ARMADA AGRICULTURAL SOCIETY

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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

1940

Legal Domicile

Principal Officer

MARK RAYMAN

Phone

5867845488

Tax Period

2023-11-01 to 2024-10-31

ARMADA AGRICULTURAL SOCIETY, founded in 1940, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 12% surplus.

Mission

TO PROMISE EDUCATION ABOUT AGRICULTURE; TO BUILD OUR YOUTH INTO PRODUCTIVE CITIZENS; AND TO OFFER ENTERTAINMENT CELEBRATING THE TRADITIONAL VALUES OF THE COMMUNITY.

Program Service Accomplishments

Program 1

THE ARMADA FAIR IS AN AGRICULTURAL FAIR WITH EXHIBTS OF LIVESTOCK, CANNED GOODS, BAKED GOODS AND CRAFTS ON DISPLAY. THE FAIR EDUCATES AND PROMOTES THE RASING OF LIVESTOCK.

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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 $77,430

Program Service Revenue $1,363,840

Investment Income $42,944

Other Revenue $242,631

TOTAL REVENUE $1,726,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,706

Fundraising Expenses $0

Program Expenses $1,515,893

Other Expenses $1,332,187

TOTAL EXPENSES $1,515,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,726,845	$1,687,424	+0.0%
Expenses	$1,515,893	$1,513,187	+0.0%
Net Income	$210,952	$174,237	+0.2%

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

158

Independent Members

158

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

$7,390

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK RAYMAN	TREASURER	5.00	Director	$7,390	$0	$7,390

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	No data	No data	No data	No data
2024	$1,726,845	$1,515,893	$6,203,010	$210,952
2023	$1,687,424	$1,513,187	$5,994,025	$174,237
2022	$1,855,654	$1,327,887	$5,819,626	$527,767
2021	$1,679,740	$998,311	$5,292,055	$681,429
2020	$85,434	$187,076	$4,608,737	$-101,642
2019	$1,425,589	$1,189,951	$4,946,557	$235,638