LINCOLN COUNTY FAIR INC (EIN 431157336) - 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

1965

Legal Domicile

Principal Officer

TIM SCHROER

Phone

5733845532

Tax Period

2023-01-01 to 2023-12-31

LINCOLN COUNTY FAIR INC, founded in 1965, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 11% surplus.

Mission

SPONSOR LIVESTOCK SALE & FAIR FOR LOCAL YOUTH

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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 $10,340

Program Service Revenue $1,875,339

Investment Income $12,327

Other Revenue $50,812

TOTAL REVENUE $1,948,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,725,493

Other Expenses $1,731,745

TOTAL EXPENSES $1,731,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,948,818	$1,679,907	+0.2%
Expenses	$1,731,745	$1,485,021	+0.2%
Net Income	$217,073	$194,886	+0.1%

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

500

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
ERIC SCOTT	CHAIRMAN	5.00	Officer	$0	$0	$0
TIM SCHROER	CO-CHAIRMAN	5.00	Officer	$0	$0	$0
CINDY MALONE	SECRETARY	5.00	Officer	$0	$0	$0
CRYSTAL HALL	TREASURER	5.00	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
2024	No data	No data	No data	No data
2023	$1,948,818	$1,731,745	$1,658,901	$217,073
2022	$1,679,907	$1,485,021	$1,441,828	$194,886
2021	$1,315,602	$1,180,595	$1,246,942	$135,007
2020	$126,304	$135,835	$1,111,935	$-9,531
2019	$1,151,644	$1,063,191	$1,121,466	$88,453
2018	$1,017,937	$992,362	$1,033,013	$25,575

LINCOLN COUNTY FAIR INC