MORGAN COUNTY AGRICULTURAL FAIR ASSOCIATION

EIN: 370712358

JACKSONVILLE, IL

Total Revenue
$1,180,941
Total Expenses
$1,359,028
Total Assets
$906,462
Net Assets
$906,462
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
IL
Principal Officer
Paul Bergschneider- CFO
Phone
2173718880
Tax Period
2025-01-01 to 2025-12-31

MORGAN COUNTY AGRICULTURAL FAIR ASSOCIATION, founded in 1947, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. Expenses of $1.4M exceeded revenue, resulting in a 15% operating deficit.

Mission

The operation of the annual Morgan County Illinois Fair

Program Service Accomplishments

Program 1
Expenses: $1,359,028 Revenue: $1,180,941

The Annual Morgan County IL Fair is a beloved community event that celebrates agriculture local businesses and entertainment. This week-long fair features livestock shows 4-H exhibits carnival rides...

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The Annual Morgan County IL Fair is a beloved community event that celebrates agriculture local businesses and entertainment. This week-long fair features livestock shows 4-H exhibits carnival rides live music food vendors and various competitions. The fair provides an opportunity for families to come together enjoy the festivities and support the local economy. With a rich history spanning many years the fair continues to be a highlight for residents and visitors alike showcasing the best of what Morgan County has to offer. It serves as a platform for agricultural education youth development and community engagement fostering a sense of pride and unity among attendees. From thrilling rides to delicious fair food there is something for everyone to enjoy at the Annual Morgan County IL 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,124,289
Investment Income $10,453
Other Revenue $46,199
TOTAL REVENUE $1,180,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,359,028
Other Expenses $1,359,028
TOTAL EXPENSES $1,359,028

Year-over-Year Comparison

2025 2024 Change
Revenue $1,180,941 $1,147,238 +0.0%
Expenses $1,359,028 $1,170,245 +0.2%
Net Income $-178,087 $-23,007 +6.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
250

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Hadden President 10.00
Officer
$0 $0 $0
Jay Harris 1st Vice President 5.00
Officer
$0 $0 $0
Joe Meggison 2nd Vice President 5.00
Officer
$0 $0 $0
Olivia Sellers Secretary 5.00
Officer
$0 $0 $0
Keith Fricke Treasurer 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
2025 $1,180,941 $1,359,028 $906,462 $-178,087
2024 $1,219,297 $1,170,245 $1,084,549 $49,052
2023 $1,207,578 $1,077,164 $1,035,497 $130,414
2022 $1,324,759 $804,269 $905,083 $520,490
2021 $602,293 $647,387 $384,593 $-45,094
2020 $96,521 $179,440 $429,687 $-82,919
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