COBB COUNTY FAIR ASSOCIATION INC (EIN 586043883) - 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

1951

Legal Domicile

Principal Officer

FRANK WIGINGTON

Phone

7704231330

Tax Period

2024-01-01 to 2024-12-31

COBB COUNTY FAIR ASSOCIATION INC, founded in 1951, is a community nonprofit in the Recreation & Sports sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $426K, a strong 17% operating margin.

Mission

SPONSORING AND OPERATING NORTH GEORGIA STATE FAIR HELD ANNUALLY IN COBB COUNTY GEORGIA

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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 $2,332,677

Investment Income $104,121

Other Revenue $0

TOTAL REVENUE $2,436,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,522,750

Other Expenses $2,010,943

TOTAL EXPENSES $2,010,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,436,798	$3,031,540	-0.2%
Expenses	$2,010,943	$1,923,653	+0.0%
Net Income	$425,855	$1,107,887	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAX BACON	DIRECTOR	10.00	Director	$0	$0	$0
CARLA BROWN	DIRECTOR	10.00	Director	$0	$0	$0
CHARLIE CROWDER	DIRECTOR	10.00	Director	$0	$0	$0
TERRY CHANDLER	DIRECTOR	10.00	Director	$0	$0	$0
MIKE DONAHOO	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL BRANTLEY	DIRECTOR	10.00	Director	$0	$0	$0
BRETT MCCLUNG	DIRECTOR	10.00	Director	$0	$0	$0
ALICE R SUMMEROUR	DIRECTOR	10.00	Director	$0	$0	$0
LINDSEY TIPPINS	DIRECTOR	10.00	Director	$0	$0	$0
ROSWELL STORY	DIRECTOR	10.00	Director	$0	$0	$0
COOTER SWANSON	DIRECTOR	10.00	Director	$0	$0	$0
HOLLY WALQUIST	DIRECTOR	10.00	Director	$0	$0	$0
NEIL WARREN	DIRECTOR EMERITUS	10.00	Director	$0	$0	$0
NATHAN TIPPINS	DIRECTOR	10.00	Director	$0	$0	$0
NELLE PURVIS	DIRECTOR EMERITUS	10.00	Director	$0	$0	$0
VICTOR MILTIADES	DIRECTOR	10.00	Director	$0	$0	$0
JUD THOMPSON	DIRECTOR	10.00	Director	$0	$0	$0
EDDIE WADE	DIRECTOR	10.00	Director	$0	$0	$0
DEVAN SEABAUGH	DIRECTOR	10.00	Director	$0	$0	$0
MAGGIE MOSS	DIRECTOR	10.00	Director	$0	$0	$0
JOHNNY WOODWARD JR	DIRECTOR	10.00	Director	$0	$0	$0
COLIN MEADERS	PRESIDENT	20.00	Officer	$0	$0	$0
BILL MARTIN	SECRETARY	20.00	Officer	$0	$0	$0
WADE STEPHENS	TREASURER	20.00	Officer	$0	$0	$0
CHARLOTTE DORSEY	MEMBER AT LARGE	20.00	Officer	$0	$0	$0
FRANK WIGINGTON	PAST PRESIDENT	20.00	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
2024	$2,436,798	$2,010,943	$6,749,783	$425,855
2023	$3,031,540	$1,923,653	$5,844,019	$1,107,887
2022	$2,646,009	$1,968,418	$4,315,733	$677,591
2021	$2,682,405	$1,744,390	$4,772,972	$938,015
2020	$45,844	$1,122,209	$3,606,545	$-1,076,365
2019	$1,971,348	$1,509,346	$4,105,636	$462,002
2018	$1,917,975	$1,405,308	$3,280,678	$512,667

COBB COUNTY FAIR ASSOCIATION INC