WESTERN CAROLINA STATE FAIR FOUNDATION INC (EIN 264042517) - 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

2009

Legal Domicile

Principal Officer

DIANNE PHILLIPS

Phone

8032706719

Tax Period

2024-01-01 to 2024-12-31

WESTERN CAROLINA STATE FAIR FOUNDATION INC, founded in 2009, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $172K, a strong 17% operating margin.

Mission

TO PROVIDE FAIR ACTIVITIES FOR THE COMMUNITY OF AIKEN, SOUTH CAROLINA AND WESTERN SOUTH CAROLINA

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $933,855

Investment Income $5,591

Other Revenue $101,394

TOTAL REVENUE $1,040,840

Expense Breakdown

Grants Paid $7,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $835,187

Other Expenses $861,403

TOTAL EXPENSES $868,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,040,840	$867,784	+0.2%
Expenses	$868,503	$862,059	+0.0%
Net Income	$172,337	$5,725	+29.1%

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
KEVIN LUCAS	PRESIDENT	10.00	Officer	$0	$0	$0
DIANNE PHILLIPS	VP OF ADMINI	10.00	Officer	$0	$0	$0
TOMMY MOLONY	VP OF OPERAT	10.00	Officer	$0	$0	$0
WARREN LUCAS	VP OF FACILI	10.00	Officer	$0	$0	$0
KATELYNN FANNING	VP OF SPECIA	10.00	Officer	$0	$0	$0
TONY RICKARD	DIRECTOR	10.00	Director	$0	$0	$0
JOEY PATSOURAKOS	DIRECTOR	10.00	Director	$0	$0	$0
RANDY EBLEN	DIRECTOR	10.00	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	$1,040,840	$868,503	$1,789,736	$172,337
2023	$867,784	$862,059	$1,629,180	$5,725
2022	$1,010,502	$817,564	$1,556,818	$192,938
2021	$885,889	$660,266	$1,367,239	$225,623
2020	$202,580	$223,514	$1,387,480	$-20,934
2019	$773,169	$738,982	$1,158,784	$34,187
2018	$744,830	$775,770	$1,141,280	$-30,940

WESTERN CAROLINA STATE FAIR FOUNDATION INC