Tennessee State Fair Association (EIN 272969211) - 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

2010

Legal Domicile

Principal Officer

Randall Clemons

Phone

6156045632

Tax Period

2023-01-01 to 2023-12-31

Tennessee State Fair Association, founded in 2010, is a micro nonprofit in the Recreation & Sports sector that reported $3K in total revenue in fiscal year 2023. Revenue surged 2809% from the prior year, signaling strong growth momentum. The organization ran a surplus of $503, a strong 16% operating margin.

Mission

To promote agriculture education and the State of Tennessee to the public.

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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 $0

Program Service Revenue $0

Investment Income $3,200

Other Revenue $0

TOTAL REVENUE $3,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,697

Other Expenses $2,697

TOTAL EXPENSES $2,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,200	$110	+28.1%
Expenses	$2,697	N/A	N/A
Net Income	$503	$110	+3.6%

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
Boyd Barker	Director	1.00	Director	$0	$0	$0
Julie Bowling	Director	1.00	Director	$0	$0	$0
Randall Clemons	President Chairman	2.00	Officer Director	$0	$0	$0
Jimmy Comer	Vice President Vice Chairman	2.00	Officer Director	$0	$0	$0
David Hale	Director	2.00	Director	$0	$0	$0
Joe Holbrook	Director	2.00	Director	$0	$0	$0
William Cheek III	Director	1.00	Director	$0	$0	$0
Karen Johnson	Secretary	2.00	Officer Director	$0	$0	$0
Debra Kenerson	Director	1.00	Director	$0	$0	$0
Lyndon LaFevers	Director	2.00	Director	$0	$0	$0
Terry McPeak	Director	2.00	Director	$0	$0	$0
Emily Pitcock	Director	1.00	Director	$0	$0	$0
Rob Sherrill	Director	1.00	Director	$0	$0	$0
Donnie Steed	Director	2.00	Director	$0	$0	$0
Jim Stewart	Director	1.00	Director	$0	$0	$0
Lynette Taylor	Treasurer	2.00	Officer Director	$0	$0	$0
Johnnie Webb	Director	2.00	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	No data	No data	No data	No data
2023	$3,200	$2,697	$150,150	$503
2022	$110	$12,561	$149,647	$-12,451
2021	$26,000	$59,372	$162,098	$-33,372
2020	$127,067	$182,827	$207,490	$-55,760

Tennessee State Fair Association