FRIENDS OF THE FAIRGROUNDS INC (EIN 474958915) - 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

2015

Legal Domicile

Principal Officer

DEBORAH SHAW

Phone

4062328568

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE FAIRGROUNDS INC, founded in 2015, is a micro nonprofit in the Recreation & Sports sector that reported $51K in total revenue in fiscal year 2023. The organization ran a surplus of $12K, a strong 24% operating margin.

Mission

TO CONTRIBUTE TO COMMUNITY WELLNESS PROGRAMS BY SPONSORING OR ASSISTING ACTIVITIES FOR THE USE OF THE FAIRGROUNDS. DEVELOP MARKETING PLANS FOR COMMUNITY AWARENESS OF THE ACTIVITIES. THE CORPORATION SHALL MAKE PHYSICAL REPAIRS AND IMPROVEMENTS TO THE COMMUNITY FAIRGROUNDS FOR PUBLIC USE AND BENEFIT.

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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 $45,550

Program Service Revenue $0

Investment Income $2,256

Other Revenue $2,741

TOTAL REVENUE $50,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,591

Other Expenses $38,591

TOTAL EXPENSES $38,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,547	$48,171	+0.0%
Expenses	$38,591	$48,944	-0.2%
Net Income	$11,956	$-773	-16.5%

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	Role	Reportable Comp	Other Comp	Total
JEFFREY SHAW	PRESIDENT	Officer Director	$0	$0	$0
COREY JONES	VICE PRESIDENT	Officer Director	$0	$0	$0
DEBORAH SHAW	SECRETARY/TREASURER	Officer Director	$0	$0	$0
DIRK DOEDEN	BOARD MEMBER	Director	$0	$0	$0
JOHN LANEY	BOARD MEMBER	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	No data	No data	No data	No data
2023	$50,547	$38,591	$89,736	$11,956
2022	$48,171	$48,944	$77,779	$-773
2021	$53,167	$31,605	$78,552	$21,562
2020	$50,909	$44,124	$56,990	$6,785
2019	$27,403	$30,946	$50,205	$-3,543
2018	$31,337	$26,516	$53,748	$4,821

FRIENDS OF THE FAIRGROUNDS INC