MONROE COUNTY FAIR ASSOCIATION INC (EIN 521329675) - 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

1955

Legal Domicile

Principal Officer

JAKE CONARD

Phone

8128257439

Tax Period

2023-01-01 to 2023-12-31

MONROE COUNTY FAIR ASSOCIATION INC, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $686K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $859K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE FACILITIES FOR AND OPERATE THE MONROE COUNTY FAIR

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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 $0

Program Service Revenue $611,353

Investment Income $10,588

Other Revenue $64,331

TOTAL REVENUE $686,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,341

Fundraising Expenses $0

Program Expenses $858,678

Other Expenses $831,337

TOTAL EXPENSES $858,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$686,272	$550,679	+0.2%
Expenses	$858,678	$621,646	+0.4%
Net Income	$-172,406	$-70,967	+1.4%

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
JAKE CONARD	PRESIDENT	10.00	Officer Director	$0	$0	$0
TONYA CLARK	1ST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BRAD HUDOFF	2ND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
AARON WALTZ	SECRETARY	5.00	Officer Director	$0	$0	$0
DANNA STEPHENS	TREASURER	5.00	Officer Director	$0	$0	$0
LESLIE CARMICHAEL	TREASURER	5.00	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
2024	No data	No data	No data	No data
2023	$686,272	$858,678	$1,083,424	$-172,406
2022	$550,679	$621,646	$1,257,517	$-70,967
2021	$516,547	$559,559	$1,327,111	$-43,012
2020	$214,244	$329,616	$1,365,769	$-115,372
2019	$531,981	$596,388	$1,480,907	$-64,407
2018	$402,123	$413,679	$1,544,467	$-11,556

MONROE COUNTY FAIR ASSOCIATION INC