STATE FAIR OF VIRGINIA INC

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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

Principal Officer

DAVID PRIDDY

Phone

8042901000

Tax Period

2025-01-01 to 2025-12-31

STATE FAIR OF VIRGINIA INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $285K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $110K, a strong 39% operating margin.

Mission

TO EXPAND LEADERSHIP CAPACITY AND EDUCATIONAL OPPORTUNITIES FOR YOUTH PARTICIPANTS IN THE ANNUAL STATE FAIR OF VIRGINIA AND OTHER PROGRAMS AT THE MEADOW EVENT PARK. CONNECT PRODUCERS, TEACHERS, LEADERS, INDUSTRY AND BUSINESS IN AN EFFORT TO OFFER ENCOURAGEMENTAND RECOGNITION TO VIRGINIA'S YOUTH AS THEY PARTICIPATE IN COMPETITIONS AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $40,850 Revenue: $114,551

THE PRIMARY VENUE OF SUCCESSFUL EXECUTION OF THE MISSION IS THE STATE FAIR OF VIRGINIA. THE 2025 STATE FAIR OF VIRGINIA ATTENDANCE OF APPROXIMATED 215,000.IN 2025, THE STATE FAIR OF VIRGINIA...

THE PRIMARY VENUE OF SUCCESSFUL EXECUTION OF THE MISSION IS THE STATE FAIR OF VIRGINIA. THE 2025 STATE FAIR OF VIRGINIA ATTENDANCE OF APPROXIMATED 215,000.IN 2025, THE STATE FAIR OF VIRGINIA SCHOLARSHIP PROGRAM REWARDED 313 YOUNG PEOPLE FOR THEIR HARD WORK AND ACHIEVEMENT IN THIRTY-NINE SANCTIONED STATE FAIR COMPETITION AREAS THROUGH LIVESTOCK COMPETITIONS, 4-H & FFA COMPETITIONS, SKILLS USA, AND OTHER COMPETITIONS.

Program 2

Expenses: $130,202

SALE OF CHAMPIONS/YOUTH LIVESTOCK AWARDED SCHOLARSHIPSANY YOUTH THAT PARTICIPATE IN MARKET SHOWS AT THE CURRENT YEAR FAIR ARE ELIGIBLE. THESE INCLUDE: YOUTH MARKET GOAT, YOUTH MARKET BEEF, YOUTH...

SALE OF CHAMPIONS/YOUTH LIVESTOCK AWARDED SCHOLARSHIPSANY YOUTH THAT PARTICIPATE IN MARKET SHOWS AT THE CURRENT YEAR FAIR ARE ELIGIBLE. THESE INCLUDE: YOUTH MARKET GOAT, YOUTH MARKET BEEF, YOUTH MARKET HOG AND YOUTH MARKET LAMB SHOWS. APPLICATION CATEGORIES ARE BROKEN OUT BY AGE JUNIORS (9-12), INTERMEDIATE (13-15) AND SENIORS (16 AND OLDER) WITH FOUR SCHOLARSHIPS BEING AWARDED TO EACH CATEGORY. JUDGING WAS BASED ON APPLICANTS' STATE FAIR PARTICIPATION, AS WELL AS ON LEADERSHIP AND COMMUNITY SERVICE ACTIVITIES AND AN ESSAY. FUNDS ALLOCATED FOR THE SCHOLARSHIPS REPRESENT A PORTION OF PROCEEDS FROM THE CURRENT YEARS SALE OF CHAMPIONS BENEFIT AUCTION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $170,326

Program Service Revenue $0

Investment Income $53,634

Other Revenue $60,917

TOTAL REVENUE $284,877

Expense Breakdown

Grants Paid $103,550

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171,052

Other Expenses $71,599

TOTAL EXPENSES $175,149

Year-over-Year Comparison

	2025	2024	Change
Revenue	$284,877	$256,578	+0.1%
Expenses	$175,149	$121,976	+0.4%
Net Income	$109,728	$134,602	-0.2%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
M L EVERETT	DIRECTOR	0.35	Director	$0	$0	$0
MARLENE PIERSON-JOLIFFE	VICE PRESIDENT, EXEC DIREC	0.35	Officer Director	$0	$0	$0
LEIGH PEMBERTON	DIRECTOR	0.35	Officer Director	$0	$0	$0
LYNWOOD D BROADDUS	DIRECTOR	0.35	Director	$0	$0	$0
DIXIE WATTS-DALTON	DIRECTOR	0.35	Director	$0	$0	$0
KATIE FRAZIER	DIRECTOR	0.35	Director	$0	$0	$0
THOMAS GRAVES	DIRECTOR	0.35	Director	$0	$0	$0
ROBERT CORLEY III	DIRECTOR	0.35	Director	$0	$0	$0
RAY LEONARD	DIRECTOR	0.35	Director	$0	$0	$0
DON HORSLEY	DIRECTOR	0.35	Director	$0	$0	$0
SHANE HORSLEY	DIRECTOR	0.35	Director	$0	$0	$0
MIKE GUTTER	DIRECTOR	0.35	Director	$0	$0	$0
BOBBY ORROCK	DIRECTOR	0.35	Director	$0	$0	$0
BILL OSL	PRESIDENT	0.35	Officer Director	$0	$0	$0
ADDISON GILLS	DIRECTOR	0.35	Director	$0	$0	$0
STEVE CRISWELL	DIRECTOR	0.35	Director	$0	$0	$0
SCOTT SINK	DIRECTOR	0.15	Director	$0	$0	$0
ANDY SEIBEL	DIRECTOR	0.35	Director	$0	$0	$0
RACHEL HENLEY	DIRECTOR	0.35	Director	$0	$0	$0
SUSAN UPSHAW	DIRECTOR	0.35	Director	$0	$0	$0
BETTE BRAND	DIRECTOR	0.35	Director	$0	$0	$0
ANDREW VEHORN	DIRECTOR	0.35	Director	$0	$0	$0
KATHLEEN EARLY	SECRETARY	0.15	Officer	$0	$0	$0
DAVID A PRIDDY	TREASURER	0.15	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	$284,877	$175,149	$1,439,587	$109,728
2024	$256,578	$121,976	$1,321,462	$134,602
2023	$487,341	$396,622	$1,224,862	$90,719
2022	$268,704	$345,667	$1,076,197	$-76,963
2021	$293,102	$321,416	$1,143,916	$-28,314
2020	$290,851	$122,898	$1,185,740	$167,953
2019	$1,496,398	$382,474	$1,015,586	$1,113,924
2018	$265,010	$375,807	$928,523	$-110,797