FRIENDS OF MERCED COUNTY FAIR INC

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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

2006

Legal Domicile

Principal Officer

ERIC BIANCHI

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF MERCED COUNTY FAIR INC, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $108K in total revenue in fiscal year 2022. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 67% operating margin.

Mission

TO MAKE IMPROVEMENTS TO THE MERCED COUNTY FAIRGROUNDS, OWNED BY THE STATE OF CALIFORNIA. IMPROVEMENTS ARE CAPITALIZED UNTIL FINISHED AT WHICH POINT THEY ARE TURNED OVER TO THE STATE OF CALIFORNIA.

Program Service Accomplishments

Program 1

Expenses: $27,026 Revenue: $39,505

SOLICITATION OF DUES AND CONTRIBUTIONS FOR IMPROVEMENTS TO MERCED COUNTY'S STATE OF CALIFORNIA'S FAIRGROUNDS. OUTREACH TO THE PUBLIC TO EDUCATE THEM OF THE NEED FOR IMPROVEMENTS TO THE FAIRGROUNDS TO PRESERVE THE AGRICULTURAL ACTIVITIES AND TRADITIONS OF MERCED COUNTY AND TO SOLICIT CONTRIBUTIONS TOWARDS THIS EFFORT. HOSTING A BOOTH AT THE MERCED COUNTY FAIR TO EDUCATE THE PUBLIC ABOUT THE ORGANIZATION AND THE GOALS AND PROGRESS OF THE ORGANIZATION. LOCAL BUSINESS ENTITIES SPONSOR AND PROVIDE REFRESHMENTS FOR HELP IN THE SOLICIATION OF CONTRIBUTIONS AND MEMBERSHIPS IN OUR ORGANIZATION.

Program 2

Revenue: $59,020

THE BOARD OF DIRECTORS OVER SEE THE EXPENDITURES OF FUNDS FOR THE IMPROVEMENTS TO THE FAIR GROUNDS. THIS YEARS IMPROVEMENT TOTALED 22,595 AND INCLUDED: -LIVESTOCK WASH RACK BUILDING IMPROVEMENTS...

THE BOARD OF DIRECTORS OVER SEE THE EXPENDITURES OF FUNDS FOR THE IMPROVEMENTS TO THE FAIR GROUNDS. THIS YEARS IMPROVEMENT TOTALED 22,595 AND INCLUDED: -LIVESTOCK WASH RACK BUILDING IMPROVEMENTS -COMMERCIAL FREEZER FOR RENTAL PROPERTIES -FLOORING FOR ADMINISTRATIVE OFFICES THE BOARD OF DIRECTOR ALLOCATED FUND TO LOCAL AGRICULTURAL GROUPS THAT UTILIZE THE FAIRGROUND PROPERTY AND VOLUNTEER SERVICES TO THE FAIR GROUNDS. THIS YEAR 800 WAS ALLOCATED TO FOUR DIFFERENCT LOCAL GROUPS.

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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 $9,924

Program Service Revenue $98,525

Investment Income $0

Other Revenue $0

TOTAL REVENUE $108,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,362

Program Expenses $27,026

Other Expenses $25,498

TOTAL EXPENSES $35,298

Year-over-Year Comparison

	2022	2021	Change
Revenue	$108,449	$73,824	+0.5%
Expenses	$35,298	$42,343	-0.2%
Net Income	$73,151	$31,481	+1.3%

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

N/A

Volunteers

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
JEANNE GIAMPAOLI	DIRECTOR	N/A	Director	$0	$0	$0
JULIE HORAL	DIRECTOR	N/A	Director	$0	$0	$0
WALT KOEHN	DIRECTOR	N/A	Director	$0	$0	$0
COURTNEY LAWLER	OFFICER	N/A	Director	$0	$0	$0
KARI MAY	OFFICER	N/A	Director	$0	$0	$0
STEVE MOITOZO	DIRECTOR	N/A	Director	$0	$0	$0
JIM PACHECO	DIRECTOR	N/A	Director	$0	$0	$0
PHIL SCHIBER	DIRECTOR	N/A	Director	$0	$0	$0
DENISE SKIDMORE	DIRECTOR	N/A	Director	$0	$0	$0
ERIC BIANCHI	PRESIDENT	N/A	Officer	$0	$0	$0
LUCIA FARAO	SECRETARY	N/A	Officer	$0	$0	$0
AMANDA NEAL	TREASURER	N/A	Officer	$0	$0	$0
JOHN PEDROZO	VICE PRES.	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
2022	$108,449	$35,298	$253,737	$73,151
2021	$73,824	$42,343	$180,586	$31,481
2020	$98,684	$99,070	$149,103	$-386
2019	$132,790	$84,762	$149,489	$48,028
2018	$112,031	$1,285,084	$101,461	$-1,173,053