LAKE ODESSA CIV & AGRICULTURAL ASSN (EIN 386089346) - 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

1940

Legal Domicile

Principal Officer

BILL KING

Tax Period

2024-09-01 to 2025-08-31

LAKE ODESSA CIV & AGRICULTURAL ASSN, founded in 1940, is a small nonprofit in the Recreation & Sports sector that reported $322K in total revenue in fiscal year 2024. The organization ran a surplus of $89K, a strong 28% operating margin.

Mission

THE ORGANIZATION RUNS AN ANNUAL TOWN FAIR AND MAINTAINS THE FAIRGROUNDS FOR YEAR-ROUND USE.

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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 $112,931

Program Service Revenue $209,175

Investment Income $0

Other Revenue $0

TOTAL REVENUE $322,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $233,301

Other Expenses $233,301

TOTAL EXPENSES $233,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,106	$318,329	+0.0%
Expenses	$233,301	$206,037	+0.1%
Net Income	$88,805	$112,292	-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

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
HEATHER EVERETT	DIRECTOR	5.00	Director	$0	$0	$0
TRAVIS ACKERSON	VICE PRESIDENT	5.00	Director	$0	$0	$0
JEFF VANDERBOON	TREASURER	5.00	Officer Director	$0	$0	$0
NANCY MATTSON	DIRECTOR	5.00	Director	$0	$0	$0
RACHEL HASKIN	DIRECTOR	5.00	Director	$0	$0	$0
KEITH CATT	DIRECTOR	5.00	Director	$0	$0	$0
JENNICA VANDERBOON	SECRETARY	5.00	Officer Director	$0	$0	$0
BILL KING	PRESIDENT	5.00	Officer Director	$0	$0	$0
NICK BOUCHER	DIRECTOR	5.00	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
2025	$322,106	$233,301	$596,193	$88,805
2024	$318,329	$206,037	$363,522	$112,292
2023	$361,192	$369,213	$252,930	$-8,021
2022	$250,992	$180,088	$239,513	$70,904

LAKE ODESSA CIV & AGRICULTURAL ASSN