HERKIMER COUNTY FAIR ASSOCIATION INCORPORATED

EIN: 223031391 501(c)(3) Recreation & Sports

FRANKFORT, NY

Total Revenue
$536,619
Total Expenses
$534,478
Total Assets
$1,109,003
Net Assets
$1,109,003
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
NY
Principal Officer
RICK ELTHORP
Phone
3158957464
Tax Period
2024-12-01 to 2025-11-30

HERKIMER COUNTY FAIR ASSOCIATION INCORPORATED, founded in 1954, is a small nonprofit in the Recreation & Sports sector that reported $537K in total revenue in fiscal year 2024. Net assets of $1.1M represent 25 months of operating reserves.

Mission

EDUCATION AND PROMOTION OF AGRICULTURAL ACTIVITIES

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,700
Program Service Revenue $480,925
Investment Income $1,860
Other Revenue $52,134
TOTAL REVENUE $536,619

Expense Breakdown

Grants Paid $104,830
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $489,672
Other Expenses $429,648
TOTAL EXPENSES $534,478

Year-over-Year Comparison

2024 2023 Change
Revenue $536,619 N/A N/A
Expenses $534,478 N/A N/A
Net Income $2,141 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
70

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE COOL TREASURER N/A
Officer
$0 $0 $0
CLARENCE DYGERT VICE PRESIDENT N/A
Officer
$0 $0 $0
KATHY ELTHORP SECRETARY N/A
Officer
$0 $0 $0
RICK ELTHORP PRESIDENT N/A
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
2025 $536,619 $534,478 $1,109,003 $2,141
2025 $536,619 $534,478 $1,109,003 $2,141
2024 $378,746 $370,559 $1,163,790 $8,187
2022 $372,714 $322,181 $1,136,392 $50,533
2021 $319,827 $292,302 $1,095,108 $27,525
2020 $107,670 $131,005 $1,075,795 $-23,335
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HERKIMER COUNTY FAIR ASSOCIATION INCORPORATED with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.