SKOWHEGAN STATE FAIR

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1819

Legal Domicile

Principal Officer

RICK ANZELC

Phone

2074742947

Tax Period

2024-10-01 to 2025-09-30

SKOWHEGAN STATE FAIR, founded in 1819, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 4% surplus.

Mission

CONDUCT THE SKOWHEGAN STATE FAIR WHICH IS AN AGRICULTURAL FAIR. PRINCIPAL ACTIVITIES AND EXHIBITS ARE EDUCATIONAL AND CONDUCTED IN SUCH A FASHION AND ON SUCH SUBJECTS TO ENLIGHTEN THE VIEWERS ON THE NEWEST AND BEST AGRICULTURAL TECHNIQUES.

Program Service Accomplishments

Program 1

Expenses: $859,783 Revenue: $672,813

CONDUCT THE SKOWHEGAN STATE FAIR WHICH IS AN AGRICULTURAL FAIR.

Program 2

Expenses: $625,001 Revenue: $44,722

CONDUCT HORSE RACING AT THE ANNUAL SKOWHEGAN STATE FAIR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $685,829

Program Service Revenue $724,280

Investment Income $16,628

Other Revenue $232,479

TOTAL REVENUE $1,659,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,900

Fundraising Expenses $0

Program Expenses $1,484,784

Other Expenses $1,363,587

TOTAL EXPENSES $1,599,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,659,216	$1,677,411	0.0%
Expenses	$1,599,487	$1,540,908	+0.0%
Net Income	$59,729	$136,503	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

132

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS DILLION	PRESIDENT/RA	1.00	Officer Director	$0	$0	$0
MELVIN BLAISDELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RICK ANZELC	TREASURER	1.00	Officer Director	$0	$0	$0
CHAD PARTRIDGE	SECRETARY	1.00	Officer Director	$0	$0	$0
GARRETT LAMBERT	DIRECTOR/LIV	1.00	Director	$0	$0	$0
TRAVIS WORKS	DIRECTOR	1.00	Director	$0	$0	$0
WALTER HIGHT	DIRECTOR	1.00	Director	$0	$0	$0
TOBY HIGHT	DIRECTOR	1.00	Director	$0	$0	$0
F RODERICK STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
COREY HIGHT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PELLETIER	DIRECTOR/HAL	1.00	Director	$0	$0	$0
RUSTY TRAVERS	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,659,216	$1,599,487	$6,881,418	$59,729
2024	$1,677,411	$1,540,908	$6,674,482	$136,503
2023	$1,547,555	$1,381,004	$6,551,214	$166,551
2022	$1,732,782	$1,427,093	$6,372,285	$305,689
2021	$1,549,917	$1,260,200	$6,125,875	$289,717
2020	$105,740	$267,350	$6,049,919	$-161,610
2019	$1,240,206	$1,200,149	$6,013,249	$40,057
2018	$1,202,407	$1,234,110	$6,024,451	$-31,703