Fairfield Facilities Corporation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Phone

8037126502

Tax Period

2024-07-01 to 2025-06-30

Fairfield Facilities Corporation, founded in 2013, is a community nonprofit in the Unknown sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $2.6M exceeded revenue, resulting in a 87% operating deficit.

Mission

TO FINANCE THE COSTS OF THE COUNTY'S CONSTRUCTION AND ACQUISITION OF CERTAIN FACILITIES TO BE USED BY THE COUNTY, INCLUDING A PORTION OF THE WALTER BROWN II INDUSTRIAL PARK WITH INVESTMENT BUILDING (SERIES 2021 BONDS). IN ADDITION, THE SERIES 2021 BONDS WILL BE USED TO FINANCE THE COST OF INCREASING THE COUNTY COURTHOUSE, COUNTY ADMINISTRATION/SHERIFF/E-911 BUILDING, COMMERCE CENTER, VARIOUS FIRE PROTECTION FACILITIES AND VARIOUS RECREATIONAL FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $2,555,235 Revenue: $1,332,343

SERIES 2021 TAXABLE BONDS USED TO FINANCE THE COSTS OF THE COUNTY'S CONSTRUCTION AND ACQUISITION OF CERTAIN FACILITIES TO BE USED BY THE COUNTY, INCLUDING A PORTION OF THE WALTER BROWN II INDUSTRIAL...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,332,343

Investment Income $32,099

Other Revenue $0

TOTAL REVENUE $1,364,442

Expense Breakdown

Grants Paid $291,332

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,555,235

Other Expenses $2,263,903

TOTAL EXPENSES $2,555,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,364,442	$1,449,581	-0.1%
Expenses	$2,555,235	$2,048,238	+0.2%
Net Income	$-1,190,793	$-598,657	+1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
DONNIE LAIRD	VICE PRESIDENT	0.1	Officer Director	$0	$0	$0
ROBERT DRAKE	PRESIDENT	0.1	Officer Director	$0	$0	$0
VERNON KENNEDY SR	SECRETARY	0.1	Officer 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	$1,364,442	$2,555,235	$1,231,606	$-1,190,793
2024	No data	No data	No data	No data
2023	$1,759,465	$3,233,458	$3,210,802	$-1,473,993
2022	$28,229,779	$3,022,201	$29,722,776	$25,207,578
2021	$896,259	$917,892	$23,521,035	$-21,633
2020	$952,694	$918,155	$23,540,846	$34,539
2019	$992,759	$918,416	$23,481,485	$74,343
2018	$973,607	$918,680	$24,582,269	$54,927