THE DELAWARE STATE FAIR INC (EIN 510072431) - 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

1920

Legal Domicile

Principal Officer

R RONALD DRAPER

Phone

3023983269

Tax Period

2024-01-01 to 2024-12-31

THE DELAWARE STATE FAIR INC, founded in 1920, is a mid-sized nonprofit in the Recreation & Sports sector that reported $11.6M in total revenue in fiscal year 2024. Expenses of $10.1M left a modest 13% surplus.

Mission

THE MISSION OF THE DELAWARE STATE FAIR, INC. FOCUSES ON THE PRESERVATION OF THE PAST, PROMOTION OF THE PRESENT, AND EDUCATION IN THE FUTURE, OF AGRICULTURE, HORTICULTURE, MECHANICAL ARTS, AND RURAL AND DOMESTIC ECONOMY.

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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 $842,742

Program Service Revenue $7,243,868

Investment Income $1,958,559

Other Revenue $1,592,884

TOTAL REVENUE $11,638,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,895,127

Fundraising Expenses $0

Program Expenses $9,592,134

Other Expenses $7,186,962

TOTAL EXPENSES $10,082,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,638,053	$10,840,518	+0.1%
Expenses	$10,082,089	$9,125,892	+0.1%
Net Income	$1,555,964	$1,714,626	-0.1%

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

517

Volunteers

150

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

$180,429

Total Directors

$180,429

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM G JESTER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM COULTER PASSWATERS	DIRECTOR	0.00	Director	$0	$0	$0
W LEROY BETTS	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
TODD LAWSON	DIRECTOR	0.00	Director	$0	$0	$0
TIMOTHY C MALONEY JR	DIRECTOR	0.00	Director	$0	$0	$0
TERRY PEPPER	DIRECTOR	0.00	Director	$0	$0	$0
SUSAN TRUEHART GAREY	DIRECTOR	0.00	Director	$0	$0	$0
SHELLY W SIMPSON	DIRECTOR	0.00	Director	$0	$0	$0
SHANTE HASTINGS	DIRECTOR	0.00	Director	$0	$0	$0
SAMANTHA BW STEELE	DIRECTOR	0.00	Director	$0	$0	$0
RUTHI ADAMS-JOSEPH	DIRECTOR	0.00	Director	$0	$0	$0
RUSSELL NEAL	DIRECTOR	0.00	Director	$0	$0	$0
RONALD W JARRELL	DIRECTOR	0.00	Director	$0	$0	$0
ROGER MARINO	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT TAYLOR	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT G BRODE	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT F RIDER JR	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT BOOK	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT A KILLEN	DIRECTOR	0.00	Director	$0	$0	$0
R RONALD DRAPER	PRESIDENT	1.00	Officer Director	$0	$0	$0
R BRUCE BETTS	DIRECTOR	0.00	Director	$0	$0	$0
PENI WARREN	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
NIKKI MOWBRAY	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL WASYLKOWSKI	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL SCUSE	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL J PETIT DE MANGE	DIRECTOR	0.00	Director	$0	$0	$0
MARK BREEDING	4TH VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIAN HANDLIN	DIRECTOR	0.00	Director	$0	$0	$0
L AARON CHAFFINCH	DIRECTOR	0.00	Director	$0	$0	$0
KRISTIN COOK	DIRECTOR	0.00	Director	$0	$0	$0
KENNETH S CLARK JR	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNETH L MCDOWELL	DIRECTOR	1.00	Director	$0	$0	$0
KAREN HUTCHISON	DIRECTOR	0.00	Director	$0	$0	$0
KAITLIN ROGERS	DIRECTOR	0.00	Director	$0	$0	$0
JOSEF A BURGER	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
JOHN W HICKEY	DIRECTOR	0.00	Director	$0	$0	$0
JOHN W HENDRICKS	DIRECTOR	0.00	Director	$0	$0	$0
JOHN M CURTIS JR	DIRECTOR	0.00	Director	$0	$0	$0
JOHN D HUKILL	HONORARY DIRECTOR	0.00	Director	$0	$0	$0
JIMMY D WARREN	DIRECTOR	0.00	Director	$0	$0	$0
JESSE VANDERWENDE	DIRECTOR	0.00	Director	$0	$0	$0
JEFF CHAMBERS	DIRECTOR	0.00	Director	$0	$0	$0
JEANIE T DELEO	3RD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON HALL	DIRECTOR	0.00	Director	$0	$0	$0
JAMES W MESSICK II	DIRECTOR	0.00	Director	$0	$0	$0
JAMES W MESSICK	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
JAMES M SATTERFIELD IV	DIRECTOR	0.00	Director	$0	$0	$0
JAMES L CROTHERS	HONORARY DIRECTOR	0.00	Director	$0	$0	$0
JACOB BLACKSTEN	DIRECTOR	0.00	Director	$0	$0	$0
J WILLIAM ANDREW	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
HARVEY R KENTON JR	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HARRY E RAUGHLEY	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
HAROLD K BRODE	DIRECTOR	0.00	Director	$0	$0	$0
H WESLEY TOWERS JR	DIRECTOR	0.00	Director	$0	$0	$0
GEORGE LUFF	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
G ROBERT MOORE JR	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
F GARY SIMPSON	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
ELIZABETH MORRIS	DIRECTOR	0.00	Director	$0	$0	$0
ELAINE ZEITLER WEBB	DIRECTOR	0.00	Director	$0	$0	$0
DONNA MOWBRAY	DIRECTOR	0.00	Director	$0	$0	$0
DONALD R MCLAMB JR	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
DONALD BULLOCK	DIRECTOR	0.00	Director	$0	$0	$0
DENIS P SHAFFER	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
DELBERT C CAIN	HONORARY DIRECTOR	0.00	Director	$0	$0	$0
DEBORAH VANDERWENDE	DIRECTOR	0.00	Director	$0	$0	$0
DAVID L WILSON	DIRECTOR	0.00	Director	$0	$0	$0
DAVID G JONES	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTOPHER SCUSE	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
C DOUGLAS CROUSE	TREASURER	5.00	Officer Director	$2,000	$0	$2,000
BRIAN C SOMERS	DIRECTOR	0.00	Director	$0	$0	$0
BRENT M ADAMS JR	DIRECTOR	0.00	Director	$0	$0	$0
BETHANY ORTON	DIRECTOR	0.00	Director	$0	$0	$0
ARTHUR B CAHALL III	DIRECTOR	0.00	Director	$0	$0	$0
ANTHONY RICHARDSON	DIRECTOR	0.00	Director	$0	$0	$0
AMY JONES	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
JOSH BETHARD	DIRECTOR	0.00	Director	$0	$0	$0
AMANDA SMITH	DIRECTOR	0.00	Director	$0	$0	$0
LAUREN E RUSKEY	DIRECTOR	0.00	Director	$0	$0	$0
DANNY R AGUILAR	GEN MANAGER/SECRETARY	60.00	Officer Director	$171,566	$6,863	$178,429
WILLIAM J DIMONDI	FORMER GENERAL MANAGER/SECRETARY	0.00		$254,764	$0	$254,764

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	$11,638,053	$10,082,089	$43,165,096	$1,555,964
2023	$10,840,518	$9,125,892	$40,479,711	$1,714,626
2022	$10,075,971	$8,072,442	$36,893,005	$2,003,529
2021	$11,284,455	$5,923,815	$38,669,423	$5,360,640
2020	$4,386,864	$4,967,382	$32,425,610	$-580,518
2019	$9,057,039	$8,677,010	$32,050,722	$380,029
2018	$7,472,542	$7,396,175	$29,675,553	$76,367

THE DELAWARE STATE FAIR INC