FULTON CO FAIR & RACING ASSOC (EIN 376045889) - 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

Principal Officer

VICTOR MILLER

Phone

3095472287

Tax Period

2024-01-01 to 2024-12-31

FULTON CO FAIR & RACING ASSOC is a small nonprofit in the Recreation & Sports sector that reported $317K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $74K, a strong 23% operating margin.

Mission

COUNTY FAIR: PROVIDES ENTERTAINMENT FOR ADULTS AND YOUTH. AREA 4-H GROUPS HAVE LIVESTOCK EXHIBITS, HORSE RACING, MUD-SLING, SEWING & COOKING CONTESTS.

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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 $289,022

Program Service Revenue $0

Investment Income $0

Other Revenue $28,302

TOTAL REVENUE $317,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,653

Fundraising Expenses $0

Other Expenses $232,271

TOTAL EXPENSES $242,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,324	$517,472	-0.4%
Expenses	$242,924	$465,597	-0.5%
Net Income	$74,400	$51,875	+0.4%

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

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
VICTOR MILLER	PRESIDENT	N/A	Officer	$0	$0	$0
PAT WAGAHOFF	SECRETARY	N/A	Officer	$0	$0	$0
MIKE BATTEFELD	TREASURER	N/A	Officer	$0	$0	$0
VICTOR MILLER	DIRECTOR	N/A	Director	$0	$0	$0
ROD LYNCH	DIRECTOR	N/A	Director	$0	$0	$0
DOUG LAFARY	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT WELKER	DIRECTOR	N/A	Director	$0	$0	$0
MIKE WAGAHOFF	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN PORTER	DIRECTOR	N/A	Director	$0	$0	$0
DUSTIN STAMBAUGH	DIRECTOR	N/A	Director	$0	$0	$0
STEVE KELLY	DIRECTOR	N/A	Director	$0	$0	$0
CRAIG MCCOY	DIRECTOR	N/A	Director	$0	$0	$0
NICK CLEER	DIRECTOR	N/A	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	$317,324	$242,924	$328,052	$74,400
2023	$517,472	$465,597	$172,587	$51,875
2022	$422,871	$467,697	$382,035	$-44,826
2021	$275,472	$215,255	$426,890	$60,217
2019	$186,178	$190,146	$357,452	$-3,968
2018	$240,297	$161,215	$361,420	$79,082

FULTON CO FAIR & RACING ASSOC