FAIRGROUNDS PIPELINE GROUP

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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

2000

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FAIRGROUNDS PIPELINE GROUP, founded in 2000, is a micro nonprofit in the Mutual Benefit sector that reported $7K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $40K exceeded revenue, resulting in a 441% operating deficit.

Mission

TO PROVIDE A WATER SUPPLY FOR THE BENEFICIAL USE BY ITS STOCKHOLDERS AND OTHERWISE PROMOTING THE GENERAL INTEREST AND WELFARE OF THE STOCKHOLDERS

Program Service Accomplishments

Program 1

Expenses: $39,572 Revenue: $7,160

PROVIDING AN AFFORDABLE AND RELIABLE SUPPLY OF WATER TO ITS MEMEBERS.

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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 $7,160

Program Service Revenue $0

Investment Income $161

Other Revenue $0

TOTAL REVENUE $7,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,572

Other Expenses $39,572

TOTAL EXPENSES $39,572

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,321	$9,601	-0.2%
Expenses	$39,572	$38,171	+0.0%
Net Income	$-32,251	$-28,570	+0.1%

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

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
MARK JONES	SECRETARYTREASURYBOARD MEMB	1.00	Officer	$0	$0	$0
LYLE JONES	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$7,321	$39,572	$1,099,763	$-32,251
2022	$9,601	$38,171	$1,103,956	$-28,570
2021	$9,966	$31,353	$1,219,691	$-21,387
2019	$11,602	$41,836	$1,279,534	$-30,234
2019	$11,602	$41,836	$1,279,534	$-30,234
2018	$14,661	$24,627	$1,309,768	$-9,966
2017	$9,591	$24,667	$1,319,734	$-15,076