WASHINGTON COUNTY FAIRGROUND INC (EIN 541396676) - 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

1956

Legal Domicile

Principal Officer

IRENE MEADE

Phone

2766283789

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON COUNTY FAIRGROUND INC, founded in 1950, is a small nonprofit in the Recreation & Sports sector that reported $330K in total revenue in fiscal year 2018. Expenses of $292K left a modest 12% surplus.

Mission

THE MISSION OF WASHINGTON COUNTY FAIRGROUND, INC IS TO INCREASE AGRICULTURAL AWARENESS WITHIN THE COUNTY OF WASHINGTON, VIRGINIA, AND SURROUNDING COMMUNITIES BY PROVIDING PUBLIC FESTIVALS AND SHOWS.

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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 $62,924

Program Service Revenue $163,736

Investment Income $0

Other Revenue $132,461

TOTAL REVENUE $359,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $20,334

Program Expenses $309,608

Other Expenses $352,147

TOTAL EXPENSES $352,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$359,121	$380,332	-0.1%
Expenses	$352,147	$432,108	-0.2%
Net Income	$6,974	$-51,776	-1.1%

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

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
LAURA BOARDWINE	VICE PRESIDE	N/A	Officer	$0	$0	$0
ROGER GARNETT	PRESIDENT	N/A	Officer	$0	$0	$0
IRENE MEADE	TREASURER	N/A	Officer	$0	$0	$0
SHAUNA REYNOLDS	SECRETARY	N/A	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	$359,121	$352,147	$832,444	$6,974
2023	$380,332	$432,108	$821,918	$-51,776
2022	$525,710	$447,265	$886,233	$78,445
2021	$333,222	$303,954	$819,629	$29,268
2020	$99,473	$101,189	$791,666	$-1,716
2019	$349,156	$287,141	$825,021	$62,015
2018	$330,304	$291,836	$754,139	$38,468

WASHINGTON COUNTY FAIRGROUND INC