SOUTH CENTRAL FAIR ASSOCIATION INC (EIN 540299803) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1903

Legal Domicile

Principal Officer

William Averette

Tax Period

2024-01-01 to 2024-12-31

SOUTH CENTRAL FAIR ASSOCIATION INC, founded in 1903, is a small nonprofit in the Recreation & Sports sector that reported $266K in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $334K exceeded revenue, resulting in a 26% operating deficit.

Mission

Agricultural Fair

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $366,472

TOTAL REVENUE $366,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,745

Fundraising Expenses $0

Other Expenses $223,829

TOTAL EXPENSES $240,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$366,472	$346,336	+0.1%
Expenses	$240,574	$384,233	-0.4%
Net Income	$125,898	$-37,897	-4.3%

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

$8,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marilyn McCluster	Secretary/Manager	010.00	Officer	$7,560	$0	$7,560
William G Averette	Treasurer	002.00	Officer	$1,000	$0	$1,000
CW Carter	President	002.00	Officer	$0	$0	$0
Dean McCluster	Vice President	002.00	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
2024	$366,472	$240,574	$336,354	$125,898
2023	$346,336	$384,233	$210,456	$-37,897
2022	$265,680	$334,471	$251,596	$-68,791

SOUTH CENTRAL FAIR ASSOCIATION INC