TAZEWELL COUNTY FAIR ASSOCIATION INC

EIN: 541552856 Recreation & Sports

TAZEWELL, VA

Total Revenue
$111,380
Total Expenses
$95,296
Total Assets
$60,360
Net Assets
$25,490
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
VA
Principal Officer
JOSHUA MAGGARD
Phone
2769710284
Tax Period
2023-10-01 to 2024-09-30

TAZEWELL COUNTY FAIR ASSOCIATION INC is a small nonprofit in the Recreation & Sports sector that reported $109K in total revenue in fiscal year 2017. Revenue decreased 13% compared to the prior year. Expenses of $121K exceeded revenue, resulting in a 11% operating deficit.

Mission

TAZEWELL COUNTY FAIR - SPONSORING FOR THE CITIZENS OF TAZEWELL COUNTY AND THE SURROUNDING AREAS A CARNIVAL, HORSE SHOW, TRACTOR PULL VARIOUS AGRICULTURAL DISPLAYS, SPELLING BEE, BEAUTY PAGEANT AND OTHER FAIR ACTIVITIES

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $111,380
Investment Income $0
Other Revenue $0
TOTAL REVENUE $111,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $58,670
Other Expenses $95,296
TOTAL EXPENSES $95,296

Year-over-Year Comparison

2023 2022 Change
Revenue $111,380 $104,336 +0.1%
Expenses $95,296 $72,212 +0.3%
Net Income $16,084 $32,124 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
35

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA MAGGARD PRESIDENT N/A
Officer Director
$0 $0 $0
DANIEL LESTER VICE-PRESIDENT N/A
Officer Director
$0 $0 $0
ANNA ASBURY SECRETARY N/A
Officer Director
$0 $0 $0
JIMMY MCDONALD TREASURER N/A
Officer Director
$0 $0 $0
OTIS LESTER BOARD MEMBER N/A
Director
$0 $0 $0
HEATHER POWERS BOARD MEMBER N/A
Director
$0 $0 $0
EDDIE HOPKINS BOARD MEMBER N/A
Director
$0 $0 $0
BETTY PERRY BOARD MEMBER N/A
Director
$0 $0 $0
JR ABSHER BOARD MEMBER N/A
Director
$0 $0 $0
IRMA MITCHEL CO-COORDINATOR N/A
Officer Director
$0 $0 $0
RICK SNAPP BOARD MEMBER N/A
Director
$0 $0 $0
CHRISTY MAGGARD BOARD MEMBER N/A
Director
$0 $0 $0
AMY KEENE BOARD MEMBER N/A
Director
$0 $0 $0
LOGAN BLANKENSHIP BOARD MEMBER N/A
Director
$0 $0 $0
JOHN DASH BOARD MEMBER N/A
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 $111,380 $95,296 $60,360 $16,084
2020 $19,899 $21,268 $11,828 $-1,369
2018 $109,129 $120,688 $22,794 $-11,559
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