HENRY COUNTY FAIR ASSOCIATION (EIN 362177373) - 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

1953

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

HENRY COUNTY FAIR ASSOCIATION, founded in 1953, is a small nonprofit that reported $458K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 30% operating margin.

Mission

ORGANIZE AND MANAGE THE HENRY COUNTY FAIR EXHIBITIONS AND ACTIVITIES TO ADVANCE AGRICULTURE AND HORTICULTURE IN HENRY COUNTY ILLINOIS.

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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 $58,079

Program Service Revenue $320,959

Investment Income $72

Other Revenue $79,385

TOTAL REVENUE $458,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,520

Fundraising Expenses $0

Program Expenses $260,564

Other Expenses $309,314

TOTAL EXPENSES $319,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$458,495	$326,133	+0.4%
Expenses	$319,834	$315,483	+0.0%
Net Income	$138,661	$10,650	+12.0%

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

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
STEVEN LARSON	DIRECTOR	0.00	Director	$0	$0	$0
AMANDA DEGRAVE	DIRECTOR	0.00	Director	$0	$0	$0
BRAD ANDERSON	DIRECTOR	0.00	Director	$0	$0	$0
JOSH ANDERSON	DIRECTOR	0.00	Director	$0	$0	$0
KRIS GRIMES	DIRECTOR	0.00	Director	$0	$0	$0
CARLA WITTER	DIRECTOR	0.00	Director	$0	$0	$0
RICK DOBBELS	DIRECTOR	0.00	Director	$0	$0	$0
DAVE BROOKS	DIRECTOR	6.00	Director	$0	$0	$0
NATHAN RAY	DIRECTOR	6.00	Director	$0	$0	$0
ASHLEY DAVIS	DIRECTOR	6.00	Director	$0	$0	$0
BARB LINK	TREASURER	10.00	Officer	$0	$0	$0
JENNIFER WEST	SECRETARY	10.00	Officer	$0	$0	$0
TODD VERHEECKE	VICE PRESIDENT	6.00	Officer	$0	$0	$0
JAKE SEYS SEYS	PRESIDENT	6.00	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	$458,495	$319,834	$854,234	$138,661
2022	$326,133	$315,483	$715,573	$10,650
2021	$331,205	$283,208	$713,228	$47,997
2020	$84,823	$60,739	$608,319	$24,084
2019	$290,448	$287,237	$584,235	$3,211
2018	$293,087	$207,478	$639,455	$85,609

HENRY COUNTY FAIR ASSOCIATION