Knox County Agricultural Board and Fair Association (EIN 370602626) - 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

1941

Legal Domicile

Principal Officer

Ted Inness

Phone

3092892714

Tax Period

2023-10-01 to 2024-09-30

Knox County Agricultural Board and Fair Association, founded in 1941, is a small nonprofit that reported $664K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $144K, a strong 22% operating margin.

Mission

Organize and facilitate the Knox County Agricultural Fair and maintain the building and grounds.

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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 $145,597

Program Service Revenue $439,998

Investment Income $8

Other Revenue $78,239

TOTAL REVENUE $663,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,007

Fundraising Expenses $0

Other Expenses $504,097

TOTAL EXPENSES $520,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$663,842	$896,050	-0.3%
Expenses	$520,104	$894,227	-0.4%
Net Income	$143,738	$1,823	+77.8%

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

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
Ted Inness	President	1.00	Officer Director	$0	$0	$0
Josh Smith	Vice President	1.00	Officer Director	$0	$0	$0
Mallory Tolley	Secretary	1.00	Officer Director	$0	$0	$0
Darcy Thorp	Treasurer	1.00	Officer Director	$0	$0	$0
Rick Flacco	Director	0.00	Director	$0	$0	$0
Scott Erickson	Director	0.00	Director	$0	$0	$0
Ty Landon	Director	0.00	Director	$0	$0	$0
Missy Lindquist	Director	0.00	Director	$0	$0	$0
Tim Eagle	Director	0.00	Director	$0	$0	$0
Jeanne Gardner	Director	0.00	Director	$0	$0	$0
Scott Anderson	Director	0.00	Director	$0	$0	$0
Jared Murdock	Director	0.00	Director	$0	$0	$0
Kevin Stone	Director	0.00	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	$663,842	$520,104	$561,695	$143,738
2023	$896,050	$894,227	$245,870	$1,823
2022	$569,781	$478,212	$244,047	$91,569
2021	$385,520	$381,067	$176,012	$4,453
2020	$139,765	$167,082	$113,375	$-27,317

Knox County Agricultural Board and Fair Association