SOMERSET COUNTY FAIR ASSOCIATION (EIN 251483791) - 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

1955

Legal Domicile

Principal Officer

DAVID BERKEY

Phone

8146345619

Tax Period

2022-01-01 to 2022-12-31

SOMERSET COUNTY FAIR ASSOCIATION, founded in 1955, is a small nonprofit that reported $477K in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $426K left a modest 11% surplus.

Mission

PROMOTION OF AGRICULTURE AND THE AWARENESS OF FARM LIFE AND FARM ACTIVITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $31,380

Program Service Revenue $424,415

Investment Income $72

Other Revenue $20,958

TOTAL REVENUE $476,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,176

Fundraising Expenses $0

Program Expenses $423,045

Other Expenses $420,083

TOTAL EXPENSES $426,259

Year-over-Year Comparison

	2022	2021	Change
Revenue	$476,825	$438,458	+0.1%
Expenses	$426,259	$364,104	+0.2%
Net Income	$50,566	$74,354	-0.3%

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
DAVID BERKEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
LACEY MURRAY	1ST VICE PRE	N/A	Officer Director	$0	$0	$0
CHARLES GLESSNER	DIRECTOR	N/A	Director	$0	$0	$0
CINDY DECKER	DIRECTOR	N/A	Director	$0	$0	$0
JOHN HEMMINGER	DIRECTOR	N/A	Director	$0	$0	$0
ANNETTE KNOTTS	DIRECTOR	N/A	Director	$0	$0	$0
DUTCH HEMMINGER	ASSISTANT TR	N/A	Officer Director	$0	$0	$0
WAYNE PETENBRINK	TREASURER	N/A	Officer Director	$0	$0	$0
BRYAN HAY	DIRECTOR	N/A	Director	$0	$0	$0
TINA BERKEY	DIRECTOR	N/A	Director	$0	$0	$0
JAY HEMMINGER	DIRECTOR	N/A	Director	$0	$0	$0
JEFFREY ROMESBERG	DIRECTOR	N/A	Director	$0	$0	$0
MIKE MILLER	2ND VICE PRE	N/A	Officer Director	$0	$0	$0
GREG ROHRER	DIRECTOR	N/A	Director	$0	$0	$0
ED MARTZ	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT DECKER	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT MOON	DIRECTOR	N/A	Director	$0	$0	$0
TERRY SHAULIS	DIRECTOR	N/A	Director	$0	$0	$0
ALBERT PUGH	DIRECTOR	N/A	Director	$0	$0	$0
MICHELLE DULL	ASSIST. SECR	N/A	Officer Director	$0	$0	$0
CHRISTINE HOFFMAN	DIRECTOR	N/A	Director	$0	$0	$0
GRETA DURST	SECRETARY	N/A	Officer Director	$0	$0	$0
JUSTIN KAUFMAN	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL DURST	DIRECTOR	N/A	Director	$0	$0	$0
DENISE STUPKA	DIRECTOR	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
2022	$476,825	$426,259	$1,402,057	$50,566
2021	$438,458	$364,104	$1,338,351	$74,354
2020	$331,643	$374,653	$1,263,643	$-43,010
2019	$350,423	$315,203	$1,306,653	$35,220
2018	$309,109	$271,260	$1,272,323	$37,849

SOMERSET COUNTY FAIR ASSOCIATION