Goshen Agricultural Society Inc (EIN 066055402) - 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

1910

Legal Domicile

Principal Officer

Richard Wadhams

Phone

8604913655

Tax Period

2024-01-01 to 2024-12-31

Goshen Agricultural Society Inc, founded in 1910, is a small nonprofit in the Recreation & Sports sector that reported $650K in total revenue in fiscal year 2024. Expenses of $794K exceeded revenue, resulting in a 22% operating deficit.

Mission

Agricultural Education and Awareness

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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 $10,209

Program Service Revenue $518,764

Investment Income $5,970

Other Revenue $115,173

TOTAL REVENUE $650,116

Expense Breakdown

Grants Paid $6,124

Salaries & Benefits $99,335

Fundraising Expenses $0

Program Expenses $662,595

Other Expenses $688,130

TOTAL EXPENSES $793,589

Year-over-Year Comparison

	2024	2023	Change
Revenue	$650,116	$678,814	0.0%
Expenses	$793,589	$591,075	+0.3%
Net Income	$-143,473	$87,739	-2.6%

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

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

$10,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Fraher	President	10.00	Officer	$0	$0	$0
Barbara Breor	Vice President	5.00	Officer	$3,500	$0	$3,500
Michelle Pannullo	Secretary	5.00	Officer	$3,500	$0	$3,500
Catherine Corwin	Treasurer	8.00	Officer	$3,500	$0	$3,500
Donald Moore	Director	5.00	Director	$0	$0	$0
Dan Kobylenski	Director	5.00	Director	$0	$0	$0
Seth Breakell	Director	5.00	Director	$0	$0	$0
Virginia Anstett	Director	5.00	Director	$0	$0	$0
Ed Pitcher	Director	5.00	Director	$0	$0	$0
Dan Belmonte	Director	5.00	Director	$0	$0	$0
Theresa Walla Kelly	Director	5.00	Director	$0	$0	$0
Will Clinton	Director	5.00	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
2024	$650,116	$793,589	$2,100,749	$-143,473
2023	$678,814	$591,075	$2,234,421	$87,739
2022	$617,226	$547,851	$2,146,682	$69,375
2021	$594,817	$461,225	$2,092,535	$133,592
2020	$72,563	$142,802	$1,978,037	$-70,239
2019	$495,629	$533,073	$2,048,276	$-37,444
2018	$547,944	$518,209	$2,085,720	$29,735

Goshen Agricultural Society Inc