FRIENDS OF THE FAIR FOUNDATION (EIN 311580210) - 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

1997

Legal Domicile

Principal Officer

JOHN DIMICK

Phone

5417739407

Tax Period

2024-10-01 to 2025-09-30

FRIENDS OF THE FAIR FOUNDATION, founded in 1997, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $72K in total revenue in fiscal year 2024. Revenue surged 620% from the prior year, signaling strong growth momentum. Net assets of $238K represent 40 months of operating reserves.

Mission

DISTRIBUTE PROPERTY AND MONEY TO THE JACKSON COUNTY FAIR BOARD, YOUTH AGRICULTURAL EDUCATION PROGRAMS, OR ANY OTHER TAX-EXEMPT PROGRAMS, ORGANIZATIONS, OR ENTITIES WHICH PROMOTE THE EDUCATIONAL & SCIENTIFIC ADVANCEMENT OR CHARITABLE PURPOSES OF THOSE ATTENDING OR PARTICIPATING IN EVENTS CONDUCTED BY THE JACKSON COUNTY FAIR BOARD OR OTHER ACTIVITIES HELD AT THE JACKSON COUNTY FAIRGROUNDS & EXPOSITION PARK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $72,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $72,000

Expense Breakdown

Grants Paid $64,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,781

Other Expenses $5,575

TOTAL EXPENSES $69,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,000	$10,000	+6.2%
Expenses	$69,875	$63,849	+0.1%
Net Income	$2,125	$-53,849	-1.0%

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
STEVE OLSRUD	DIRECTOR	0.50	Director	$0	$0	$0
JIM WRIGHT	DIRECTOR	0.50	Director	$0	$0	$0
J B DIMICK	DIRECTOR	0.50	Director	$0	$0	$0
JIM TEECE	SECRETARY	1.00	Officer Director	$0	$0	$0
ROB HERNANDEZ	VICE PRESIDENT	2.00	Officer	$0	$0	$0
JOHN DIMICK	PRESIDENT	2.00	Officer	$0	$0	$0
DAVID HYATT	TREASURER	1.50	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
2025	$72,000	$69,875	$237,566	$2,125
2024	$10,000	$63,849	$235,441	$-53,849
2023	$23,681	$31,043	$289,290	$-7,362
2021	$15,014	$170	$316,679	$14,844
2020	$602	$1,167	$301,835	$-565

FRIENDS OF THE FAIR FOUNDATION