NORCO FAIR COMMITTEE

EIN: 272258720 Recreation & Sports

Norco, CA

Total Revenue
$695,214
Total Expenses
$517,442
Total Assets
$522,733
Net Assets
$493,285
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Phone
7142933397
Tax Period
2023-01-01 to 2023-12-31

NORCO FAIR COMMITTEE, founded in 2010, is a small nonprofit in the Recreation & Sports sector that reported $695K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 26% operating margin.

Mission

The Norco Community Fair is an annual event held on Labor Day Weekend. This event is affordable to all families and open to the public. The fair is an all volunteer event with participation and positions held by the various non-profit organizations and individuals. The mission of the organization is to provide the community with educational activities and entertainment, and to promote a sense of community and volunteerism. Activities and entertainment include, but are not limited to: the showcasing of animals, craft competition, pet parade, dances, bands, rodeo and carnivals. In addition, surplus generated from the event are donated to various national and local non-profit organizations.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $110,518
Program Service Revenue $584,616
Investment Income $80
Other Revenue $0
TOTAL REVENUE $695,214

Expense Breakdown

Grants Paid $21,260
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $517,298
Other Expenses $496,182
TOTAL EXPENSES $517,442

Year-over-Year Comparison

2023 2022 Change
Revenue $695,214 $411,326 +0.7%
Expenses $517,442 $440,646 +0.2%
Net Income $177,772 $-29,320 -7.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
60
Independent Members
60
Employees
N/A
Volunteers
175

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELSEY GAUSE Treasurer 5.00
Officer Director
$0 $0 $0
JON GRUNDMEYER President 5.00
Officer Director
$0 $0 $0
JENNIFER GILMORE Treasurer 20.00
Officer Director
$0 $0 $0
Joanne Aikins Secretary 5.00
Officer Director
$0 $0 $0
Kevin Emenaker Vice President 5.00
Officer 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 $695,214 $517,442 $522,733 $177,772
2022 $411,326 $440,646 $316,168 $-29,320
2019 $328,839 $310,858 $357,138 $17,981
2018 $374,992 $308,497 $347,948 $66,495
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