EASTERN STATES EXPOSITION (EIN 042108354) - Form 990 Financial Analysis & Trantor Score

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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

1923

Legal Domicile

Principal Officer

EUGENE CASSIDY

Phone

4137372443

Tax Period

2024-01-01 to 2024-12-31

EASTERN STATES EXPOSITION, founded in 1923, is a mid-sized nonprofit in the Recreation & Sports sector that reported $37.5M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.7M, a strong 18% operating margin.

Mission

EASTERN STATES EXPOSITION IS A NOT-FOR-PROFIT CORPORATION COMMITTED TO EXCELLENCE IN PROVIDING YEAR-ROUND OPPORTUNITIES FOR THE DEVELOPMENT AND PROMOTION OF AGRICULTURE, EDUCATION, INDUSTRY AND FAMILY ENTERTAINMENT WHILE PRESERVING OUR NEW ENGLAND HERITAGE.

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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 $0

Program Service Revenue $36,947,204

Investment Income $738,770

Other Revenue $-148,880

TOTAL REVENUE $37,537,094

Expense Breakdown

Grants Paid $210,460

Salaries & Benefits $7,266,096

Fundraising Expenses $0

Program Expenses $28,590,092

Other Expenses $23,356,205

TOTAL EXPENSES $30,832,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,537,094	$32,182,767	+0.2%
Expenses	$30,832,761	$29,104,261	+0.1%
Net Income	$6,704,333	$3,078,506	+1.2%

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

934

Volunteers

2305

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

$662,587

Total Directors

$662,587

Key Employees

$196,732

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENE J CASSIDY	PRESIDENT/CEO	50.00	Officer Director	$519,105	$143,482	$662,587
WILLIAM M STAMP JR	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
GORDON MACPHEE	DIRECTOR	1.00	Director	$0	$0	$0
AMY SENEW	DIRECTOR	1.00	Director	$0	$0	$0
DONALD MAREAN	DIRECTOR	1.00	Director	$0	$0	$0
ROGER ALLBEE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD P ROBERTS ESQ	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL MONETTE	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA SEIFERT	DIRECTOR (ENDED 5/16/2024)	1.00	Director	$0	$0	$0
DAVID ALLEN	DIRECTOR (ENDED 5/16/2024)	1.00	Director	$0	$0	$0
MARGARET DRYE	DIRECTOR	1.00	Director	$0	$0	$0
JON OLSON	DIRECTOR	1.00	Director	$0	$0	$0
GREG BREENE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID C HENRY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CYNTHIA WESTOVER	DIRECTOR (AS OF 5/16/2024)	1.00	Director	$0	$0	$0
ROBERT STARR	DIRECTOR (AS OF 5/16/2024)	1.00	Director	$0	$0	$0
ROBERT W SANTY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES R LYMAN	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT W SPEAR	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT F SPOERL	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINE BYRNE	DIRECTOR OF FINANCE	50.00	Key Emp	$170,988	$25,744	$196,732
CLIFFORD HEDGES	DIRECTOR-SECURITY	50.00	Highest	$144,904	$10,192	$155,096
TIMOTHY GARSTKA	DIRECTOR-SALES	50.00	Highest	$179,996	$37,216	$217,212
JESSICA FONTAINE	DIRECTOR-HR & EDUCATION	50.00	Highest	$118,688	$24,170	$142,858
STEVE FERRARO	DIRECTOR OF OPERATIONS	50.00	Highest	$113,635	$22,896	$136,531
ELENA HOVAGIMIAN	DIRECTOR OF ARGICULTURE	50.00	Highest	$112,859	$19,201	$132,060

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
2024	$37,537,094	$30,832,761	$62,753,114	$6,704,333
2023	$32,182,767	$29,104,261	$55,963,626	$3,078,506
2022	$30,863,974	$26,402,162	$53,791,873	$4,461,812
2021	$35,856,934	$21,862,928	$51,715,306	$13,994,006
2020	$1,520,021	$11,275,608	$37,552,900	$-9,755,587
2019	$26,125,050	$24,215,266	$43,612,945	$1,909,784
2018	$23,731,035	$22,927,069	$41,423,532	$803,966

EASTERN STATES EXPOSITION