CLAY COUNTY FAIR ASSOCIATION INC (EIN 420185302) - 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

1917

Legal Domicile

Principal Officer

JEROME HERTEL

Phone

7125803000

Tax Period

2023-11-01 to 2024-10-31

CLAY COUNTY FAIR ASSOCIATION INC, founded in 1917, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023.

Mission

MANAGEMENT AND PRODUCTION OF THE CLAY COUNTY 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 (2023)

Revenue Breakdown

Contributions & Grants $540,480

Program Service Revenue $3,461,805

Investment Income $26,882

Other Revenue $765,239

TOTAL REVENUE $4,794,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,248,487

Fundraising Expenses $0

Program Expenses $4,773,326

Other Expenses $3,524,839

TOTAL EXPENSES $4,773,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,794,406	$4,783,385	+0.0%
Expenses	$4,773,326	$4,333,992	+0.1%
Net Income	$21,080	$449,393	-1.0%

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

333

Volunteers

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

$64,317

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEROME HERTEL	CEO/MNGR/SEC	40.00	Officer	$64,317	$0	$64,317
GREG LEAR	Chairman	1.00	Officer Director	$0	$0	$0
TRACY SMALL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DENNIS LARSON	Treasurer	1.00	Officer Director	$0	$0	$0
STEVE WALLER	EXECUTIVE COMIT	1.00	Officer Director	$0	$0	$0
KEVIN TLAM	EXECUTIVE COMIT	1.00	Officer Director	$0	$0	$0
JOEL STAVE	EXECUTIVE COMIT	1.00	Officer Director	$0	$0	$0
GAYLE SIMONS	EXECUTIVE COMIT	1.00	Officer Director	$0	$0	$0
DOUG BIEDENFELD	EXECUTIVE COM	1.00	Officer Director	$0	$0	$0
DANA METCALF	EXECUTIVE COMIT	1.00	Officer Director	$0	$0	$0
JOHN ZINN	EXECUTIVE COMIT	1.00	Officer Director	$0	$0	$0
JEFF BOHNENKAMP	Director	1.00	Director	$0	$0	$0
DAVID BRUGMAN	Director	1.00	Director	$0	$0	$0
MICHAEL BRYAN	Director	1.00	Director	$0	$0	$0
TOM OLIN	Director	1.00	Director	$0	$0	$0
JOANNE FOLLON	Director	1.00	Director	$0	$0	$0
QUINTON HARMON	Director	1.00	Director	$0	$0	$0
KATHY ANDERSON	Director	1.00	Director	$0	$0	$0
MARCIA LANGER	Director	1.00	Director	$0	$0	$0
MARK REES	Director	1.00	Director	$0	$0	$0
TERESA SCHOELERMAN	Director	1.00	Director	$0	$0	$0
KAREN SCHWALLER	Director	1.00	Director	$0	$0	$0
JOE SIMINGTON	Director	1.00	Director	$0	$0	$0
BRENT CUTTELL	Director	1.00	Director	$0	$0	$0
VERDON SCHMIDT	Director	1.00	Director	$0	$0	$0
CHUCK WHITE	Director	1.00	Director	$0	$0	$0
BONNIE PULLEN-LEHMAN	Director	1.00	Director	$0	$0	$0
KATE RINEHART	Director	1.00	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
2024	No data	No data	No data	No data
2024	$4,794,406	$4,773,326	$7,932,681	$21,080
2023	$4,783,385	$4,333,992	$8,063,155	$449,393
2022	$4,413,917	$4,434,174	$7,935,032	$-20,257
2021	$4,873,409	$3,855,321	$8,080,680	$1,018,088
2020	$1,769,360	$2,014,566	$7,996,551	$-245,206
2019	$3,842,081	$4,357,566	$7,924,751	$-515,485
2018	$4,248,927	$3,970,990	$8,180,611	$277,937

CLAY COUNTY FAIR ASSOCIATION INC