Friends of the Kern County Fair (EIN 455124743) - 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

2012

Legal Domicile

Phone

6619790756

Tax Period

2024-01-01 to 2024-12-31

Friends of the Kern County Fair, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $815K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

The primary purpose of Friends of the Kern County fair is to raise money for the benefit of the 15th district agricultural association and showcasing agricultural industries to the community.

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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 $10,964

Program Service Revenue $795,008

Investment Income $7,491

Other Revenue $1,082

TOTAL REVENUE $814,545

Expense Breakdown

Grants Paid $445,754

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $813,615

Other Expenses $370,971

TOTAL EXPENSES $816,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$814,545	$575,337	+0.4%
Expenses	$816,725	$521,304	+0.6%
Net Income	$-2,180	$54,033	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sean Andrew	President	1.00	Officer Director	$0	$0	$0
Gary McCormack	Director	1.00	Director	$0	$0	$0
Loren Henderson	Director	1.00	Director	$0	$0	$0
Kevin Andrew	Director	1.00	Director	$0	$0	$0
Bryan Hockett	Director	1.00	Director	$0	$0	$0
Richard Phillips	Treasurer	1.00	Officer Director	$0	$0	$0
Cynthia Aguirre	Secretary	1.00	Officer Director	$0	$0	$0
Emily Ming	Vice President	1.00	Officer Director	$0	$0	$0
Misty Rogers	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	$814,545	$816,725	$326,516	$-2,180
2023	$575,337	$521,304	$328,696	$54,033
2022	$494,313	$398,426	$274,663	$95,887
2021	$264,559	$196,557	$178,776	$68,002
2019	$338,099	$289,334	$181,577	$48,765
2018	$295,496	$258,854	$132,812	$36,642

Friends of the Kern County Fair