MORGAN COUNTY AGRICULTURAL FAIR ASSOCIATION (EIN 370712358) - 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

1947

Legal Domicile

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 micro nonprofit that reported $97K in total revenue in fiscal year 2020. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $179K exceeded revenue, resulting in a 86% operating deficit.

Mission

The operation of the annual Morgan County Illinois 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 (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

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

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

Total Directors

Key Employees

Highest Compensated

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

MORGAN COUNTY AGRICULTURAL FAIR ASSOCIATION