WASHINGTON COUNTY FAIRGROUND INC

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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

1956

Legal Domicile

Principal Officer

IRENE MEADE

Phone

2766283789

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON COUNTY FAIRGROUND INC, founded in 1956, is a small nonprofit in the Recreation & Sports sector that reported $359K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $309,608

THIS FESTIVAL SERVES AS A COMMUNITY FAIR FOR THE COUNTY OF WASHINGTON, VIRGINIA ALL ADMISSION FEES ARE USED TO SUPPORT AND FUND THE FESTIVAL AND 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 (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