WASHINGTON STATE FAIR FOUNDATION (EIN 261250496) - 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

2007

Legal Domicile

Principal Officer

JERRY LARSON

Phone

2538411771

Tax Period

2023-12-01 to 2024-11-30

WASHINGTON STATE FAIR FOUNDATION, founded in 2007, is a small nonprofit in the Youth Development sector that reported $853K in total revenue in fiscal year 2023. The organization ran a surplus of $216K, a strong 25% operating margin.

Mission

THE MISSON OF THE WASHINGTON STATE FAIR FOUNDATION IS TO FINANCIALLY SUPPORT THE SCHOLARSHIP AND EDUCATIONAL PROGRAMS OF THE WASHINGTON STATE FAIR AND TO HELP PRESERVE AND IMPROVE THE WASHINGTON STATE FAIR FOR FUTURE GENERATIONS.

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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 $564,831

Program Service Revenue $0

Investment Income $206,077

Other Revenue $82,584

TOTAL REVENUE $853,492

Expense Breakdown

Grants Paid $424,121

Salaries & Benefits $106,434

Fundraising Expenses $0

Program Expenses $479,780

Other Expenses $106,960

TOTAL EXPENSES $637,515

Year-over-Year Comparison

	2023	2022	Change
Revenue	$853,492	$849,384	+0.0%
Expenses	$637,515	$674,780	-0.1%
Net Income	$215,977	$174,604	+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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

110

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

$476,668

Total Directors

$502,668

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY LARSON	DIRECTOR, PRESIDENT	10.00	Officer Director	$0	$0	$23,000
JEFF MCVICKER	DIRECTOR, VICE-PRESIDENT	10.00	Officer Director	$0	$0	$23,000
RENEE MCCLAIN	DIRECTOR, SECRETARY	10.00	Officer Director	$0	$14,868	$253,268
BILLY YUN	FORMER DIRECTOR, TREASURER	10.00	Officer Director	$0	$0	$177,400
GEOFFREY COLE	DIRECTOR, TREASURER	10.00	Officer Director	$0	$0	$0
MICHAEL NELSON	DIRECTOR	2.00	Director	$0	$0	$26,000
CLINT ABSHER	DIRECTOR	2.00	Director	$0	$0	$0
KRISTINA ALLUMS	DIRECTOR	2.00	Director	$0	$0	$0
MARY BAKER	DIRECTOR	2.00	Director	$0	$0	$0
CHRISSY BARTLETT	DIRECTOR	2.00	Director	$0	$0	$0
TANJA BISHOP	DIRECTOR	2.00	Director	$0	$0	$0
JEFF CHAMBERS	DIRECTOR	2.00	Director	$0	$0	$0
MIKE EGAN	DIRECTOR	2.00	Director	$0	$0	$0
BARB BRINER	DIRECTOR	2.00	Director	$0	$0	$0
JOLENE JONES	DIRECTOR	2.00	Director	$0	$0	$0
GARY LARSON	DIRECTOR	2.00	Director	$0	$0	$0
TABATHA JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
LIN MILLER	DIRECTOR	2.00	Director	$0	$0	$0
KATI O'BRIEN	DIRECTOR	2.00	Director	$0	$0	$0
TOM SHJERVEN	DIRECTOR	2.00	Director	$0	$0	$0
BLAIR SEXTON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN WATERSTRAAT	DIRECTOR	2.00	Director	$0	$0	$0
KENT HOJEM	FORMER DIRECTOR, SECRETARY	10.00		$0	$0	$210,113

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	$853,492	$637,515	$4,790,020	$215,977
2023	$849,384	$674,780	$4,219,235	$174,604
2022	$1,298,430	$1,271,424	$4,002,176	$27,006
2021	$791,318	$483,971	$4,707,280	$307,347
2020	$470,404	$519,199	$4,198,111	$-48,795
2019	$610,088	$637,623	$3,912,675	$-27,535
2018	$1,626,765	$1,664,127	$3,734,022	$-37,362

WASHINGTON STATE FAIR FOUNDATION