PATRICK COUNTY AGRICULTURAL FAIR I… - Form 990 Financial Data

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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

1961

Legal Domicile

Principal Officer

PAUL T SWAILS JR

Phone

2766944400

Tax Period

2023-07-01 to 2024-06-30

PATRICK COUNTY AGRICULTURAL FAIR INCORPORATED, founded in 1961, is a small nonprofit in the Recreation & Sports sector that reported $247K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $45K, a strong 18% operating margin.

Mission

ORGANIZE AND CONDUCT THE PATRICK COUNTY AGRICULTURAL FAIR IN ORDER TO SUPPORT THE CHARITABLE PROJECTS OF THE STUART ROTARY CLUB AND TO ASSIST PATRICK COUNTY BY DEVELOPING AND IMPROVING ROTARY FIELD, TO BE USED BY THE PUBLIC FOR RECREATION, MEETINGS, SCHOOL FUNCTIONS, EMERGENCY SERVICES, ETC.

Program Service Accomplishments

Program 1

Expenses: $200,665 Revenue: $0

ORGANIZE AND CONDUCT THE PATRICK COUNTY FAIR. THE FAIR RAISES FUNDS TO PAY FOR THE CHARITABLE ACTIVITIES DESCRIBED BELOW. THE FAIR ALSO PROVIDES AGRICULTURAL EDUCATION AND ENTERTAINMENT TO PATRICK...

ORGANIZE AND CONDUCT THE PATRICK COUNTY FAIR. THE FAIR RAISES FUNDS TO PAY FOR THE CHARITABLE ACTIVITIES DESCRIBED BELOW. THE FAIR ALSO PROVIDES AGRICULTURAL EDUCATION AND ENTERTAINMENT TO PATRICK COUNTY RESIDENTS AND FUNDRAISING OPPORTUNITIES FOR LOCAL CHARITIES LIKE THE BOY SCOUTS AND PATRICK COUNTY HIGH SCHOOL BAND.

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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 $24,377

Program Service Revenue $212,597

Investment Income $3,958

Other Revenue $6,133

TOTAL REVENUE $247,065

Expense Breakdown

Grants Paid $19,910

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,665

Other Expenses $181,922

TOTAL EXPENSES $201,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,065	$226,789	+0.1%
Expenses	$201,832	$175,696	+0.1%
Net Income	$45,233	$51,093	-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

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
PAUL T SWAILS JR	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JULIA HENNESSEY	TREASURER	5.00	Officer Director	$0	$0	$0
ANNA LESTER	SECRETARY	5.00	Officer Director	$0	$0	$0
RICHARD COLE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HARROD	DIRECTOR	2.00	Director	$0	$0	$0
STANLEY FAIN	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE KIRKPATRICK	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM CLARK	DIRECTOR	2.00	Director	$0	$0	$0
KRISTIE BENTLEY	DIRECTOR	2.00	Director	$0	$0	$0
BRENT CARDWELL	DIRECTOR	2.00	Director	$0	$0	$0
PAULA DRADY	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
2025	No data	No data	No data	No data
2024	$247,065	$201,832	$751,340	$45,233
2023	$226,789	$175,696	$703,470	$51,093
2022	$98,136	$100,532	$652,377	$-2,396
2021	$54,764	$66,379	$754,773	$-11,615

PATRICK COUNTY AGRICULTURAL FAIR INCORPORATED