THE HENDRICKS COUNTY 4-H & AGRICULTURAL FAIR ASSN INC (EIN 356036750) - 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

1938

Legal Domicile

Principal Officer

STEVEN L PATTERSON

Phone

3177186156

Tax Period

2023-01-01 to 2023-12-31

THE HENDRICKS COUNTY 4-H & AGRICULTURAL FAIR ASSN INC, founded in 1938, is a community nonprofit in the Youth Development sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.4M left a modest 9% surplus.

Mission

TO OPERATE A YEAR-ROUND EVENT COMPLEX THAT BENEFITS ALL HENDRICKS COUNTY RESIDENTS AND TO PRODUCE A SUCCESSFUL ANNUAL 4-H COUNTY FAIR, WHILE ENHANCING ECONOMIC GROWTH AND INCREASING COMMUNITY INVOLVEMENT IN HENDRICKS COUNTY AND SHOWCASING THE VALUE OF THE FAIRGROUNDS THROUGH EFFICIENT OPERATIONS AND MAINTENANCE OF THE FACILITY.

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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 $865,701

Program Service Revenue $587,955

Investment Income $14,534

Other Revenue $91,575

TOTAL REVENUE $1,559,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,373

Fundraising Expenses $53,304

Program Expenses $1,258,405

Other Expenses $1,213,110

TOTAL EXPENSES $1,419,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,559,765	$1,670,568	-0.1%
Expenses	$1,419,483	$1,302,280	+0.1%
Net Income	$140,282	$368,288	-0.6%

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

Volunteers

150

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

$104,391

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BEESON	PRESIDENT	2.00	Officer Director	$0	$0	$0
STACI WILLIAMS	TREASURER	2.00	Officer Director	$0	$0	$0
I E LEWIS	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT MATHIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM BROYLES	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTI FEENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE FRAZEE	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN GACKENHEIMER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE HAZELGROVE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS MENCHHOFER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK OLIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA SEXTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAWN WEST	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM WHICKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN L PATTERSON	EXECUTIVE DIRECTOR	40.00	Officer	$97,750	$6,641	$104,391

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	$1,559,765	$1,419,483	$1,982,161	$140,282
2022	$1,670,568	$1,302,280	$1,856,877	$368,288
2021	$1,370,140	$1,201,706	$1,779,707	$168,434
2020	$912,967	$876,843	$1,448,755	$36,124
2019	$1,073,398	$1,115,098	$1,156,715	$-41,700
2018	$1,074,425	$1,126,270	$1,210,094	$-51,845

THE HENDRICKS COUNTY 4-H & AGRICULTURAL FAIR ASSN INC