HOWARD CO FAIR AND LIVESTOCK ASSOC (EIN 113662683) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

HOWARD COUNTY FAIR AND LIVESTOCK ASSOCIATION, founded in 1968, is a micro nonprofit in the Recreation & Sports sector that reported $90K in total revenue in fiscal year 2018. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $653K represent 87 months of operating reserves.

Mission

THE HOWARD COUNTY FAIR AND LIVESTOCK ASSOCIATION EXISTS TO PROMOTE, IMPROVE AND ENRICH THE LIFE OF RURAL AND FARM FAMILIES IN OUR COUNTY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $219,654

Investment Income $198

Other Revenue $0

TOTAL REVENUE $219,852

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $228,670

Other Expenses $228,170

TOTAL EXPENSES $228,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,852	$183,020	+0.2%
Expenses	$228,670	$182,520	+0.3%
Net Income	$-8,818	$500	-18.6%

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

N/A

Volunteers

N/A

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
BETH LAMB	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HATHCOAT	DIRECTOR	1.00	Director	$0	$0	$0
KAITLIN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
TUGI MYERS	DIRECTOR	1.00	Director	$0	$0	$0
BILL BEAN	DIRECTOR	1.00	Director	$0	$0	$0
KARTER CASTLEBERRY	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MARK KITCHENS	PRESIDENT	2.00	Officer	$0	$0	$0
JOHN RAULERSON	TREASURER	2.00	Officer	$0	$0	$0
SYDNEY REED	SECRETARY	2.00	Officer	$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	No data	No data	No data	No data
2023	$219,852	$228,670	$669,869	$-8,818
2022	$183,020	$182,520	$666,609	$500
2021	$169,805	$161,252	$651,109	$8,553
2020	$91,612	$91,948	$642,556	$-336
2019	$98,218	$108,547	$642,892	$-10,329
2018	$90,094	$88,495	$653,221	$1,599

HOWARD CO FAIR AND LIVESTOCK ASSOC