FRIENDS OF WAYNE COUNTY FAIR (EIN 455461827) - 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

2011

Legal Domicile

Phone

3304647596

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF WAYNE COUNTY FAIR, founded in 2011, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $76K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Net assets of $953K represent 150 months of operating reserves.

Mission

The organizations mission is to preserve the heritage of agriculture in Wayne County Ohio. The organization intends to accomplish this mission by its continued construction of an agricultural museum that first opened to the public in 2018.

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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 $19,691

Program Service Revenue $0

Investment Income $0

Other Revenue $56,616

TOTAL REVENUE $76,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,689

Other Expenses $82,153

TOTAL EXPENSES $82,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,307	$128,292	-0.4%
Expenses	$82,153	$84,724	0.0%
Net Income	$-5,846	$43,568	-1.1%

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

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
Ronald Grosjean	President	1.00	Officer Director	$0	$0	$0
Richard Mairs	Vice President	1.00	Officer Director	$0	$0	$0
Michael Buchholz	Vice President	1.00	Officer Director	$0	$0	$0
Bonnie Schaaf	Secretary	1.00	Officer Director	$0	$0	$0
Thomas Stocksdale	Treasurer	1.00	Officer Director	$0	$0	$0
Robert Troutman	Assistant Secretary and Assistant Treasurer	1.00	Director	$0	$0	$0
Paul Locher	Director - Curatorial Advisor	1.00	Director	$0	$0	$0
Becky Foster	Director	1.00	Director	$0	$0	$0
Rodney Scheibe	Director	1.00	Director	$0	$0	$0
Jay Stout	Director Emeritus	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
2025	No data	No data	No data	No data
2024	$76,307	$82,153	$983,037	$-5,846
2023	$128,292	$84,724	$1,003,883	$43,568
2022	$238,559	$99,072	$985,315	$139,487
2021	$101,944	$62,361	$894,334	$39,583
2020	$33,977	$56,445	$815,802	$-22,468

FRIENDS OF WAYNE COUNTY FAIR