COOSA VALLEY FAIR ASSOCIATION INC (EIN 586043884) - 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

1949

Legal Domicile

Principal Officer

JOSEPH R WADE JR

Phone

7063467173

Tax Period

2023-01-01 to 2023-12-31

COOSA VALLEY FAIR ASSOCIATION INC, founded in 1949, is a small nonprofit in the Recreation & Sports sector that reported $517K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $461K left a modest 11% surplus.

Mission

THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO PROMOTE AND OPERATE A REGIONAL FAIR WHICH PROVIDES COMMUNITY RECREATION AND VARIOUS AMATEUR COMPETITIONS, INCLUDING LIVESTOCK & ART.

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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 $0

Program Service Revenue $449,984

Investment Income $23,709

Other Revenue $43,774

TOTAL REVENUE $517,467

Expense Breakdown

Grants Paid $18,250

Salaries & Benefits $25,445

Fundraising Expenses $0

Program Expenses $357,737

Other Expenses $417,038

TOTAL EXPENSES $460,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$517,467	$351,313	+0.5%
Expenses	$460,733	$349,767	+0.3%
Net Income	$56,734	$1,546	+35.7%

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

200

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
PHIL BURKHALTER	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE WHITE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN FORTUNE	FIRST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHI WATSON	SECOND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOE WADE JR	Treasurer	2.00	Officer Director	$0	$0	$0
BRYAN SHEALY	Secretary	2.00	Officer Director	$0	$0	$0
JOYCE GASTON	Director	2.00	Director	$0	$0	$0
MIKE ELLIOT	Director	2.00	Director	$0	$0	$0
BONNY ASKEW	Director	2.00	Director	$0	$0	$0
RICHARD DIXON	Director	2.00	Director	$0	$0	$0
AMY PATTERSON	Director	2.00	Director	$0	$0	$0
BEN RIGAS	Director	2.00	Director	$0	$0	$0
WANDA WHITTEN	Director	2.00	Director	$0	$0	$0
VANN KNIGHT	Director	2.00	Director	$0	$0	$0
SUSIE EDWARDS	Director	2.00	Director	$0	$0	$0
BARBARA ELLIOT	Director	2.00	Director	$0	$0	$0
SAM EVANS	Director	2.00	Director	$0	$0	$0
TED NOE	Director	2.00	Director	$0	$0	$0
KATHY KERCE	DIRECTOR	2.00	Director	$0	$0	$0
DAVE SHELTON	DIRECTOR	2.00	Director	$0	$0	$0
BILL KING	EX OFFICIO	2.00	Officer Director	$0	$0	$0
FRANK SHROPSHIRE	DIRECTOR	2.00	Officer Director	$0	$0	$0
JACKIE MORELAND	DIRECTOR	2.00	Officer Director	$0	$0	$0
JP COOPER	DIRECTOR	2.00	Officer Director	$0	$0	$0
SHERRY THOMPSON	DIRECTOR	2.00	Officer 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	$517,467	$460,733	$1,471,070	$56,734
2022	$351,313	$349,767	$1,413,536	$1,546
2021	$295,453	$284,239	$1,411,584	$11,214
2020	$29,598	$127,154	$1,397,626	$-97,556
2019	$310,272	$308,996	$1,495,607	$1,276
2018	$320,031	$283,901	$1,493,845	$36,130

COOSA VALLEY FAIR ASSOCIATION INC