MERCHANTS ASSOCIATION OF COLUMBIA COUNTY INC (EIN 581762742) - Form 990 Financial Analysis & Trantor Score

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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

1962

Legal Domicile

Principal Officer

LOUIS TANKERSLEY

Phone

7068625481

Tax Period

2023-01-01 to 2023-12-31

MERCHANTS ASSOCIATION OF COLUMBIA COUNTY INC, founded in 1962, is a mid-sized nonprofit in the Recreation & Sports sector that reported $15.8M in total revenue in fiscal year 2023. Revenue surged 259% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.2M, a strong 96% operating margin.

Mission

AS A NON-PROFIT ORGANIZATION, WE LOOK AT OUR ORGANIZATION AS A COMMUNITY RESOURCE WITH ONE OF OUR MAIN FUNCTIONS BEING TO PROVIDE A QUALITY COUNTY FAIR FOR OUR GUESTS. THE FAIR ENHANCES EDUCATIONAL OPPORTUNITIES BY FUNDING SCHOLARSHIPS AND ALLOWING AREA YOUTH TO DISPLAY AGRICULTURAL EXHIBITS. OVERALL, THE FAIR UNITES THE URBAN AND RURAL PORTIONS OF OUR COMMUNITY AND STRIVES TO ENTERTAIN AND PROMOTE THE COMMUNITY'S TRADITIONS, TALENTS, AND DIVERSITY. OUR GOAL IS TO PROVIDE WHOLESOME FAMILY ACTIVITIES THAT EDUCATE, ENTERTAIN, AND STIMULATE THOSE WHO ATTEND THE 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 (2023)

Revenue Breakdown

Contributions & Grants $15,018,450

Program Service Revenue $0

Investment Income $36,209

Other Revenue $727,856

TOTAL REVENUE $15,782,515

Expense Breakdown

Grants Paid $259,542

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $280,616

Other Expenses $322,703

TOTAL EXPENSES $582,245

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,782,515	$4,401,288	+2.6%
Expenses	$582,245	$413,487	+0.4%
Net Income	$15,200,270	$3,987,801	+2.8%

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

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
HAL FOUNTAIN	PRESIDENT	0.25	Officer Director	$0	$0	$0
CAROL GARDNER	PRESIDENT ELECT	0.25	Officer Director	$0	$0	$0
REYNOLD BORSETH	PAST PRESIDENT	0.25	Officer Director	$0	$0	$0
MILENA HENDERSON	SPECIAL ADVISOR	0.25	Officer Director	$0	$0	$0
LOUIS TANKERSLEY	TREASURER	0.25	Officer Director	$0	$0	$0
JOYCE HAMMETT	SECRETARY	0.25	Officer Director	$0	$0	$0
MIKE ZAPATA	LIFETIME DIRECTOR	0.25	Director	$0	$0	$0
BOBBY HERRINGTON	LIFETIME DIRECTOR	0.25	Director	$0	$0	$0
JOHN PARISH	DIRECTOR	0.25	Director	$0	$0	$0
JESS EVANS	DIRECTOR	0.25	Director	$0	$0	$0
RICKY MAYS	DIRECTOR	0.25	Director	$0	$0	$0
BILL EASLER	DIRECTOR	0.25	Director	$0	$0	$0
MARK HERBERT	DIRECTOR	0.25	Director	$0	$0	$0
GEORGE BRYAN	DIRECTOR	0.25	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	No data	No data	No data	No data
2023	$15,782,515	$582,245	$22,815,504	$15,200,270
2022	$4,401,288	$413,487	$7,615,234	$3,987,801
2021	$985,123	$366,774	$2,936,111	$618,349
2020	$326,066	$267,558	$2,317,762	$58,508
2019	$433,032	$293,646	$2,259,254	$139,386
2018	$340,854	$258,330	$2,119,868	$82,524

MERCHANTS ASSOCIATION OF COLUMBIA COUNTY INC