PIEDMONT INTERSTATE FAIR

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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

1946

Legal Domicile

Principal Officer

BRITTANY GLASS

Phone

8645827042

Tax Period

2024-12-01 to 2025-11-30

PIEDMONT INTERSTATE FAIR, founded in 1946, is a small nonprofit in the Recreation & Sports sector that reported $524K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $463K left a modest 12% surplus.

Mission

THE PIEDMONT INTERSTATE FAIR IS COMMITTED TO PROVIDING QUALITY ENTERTAINMENT TO ALL OF THE COMMUNITY, PROVIDING A FORUM FOR COMPETITIVE DISPLAYS OF LOCAL ARTISTS, INDUSTRY, AND AGRICULTURAL EXHIBITS, AND OFFERING EDUCATIONAL OPPORTUNITIES TO STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $405,636

THE FAIR ASSOCIATION ANNUALLY CONDUCTS AN AREA FAIR THAT EDUCATES THE PIEDMONT AREA RESIDENTS IN MANY ASPECTS OF ANIMAL HUSBANDRY, AGRICULTURE, HORTICULTURE, AND COMMUNITY COMMERCE IN A FUN AND...

THE FAIR ASSOCIATION ANNUALLY CONDUCTS AN AREA FAIR THAT EDUCATES THE PIEDMONT AREA RESIDENTS IN MANY ASPECTS OF ANIMAL HUSBANDRY, AGRICULTURE, HORTICULTURE, AND COMMUNITY COMMERCE IN A FUN AND ENTERTAINING ATMOSPHERE THAT ATTRACTS A LARGE PORTION OF THE AREA POPULATION. THE FAIR SHOWCASES THE AGRICULTURAL AND INDUSTRIAL ACTIVITIES OF THE AREA. APPROXIMATELY 20,000 ATTENDED THE 2025 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 $0

Program Service Revenue $452,016

Investment Income $72,376

Other Revenue $0

TOTAL REVENUE $524,392

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $140,431

Fundraising Expenses $10,774

Program Expenses $405,636

Other Expenses $312,244

TOTAL EXPENSES $462,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$524,392	$476,217	+0.1%
Expenses	$462,675	$429,292	+0.1%
Net Income	$61,717	$46,925	+0.3%

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

Volunteers

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

$37,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MICHELS	EXEC. DIRECT	40.00	Officer	$37,000	$0	$37,000
JP BAEHR	PRESIDENT	2.00	Officer Director	$0	$0	$0
RODNEY BISHOP	DIRECTOR	0.00	Director	$0	$0	$0
CHASE CHUMLEY	DIRECTOR	0.00	Director	$0	$0	$0
RANDY GEORGE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ANNA VOYLES HODGE	DIRECTOR	0.00	Director	$0	$0	$0
WAYNE HOWELL	DIRECTOR	0.00	Director	$0	$0	$0
MAX HYDE	DIRECTOR	0.00	Director	$0	$0	$0
WC BAIN JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOEY LEMMONS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
WILLIAM LITTLEJOHN	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
JOAN MCKEOWN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DENNIS PRUITT	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK SETTLE	DIRECTOR	0.00	Director	$0	$0	$0
LISA WOMICK SHEA	DIRECTOR	0.00	Director	$0	$0	$0
DOUG SIMS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TODD STEPHENS	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JAMES TALLEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CINDY TONEY	DIRECTOR	0.00	Director	$0	$0	$0
BRITTANY GLASS	EXEC. DIRECT	40.00	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	$524,392	$462,675	$1,832,956	$61,717
2024	$476,217	$429,292	$1,745,283	$46,925
2023	$497,170	$397,672	$1,573,963	$99,498
2022	$482,213	$407,046	$1,468,919	$75,167
2021	$627,771	$359,809	$1,411,079	$267,962
2020	$67,401	$222,312	$1,078,014	$-154,911
2019	$482,903	$403,421	$1,261,311	$79,482
2018	$455,360	$392,032	$1,170,922	$63,328