BOONE COUNTY FAIR ASSOCIATION

EIN: 237166010 501(c)(3) Food, Agriculture & Nutrition

BELVIDERE, IL

Total Revenue
$2,527,436
Total Expenses
$2,159,677
Total Assets
$4,723,859
Net Assets
$3,891,964
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
IL
Principal Officer
JACK RATCLIFFE
Phone
8155442900
Tax Period
2023-10-01 to 2024-09-30

BOONE COUNTY FAIR ASSOCIATION, founded in 1957, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.6M in total revenue in fiscal year 2017.

Mission

OPERATION OF AN AGRICULTURAL COUNTY FAIR. MANY SERVICE CLUBS AND TAX-EXEMPT ORGANIZATIONS USE FAIR AS THEIR FUND RAISERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $181,902
Program Service Revenue $2,333,997
Investment Income $5,984
Other Revenue $5,553
TOTAL REVENUE $2,527,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $339,570
Fundraising Expenses $0
Program Expenses $2,006,397
Other Expenses $1,820,107
TOTAL EXPENSES $2,159,677

Year-over-Year Comparison

2023 2022 Change
Revenue $2,527,436 $2,144,987 +0.2%
Expenses $2,159,677 $1,654,850 +0.3%
Net Income $367,759 $490,137 -0.2%
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

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Governance

Voting Members
36
Independent Members
36
Employees
13
Volunteers
50

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
$40,000
Total Directors
36
$40,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK RATCLIFFE PRESIDENT 5.00
Officer Director
$10,000 $0 $10,000
SUSAN BANKS SECRETARY 5.00
Officer Director
$10,000 $0 $10,000
RUSSELL CALDWELLL TREASURER 5.00
Officer Director
$10,000 $0 $10,000
JOHN HENNINGER VICE-PRESIDENT 5.00
Officer Director
$10,000 $0 $10,000
GORDAN BUTT DIRECTOR 5.00
Director
$0 $0 $0
RUTH BLASINGAME DIRECTOR 5.00
Director
$0 $0 $0
SHERI BOCHMAN DIRECTOR 5.00
Director
$0 $0 $0
KELLY CHRISTENSEN DIRECTOR 5.00
Director
$0 $0 $0
JO ELLEN COLEMAN DIRECTOR 5.00
Director
$0 $0 $0
ED COSMAN DIRECTOR 5.00
Director
$0 $0 $0
DON ELLWANGER DIRECTOR 5.00
Director
$0 $0 $0
KEN FIDDER DIRECTOR 5.00
Director
$0 $0 $0
SHARYN GESKE DIRECTOR 5.00
Director
$0 $0 $0
TODD HEGGE DIRECTOR 5.00
Director
$0 $0 $0
AR HENNINGER DIRECTOR 5.00
Director
$0 $0 $0
IRIS HUMPHRY DIRECTOR 5.00
Director
$0 $0 $0
MELISSA IRWIN DIRECTOR 5.00
Director
$0 $0 $0
ED KASPER DIRECTOR 5.00
Director
$0 $0 $0
TERI KEEGAN DIRECTOR 5.00
Director
$0 $0 $0
JEREMY MEYERS DIRECTOR 5.00
Director
$0 $0 $0
JOE MUZZILLO DIRECTOR 5.00
Director
$0 $0 $0
JOHN NALL DIRECTOR 5.00
Director
$0 $0 $0
BRIAN O'DELL DIRECTOR 5.00
Director
$0 $0 $0
BRYSON O'DELL DIRECTOR 5.00
Director
$0 $0 $0
RICK O'DELL DIRECTOR 5.00
Director
$0 $0 $0
DEAN PAGE DIRECTOR 5.00
Director
$0 $0 $0
TOM RATCLIFFE DIRECTOR 5.00
Director
$0 $0 $0
BOB SCHERER DIRECTOR 5.00
Director
$0 $0 $0
JASON SCHMELING DIRECTOR 5.00
Director
$0 $0 $0
ROCKY TEMPLE DIRECTOR 5.00
Director
$0 $0 $0
DAVE TINBERG DIRECTOR 5.00
Director
$0 $0 $0
JEFF VANCE DIRECTOR 5.00
Director
$0 $0 $0
BRAD WALTER DIRECTOR 5.00
Director
$0 $0 $0
HUNTER WALTER DIRECTOR 5.00
Director
$0 $0 $0
BUTCH PETERS DIRECTOR 5.00
Director
$0 $0 $0
SHANNON WALTER 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 $2,527,436 $2,159,677 $4,723,859 $367,759
2023 $2,144,987 $1,654,850 $3,658,065 $490,137
2023 $2,382,650 $1,875,834 $3,617,119 $506,816
2022 $2,136,065 $1,660,306 $3,492,659 $475,759
2021 $1,687,537 $1,496,837 $3,013,747 $190,700
2020 $403,932 $606,625 $2,760,529 $-202,693
2019 $1,737,950 $1,559,971 $2,994,378 $177,979
2018 $1,582,143 $1,556,309 $2,564,152 $25,834
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