ROCKINGHAM COUNTY FAIR ASSOCIATION INC (EIN 540580300) - 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

1950

Legal Domicile

Principal Officer

KEITH SHEETS

Phone

5404340005

Tax Period

2023-01-01 to 2023-12-31

ROCKINGHAM COUNTY FAIR ASSOCIATION INC, founded in 1950, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

OPERATING REGIONAL AGRICULTURAL FAIR AND PROMOTING FARM LIFE AND FOOD PRODUCTION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $166,948

Program Service Revenue $2,394,489

Investment Income $5,774

Other Revenue $-26,535

TOTAL REVENUE $2,540,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,336

Fundraising Expenses $0

Program Expenses $2,307,394

Other Expenses $2,211,507

TOTAL EXPENSES $2,436,843

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,540,676	$2,209,387	+0.1%
Expenses	$2,436,843	$2,158,565	+0.1%
Net Income	$103,833	$50,822	+1.0%

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

Volunteers

525

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

$75,364

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH SHEETS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DARLA MILER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VICKI COOK	SECRETARY	1.00	Officer Director	$0	$0	$0
BILL GROSECLOSE	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN CARPENTER	EX-OFFICIO	1.00	Director	$0	$0	$0
JEFF GERMROTH	EX-OFFICIO	1.00	Director	$0	$0	$0
RON WILLIAMS	EX-OFFICIO	1.00	Director	$0	$0	$0
LAUREN ARBOGAST	BOARD MEMBER	1.00	Director	$0	$0	$0
LANCE AREY	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE BRIDGES	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN BOWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KYMBERLY COFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN DEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PIERCE MACGILL	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA ROADCAP	BOARD MEMBER	1.00	Director	$0	$0	$0
SONNY MEYERHOEFFER	BOARD MEMBER	1.00	Director	$0	$0	$0
AJ SIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
LJ PURCELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KERN HOUFF	BOARD ADVISOR	1.00	Director	$0	$0	$0
RICHARD CHEW	BOARD ADVISOR	1.00	Director	$0	$0	$0
REBECCA HOLLOWAY	GENERAL MANAGER	40.00	Officer	$75,364	$0	$75,364

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	$2,540,676	$2,436,843	$3,148,435	$103,833
2022	$2,209,387	$2,158,565	$3,031,706	$50,822
2021	$2,017,274	$1,842,030	$3,095,358	$175,244
2020	$1,367,648	$1,025,007	$3,056,454	$342,641
2019	$1,949,715	$1,771,417	$2,678,293	$178,298
2018	$1,713,066	$2,059,113	$2,553,294	$-346,047

ROCKINGHAM COUNTY FAIR ASSOCIATION INC