NORTHWEST FLORIDA FAIR ASSOC INC (EIN 237397197) - 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

1990

Legal Domicile

Principal Officer

CHARLES W RIGDON

Phone

8508620211

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST FLORIDA FAIR ASSOC INC, founded in 1990, is a small nonprofit in the Recreation & Sports sector that reported $167K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $203K exceeded revenue, resulting in a 21% operating deficit.

Mission

CONDUCT AND OPERATE A PUBLIC FAIR AND EXPOSITION FOR THE BENEFIT AND DEVELOPMENT OF THE AGRICULTURAL, HORTICULTURAL, LIVESTOCK OR OTHER RESOURCES OF OKALOOSA COUNTY, FL, AND PROMOTE FOR THE SOLE PURPOSE OF THE BENEFIT AND DEVELOPMENT OF SUCH EDUCATIONAL, AGRICULTURAL, LIVESTOCK, AND OTHER RESOURCES OF THE STATE OF FLORIDA

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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 $0

Program Service Revenue $165,199

Investment Income $0

Other Revenue $2,203

TOTAL REVENUE $167,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,188

Fundraising Expenses $18,667

Program Expenses $128,094

Other Expenses $176,572

TOTAL EXPENSES $202,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,402	$213,693	-0.2%
Expenses	$202,760	$173,881	+0.2%
Net Income	$-35,358	$39,812	-1.9%

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

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
CLYDE JACKSON	PRESIDENT	N/A	Director	$0	$0	$0
JAMIE NABORS	DIRECTOR	N/A	Director	$0	$0	$0
STEVE PETERMANN	VICE PRESIDE	N/A	Director	$0	$0	$0
CHARLES W RIGDON	CEO/SEC-TREA	N/A	Officer Director	$0	$0	$0
BRIAN SPARLING	PRESIDENT	N/A	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	No data	No data	No data	No data
2023	$167,402	$202,760	$333,565	$-35,358
2022	$213,693	$173,881	$377,137	$39,812
2021	$168,226	$169,368	$349,223	$-1,142
2020	$72,053	$114,096	$350,365	$-42,043
2019	$236,640	$235,405	$380,796	$1,235

NORTHWEST FLORIDA FAIR ASSOC INC