ONSLOW COUNTY FAIR ASSOCIATION INC (EIN 273567164) - 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

GERALD GRIFFIN

Phone

9103475690

Tax Period

2023-01-01 to 2023-12-31

ONSLOW COUNTY FAIR ASSOCIATION INC, founded in 2010, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $166K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $209K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE PURPOSES AND OBJECTIVES FOR THE CORPORATION ARE TO ENCOURAGE AND PROMOTE AGRICULTURE, DOMESTIC MANUFACTURES, AND THE MECHANIC ARTS IN ONSLOW COUNTY AND THE OPERATION OF THE COUNTY AGRICULTURAL FAIR AND EXPOSITION, INCLUDING: EXHIBITS, SHOWS, ATTRACTIONS, AMUSEMENT AND ANY OTHER ENTERPRISE WHICH IS ADAPTED, DIRECTLY OR INDIRECTLY, TO THE PURPOSE AND OBJECTIVES OF THE CORPORATION.

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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 $165,887

Investment Income $0

Other Revenue $0

TOTAL REVENUE $165,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $208,601

Other Expenses $208,601

TOTAL EXPENSES $208,601

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,887	$187,306	-0.1%
Expenses	$208,601	$131,517	+0.6%
Net Income	$-42,714	$55,789	-1.8%

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
GERALD GRIFFIN	TREASURER	N/A	Officer	$0	$0	$0
DANNY JACOBY	VICE PRESIDE	N/A	Officer	$0	$0	$0
HEATHER JACOBY	SECRETARY	N/A	Officer	$0	$0	$0
ROY OLDHAM	PRESIDENT	N/A	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	$165,887	$208,601	$84,469	$-42,714
2022	$187,306	$131,517	$127,183	$55,789
2021	$203,470	$165,213	$71,394	$38,257
2020	No data	$14,381	$33,137	No data
2019	$160,453	$126,666	$47,518	$33,787
2018	$9,068	$55,018	$13,731	$-45,950

ONSLOW COUNTY FAIR ASSOCIATION INC