LOGAN COUNTY FAIR ASSOCIATION (EIN 370662609) - 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

1939

Legal Domicile

Phone

2177323311

Tax Period

2024-01-01 to 2024-12-31

LOGAN COUNTY FAIR ASSOCIATION, founded in 1939, is a small nonprofit that reported $527K in total revenue in fiscal year 2024. The organization ran a surplus of $199K, a strong 38% operating margin.

Mission

ACTIVITIES RELATED TO OPERATIONS OF AGRICULTURAL FAIR

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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 $264,799

Program Service Revenue $332,585

Investment Income $7,343

Other Revenue $-77,731

TOTAL REVENUE $526,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,522

Fundraising Expenses $0

Program Expenses $327,735

Other Expenses $270,213

TOTAL EXPENSES $327,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$526,996	$490,516	+0.1%
Expenses	$327,735	$485,506	-0.3%
Net Income	$199,261	$5,010	+38.8%

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

N/A

Employees

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

$6,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAYTON IRWIN	Secretary	5.00	Officer	$6,000	$0	$6,000
LARRY STANFIELD	Director	5.00	Director	$0	$0	$0
KEVIN KURTZ	Director	5.00	Director	$0	$0	$0
NATHAN APPLEGATE	Director	5.00	Director	$0	$0	$0
JOHN FULTON	Director	5.00	Director	$0	$0	$0
JOHN CORES	Treasurer	5.00	Officer	$0	$0	$0
NATHANIEL GIESEKE	Vice President	5.00	Officer	$0	$0	$0
ROD CONKLEN	President	5.00	Officer	$0	$0	$0
HERMAN SCHWANEZ	President Elect	5.00	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	$526,996	$327,735	$870,378	$199,261
2023	$490,516	$485,506	$669,570	$5,010
2022	$590,667	$464,152	$661,960	$126,515
2021	$406,216	$368,102	$533,417	$38,114
2019	$446,487	$401,292	$485,501	$45,195
2018	$427,079	$323,951	$438,711	$103,128

LOGAN COUNTY FAIR ASSOCIATION