CLEVELAND COUNTY FAIR INC

EIN: 566060727

SHELBY, NC

Total Revenue
$1,453,880
Total Expenses
$1,344,794
Total Assets
$2,808,362
Net Assets
$2,804,492
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
NC
Principal Officer
ALEX LATTIMORE
Phone
7044870651
Tax Period
2023-12-01 to 2024-11-30

CLEVELAND COUNTY FAIR INC, founded in 1924, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 8% surplus.

Mission

SINCE 1924 THE CLEVELAND COUNTY FAIR HAS BEEN HOME TO WHAT HAS BECOME NORTH CAROLINA'S LARGEST AGRICULTURAL FAIR. THE ANNUAL FAIR PROMOTES AGRICULTURE, EDUCATION, HISTORY, ALONG WITH ART AND INDUSTRY. DUE TO COVID-19, NO FALL 2020 NOR FALL 2021 FAIR WAS HELD.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $114,400
Program Service Revenue $1,326,786
Investment Income $12,694
Other Revenue $0
TOTAL REVENUE $1,453,880

Expense Breakdown

Grants Paid $0
Salaries & Benefits $409,341
Fundraising Expenses $0
Program Expenses $1,153,882
Other Expenses $935,453
TOTAL EXPENSES $1,344,794

Year-over-Year Comparison

2023 2022 Change
Revenue $1,453,880 $1,852,796 -0.2%
Expenses $1,344,794 $1,171,067 +0.1%
Net Income $109,086 $681,729 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
128
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
0
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY ACCOR SECRETARY N/A
Director
$0 $0 $0
ANGELA BEAM BOARD MEMBER N/A
Director
$0 $0 $0
PERRY DAVIS BOARD MEMBER N/A
Director
$0 $0 $0
RODNEY DEDMON TREASURER N/A
Director
$0 $0 $0
JASON FALLS BOARD MEMBER N/A
Director
$0 $0 $0
ED GOFORTH BOARD MEMBER N/A
Director
$0 $0 $0
GARY GOLD BOARD MEMBER N/A
Director
$0 $0 $0
BARBARA GREENE BOARD MEMBER N/A
Director
$0 $0 $0
ALAN HAMRICK BOARD MEMBER N/A
Director
$0 $0 $0
JIM HOLLAND BOARD MEMBER N/A
Director
$0 $0 $0
STEVE HOYLE BOARD MEMBER N/A
Director
$0 $0 $0
AMY HULL BOARD MEMBER N/A
Director
$0 $0 $0
ALEX LATTIMORE CHAIRMAN N/A
Director
$0 $0 $0
JIM MORGAN VICE CHAIRMA N/A
Director
$0 $0 $0
WILL RUCKER 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 $1,453,880 $1,344,794 $2,808,362 $109,086
2023 $1,852,796 $1,171,067 $2,814,542 $681,729
2022 $1,610,243 $941,214 $2,197,275 $669,029
2021 $158,384 $287,865 $1,543,562 $-129,481
2020 $46,140 $245,435 $1,759,418 $-199,295
2019 $1,219,685 $1,156,419 $2,019,025 $63,266
2018 $1,734,700 $1,134,753 $1,985,632 $599,947
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