FARMER CITY FAIR ASSOCIATION (EIN 370268573) - 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

1935

Legal Domicile

Principal Officer

Curtis Homann

Phone

2173773174

Tax Period

2023-01-01 to 2023-12-31

FARMER CITY FAIR ASSOCIATION, founded in 1935, is a small nonprofit in the Recreation & Sports sector that reported $192K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $165K left a modest 14% surplus.

Mission

To improve the breeding of livestock, agricultural products. or exhibition of horses and livestock, agricultural farm and dairy products, and horse shows; to hold fairs and operate and maintain an animal and motor vehicle raceway and to provide entertainment for the local community; and to acquire and manage real estate necessary for the above corporate purposes together with matters incidental to or usual or necessary in performing or carrying out any of the above stated objectives.

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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 $61,825

Program Service Revenue $31,216

Investment Income $0

Other Revenue $98,493

TOTAL REVENUE $191,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $164,579

TOTAL EXPENSES $164,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,534	$232,288	-0.2%
Expenses	$164,579	$160,948	+0.0%
Net Income	$26,955	$71,340	-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

N/A

Volunteers

100

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	Role	Reportable Comp	Other Comp	Total
Lance Spieker	VP	Director	$0	$0	$0
Glenn Curtis	Treasurer	Director	$0	$0	$0
Marty Price	Secretary	Director	$0	$0	$0
Curtis Homann	President	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
2024	No data	No data	No data	No data
2023	$191,534	$164,579	$721,796	$26,955
2022	$232,288	$160,948	$675,757	$71,340
2021	$175,065	$134,505	$573,754	$40,560
2020	$189,304	$94,876	$543,743	$94,428

FARMER CITY FAIR ASSOCIATION