WAYNE COUNTY LIVESTOCK ASSOCIATION… - Form 990 Financial Data

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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

1949

Legal Domicile

Principal Officer

DOUGLAS M HOOD

Phone

9197357277

Tax Period

2024-01-01 to 2024-12-31

WAYNE COUNTY LIVESTOCK ASSOCIATION INC, founded in 1949, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $501K, a strong 30% operating margin.

Mission

LIVESTOCK AND AGRICULTURE EDUCATION

Program Service Accomplishments

Program 1

Expenses: $761,655

COUNTY FAIR PROVIDES OPPORTUNITY FOR JUDGING LIVESTOCK, POULTRY, ETC. AND OTHER EVENTS THAT PROMOTE AGRICULTURE.

Program 2

Expenses: $118,781

LIVESTOCK SHOW AND SALE OFFERS OPPORTUNITY FOR WAYNE COUNTY YOUTHS TO EXHIBIT AND SELL LIVESTOCK THEY HAVE RAISED.

Program 3

Expenses: $22,500

SCHOLARSHIPS ARE PAID TO STUDENTS WHO ARE STUDYING IN APPROVED COLLEGE AND AGRICULTURAL COURSES.

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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 $263,000

Program Service Revenue $1,288,838

Investment Income $84,024

Other Revenue $10,440

TOTAL REVENUE $1,646,302

Expense Breakdown

Grants Paid $23,500

Salaries & Benefits $350,588

Fundraising Expenses $0

Program Expenses $902,936

Other Expenses $770,910

TOTAL EXPENSES $1,144,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,646,302	$1,393,803	+0.2%
Expenses	$1,144,998	$1,166,340	0.0%
Net Income	$501,304	$227,463	+1.2%

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

133

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

$10,800

Total Directors

$7,401

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY R THOMAS	MEMBER	5.00	Director	$7,401	$0	$7,401
MIKE SAULS	MEMBER	5.00	Director	$0	$0	$0
RYAN ROBERSON	MEMBER	5.00	Director	$0	$0	$0
LEE EDMUNDSON	MEMBER	5.00	Director	$0	$0	$0
MICHAEL WILLIAMS	MEMBER	5.00	Director	$0	$0	$0
JOHNNIE HOWARD	MEMBER	5.00	Director	$0	$0	$0
STEFANI SYKES	EX OFFICIO	2.00	Director	$0	$0	$0
AJ LINTON	MEMBER	2.00	Director	$0	$0	$0
ERIC SHIVAR	MEMBER	2.00	Director	$0	$0	$0
VALERIE BARWICK	SEC/TRES	20.00	Officer	$3,600	$0	$3,600
ASHLEY GLOVER	PRES	5.00	Officer	$7,200	$0	$7,200
JENNIFER JOHNSON	2ND VP	2.00	Officer	$0	$0	$0
JOEY MCCULLEN	1ST VP	5.00	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
2025	No data	No data	No data	No data
2024	$1,646,302	$1,144,998	$2,897,203	$501,304
2023	$1,393,803	$1,166,340	$2,395,010	$227,463
2022	$1,191,419	$877,019	$2,167,571	$314,400
2021	$912,146	$720,315	$1,852,196	$191,831
2020	$126,042	$407,918	$1,659,668	$-281,876
2019	$989,676	$794,064	$1,941,721	$195,612
2018	$948,477	$753,262	$1,933,453	$195,215

WAYNE COUNTY LIVESTOCK ASSOCIATION INC