SUSSEX COUNTY FARM AND HORSE SHOW ASSOCIATION INC (EIN 221720078) - 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

1940

Legal Domicile

Principal Officer

JOAN SMITH

Phone

9739485500

Tax Period

2023-01-01 to 2023-12-31

SUSSEX COUNTY FARM AND HORSE SHOW ASSOCIATION INC, founded in 1940, is a community nonprofit in the Recreation & Sports sector that reported $3.1M in total revenue in fiscal year 2023. Expenses of $2.9M left a modest 6% surplus.

Mission

THE ASSOCIATION'S EXEMPT PURPOSES ARE TO CONDUCT THE SUSSEX COUNTY FARM AND HORSE SHOW (ALSO KNOWN AS THE NEW JERSEY STATE FAIR), BRING ATTENTION TO SUSSEX COUNTY, NEW JERSEY THROUGH COMMUNITY PARTICIPATION, ENCOURAGE LEADERSHIP, SPORTSMANSHIP AND DEVELOPMENT IN THE YOUTH OF THE COUNTY, DEVELOP AGRICULTURE IN ALL ITS BRANCHES, AND SUPPORT SUSSEX COUNTY, NEW JERSEY CHARITIES TO LESSEN BURDENS ON LOCAL COMMUNITIES IN MEETING THEIR HUMAN, HEALTH, AND WELFARE NEEDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $403,198

Program Service Revenue $2,487,853

Investment Income $5,436

Other Revenue $167,795

TOTAL REVENUE $3,064,282

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $528,898

Fundraising Expenses $50,695

Program Expenses $2,674,290

Other Expenses $2,361,767

TOTAL EXPENSES $2,895,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,064,282	$3,154,407	0.0%
Expenses	$2,895,165	$2,780,296	+0.0%
Net Income	$169,117	$374,111	-0.5%

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

133

Volunteers

800

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN SMITH	PRESIDENT	10.00	Officer Director	$0	$0	$0
HOWARD WORTS	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
BARBARA THOMAS	TREASURER	10.00	Officer Director	$0	$0	$0
LYNN PRTORICH	SECRETARY	2.00	Officer Director	$0	$0	$0
LEEANN SWENSON	TRUSTEE	2.00	Director	$0	$0	$0
JOHN HAFTEK	TRUSTEE	2.00	Director	$0	$0	$0
TIFFANY KUNZ	TRUSTEE	2.00	Director	$0	$0	$0
DENNIS SANSALE	TRUSTEE	2.00	Director	$0	$0	$0
JOE PHILLIPS	TRUSTEE	2.00	Director	$0	$0	$0
SUE STRUBLE	TRUSTEE	2.00	Director	$0	$0	$0
JEFF POST	TRUSTEE	2.00	Director	$0	$0	$0
ERIC KUNZ	TRUSTEE	2.00	Director	$0	$0	$0
SHERMAN TOMASINO	TRUSTEE	2.00	Director	$0	$0	$0
REBECCA GOLDSWORTHY	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD HAMMLER	TRUSTEE	2.00	Director	$0	$0	$0
JC COWELL	TRUSTEE	2.00	Director	$0	$0	$0
LINDA KLIM	TRUSTEE	2.00	Director	$0	$0	$0
MIKE RICHARDS	FAIR MANAGER	40.00	Officer	$80,000	$0	$80,000

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	$3,064,282	$2,895,165	$4,389,928	$169,117
2022	$3,154,407	$2,780,296	$4,283,219	$374,111
2021	$2,708,757	$2,165,413	$4,070,051	$543,344
2020	$209,117	$952,524	$3,334,986	$-743,407
2019	$2,747,121	$2,913,569	$3,670,024	$-166,448
2018	$2,640,416	$2,915,545	$3,933,840	$-275,129

SUSSEX COUNTY FARM AND HORSE SHOW ASSOCIATION INC