SHELBY COUNTY FAIR ASSOCIATION (EIN 420519825) - 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

1950

Legal Domicile

Principal Officer

LEE SCHOOF

Phone

7123633169

Tax Period

2024-10-01 to 2025-09-30

SHELBY COUNTY FAIR ASSOCIATION, founded in 1950, is a small nonprofit in the Recreation & Sports sector that reported $494K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $451K left a modest 9% surplus.

Mission

CONDUCT THE ANNUAL 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 (2024)

Revenue Breakdown

Contributions & Grants $50,623

Program Service Revenue $400,733

Investment Income $0

Other Revenue $42,672

TOTAL REVENUE $494,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $451,310

Other Expenses $451,310

TOTAL EXPENSES $451,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$494,028	$336,134	+0.5%
Expenses	$451,310	$339,774	+0.3%
Net Income	$42,718	$-3,640	-12.7%

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

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	Role	Reportable Comp	Other Comp	Total
KAYLEE GOSHORN	SECRETARY	Officer	$0	$0	$0
LEE SCHOOF	TREASURER	Officer	$0	$0	$0
DARREN GOSHORN	PRESIDENT	Officer	$0	$0	$0
KYLE MANZ	VICE PRESIDENT	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	$494,028	$451,310	$1,117,644	$42,718
2024	$336,134	$339,774	$1,082,610	$-3,640
2023	$385,375	$335,717	$1,092,529	$49,658
2022	$391,106	$497,414	$1,051,617	$-106,308
2021	$205,139	$149,799	$1,051,709	$55,340
2020	$76,865	$69,676	$1,051,412	$7,189
2019	$117,763	$116,882	$1,051,429	$881
2018	$146,125	$116,972	$1,046,809	$29,153

SHELBY COUNTY FAIR ASSOCIATION