlassDirector
Chad LakeDirector
Cody WaddellDirector
Dave NicholsonDirector
Hec WoodDirector
Jesse RennerDirector
Jim HinrichsDirector
Mike JohnsonDirector
Ricky RuudDirector
Robert FoleyDirector
Roy CurlessDirector
Russ RennerDirector
Todd FultonDirector
Wayne TomasiniDirector
Dave VictorineDirector/VP
David JacksonSecretary
Patrick WhitchurchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$43,827
Program Service Revenue
$0
Investment Income
$37,048
Other Revenue
$57,965
Change in Net Assets
$71,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,457
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$19,868--$19,868
Advertising$15,321--$15,321
Insurance$7,812--$7,812
Fees for Services Accounting-$4,820-$4,820
Information Technology$3,496--$3,496
Other Expenses$282--$282
Office Expenses$254--$254
All Other Expenses$200--$200
Fees for Services Other$35--$35
Total Functional Expenses$62,637$4,820$0$67,457
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$210,490
Fundraising Direct Expenses$152,725
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Rodeo$254,317$210,490$118,035$92,455
Total Events$254,317$210,490$152,725$57,765
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Shannon McWhorter, President & CEO of the Fortuna Rodeo Association is the father of Ben McWhorter who is a director for the Fortuna Rodeo Association.Director Jesse Renner and Director Russ Renner are brothers.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 reviewed by the president,secretary and treasurer of the board prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fortuna Rodeo Association
EIN
94-2628651
Phone
7077255109
Address
PO BOX 625, FORTUNA, CA 95540

Signing Officer

Name
Shannon Mcwhorter
Title
President
Signed
2017-12-15
Discuss with paid preparer
Yes

Organization Details

Formed
1951
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
17
Employees
0
Volunteers
100

Preparer

Firm
Wyatt & Whitchurch EA Inc
Address
804 12th Street, Fortuna, CA 95540
Preparer
Patrick E Whitchurch Ea
Phone
7077255109
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01951
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt043827
IRS990/FundraisingDirectExpensesAmt0152725
IRS990/FundraisingGrossIncomeAmt0210490
IRS990/GainOrLossGrp/SecuritiesAmt023967
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0213473
IRS990/GrossReceiptsAmt0481071
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt03496
IRS990/InformationTechnologyGrp/TotalAmt03496
IRS990/InsuranceGrp/ProgramServicesAmt07812
IRS990/InsuranceGrp/TotalAmt07812
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt013081
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt013081
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0373824
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0419183
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026298
IRS990/LandBldgEquipBasisNetGrp/EOYAmt047935
IRS990/LandBldgEquipCostOrOtherBssAmt047935
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0189506
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ANNUAL FORTUNA RODEO, GROUNDS AND GRANDSTAND MAINTENANCE AND PROMOTIONAL ACTIVITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0451593
IRS990/NetAssetsOrFundBalancesEOYAmt0521287
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt023967
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt023967
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt057765
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1689
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt019868
IRS990/OccupancyGrp/TotalAmt019868
IRS990/OfficeExpensesGrp/ProgramServicesAmt0254
IRS990/OfficeExpensesGrp/TotalAmt0254
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0STREET BANNERS
IRS990/OtherExpensesGrp/Desc1DIRECTOR EXPENSE
IRS990/OtherExpensesGrp/Desc2MISC EXPENSES
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt09774
IRS990/OtherExpensesGrp/ProgramServicesAmt14319
IRS990/OtherExpensesGrp/ProgramServicesAmt21276
IRS990/OtherExpensesGrp/ProgramServicesAmt3282
IRS990/OtherExpensesGrp/TotalAmt09774
IRS990/OtherExpensesGrp/TotalAmt14319
IRS990/OtherExpensesGrp/TotalAmt21276
IRS990/OtherExpensesGrp/TotalAmt3282
IRS990/OtherRevenueMiscGrp/BusinessCd0713990
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0200
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0200
IRS990/OtherRevenueTotalAmt0200
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt046525
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0584
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt082818
IRS990/PYOtherRevenueAmt049512
IRS990/PYRevenuesLessExpensesAmt013803
IRS990/PYTotalExpensesAmt082818
IRS990/PYTotalRevenueAmt096621
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt071383
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt047935
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047935
IRS990ScheduleD/TotalBookValueLandBuildingsAmt047935
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt043827
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt043827
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0152725
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL RODEO
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt034690
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt034690
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0254317
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0254317
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0210490
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0210490
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt057765
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0118035
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0118035
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Shannon McWhorter, President & CEO of the Fortuna Rodeo Association is the father of Ben McWhorter who is a director for the Fortuna Rodeo Association.Director Jesse Renner and Director Russ Renner are brothers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 REVIEWED BY THE PRESIDENT,SECRETARY AND TREASURER OF THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.28$0.18$0.10$0.07
2024Detailed filing. Detailed filing data is available for this year.$1.20$0.01$1.19$0.30$0.07$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.02$0.87$0.19$0.07$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.77$0.01$0.76$0.23$0.09$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.74$0.01$0.72$0.31$0.15$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.04$0.15$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.65$0.01$0.64$0.12$0.06$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.55$0.10$0.07$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.53$0.01$0.52$0.14$0.07$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.01$0.45$0.10$0.08$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.01$0.43$0.11$0.08$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.42$0.01$0.42$0.15$0.12$0.04
2013Summary only. Only limited summary data is available for this year.$0.37$0.00$0.37$0.14$0.09$0.05
2012Summary only. Only limited summary data is available for this year.$0.34$0.00$0.11$0.08$0.04
2011Summary only. Only limited summary data is available for this year.$0.29$0.00$0.11$0.07$0.04