Lake Agriculture & Youth Fair Association Inc (EIN 590648179) - 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

1986

Legal Domicile

Principal Officer

James Nussbaumer

Tax Period

2022-07-01 to 2023-06-30

Lake Agriculture & Youth Fair Association Inc, founded in 1986, is a small nonprofit in the Recreation & Sports sector that reported $460K in total revenue in fiscal year 2022. Expenses of $527K exceeded revenue, resulting in a 15% operating deficit.

Mission

Host an annual youth fair and exposition to foster the development of and education in agricultural and horticultural activities among the youth of Lake County, FL and to provide a showplace for their achievements.

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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 (2022)

Revenue Breakdown

Contributions & Grants $70,076

Program Service Revenue $386,863

Investment Income $2,671

Other Revenue $0

TOTAL REVENUE $459,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,551

Fundraising Expenses $0

Program Expenses $490,559

Other Expenses $399,438

TOTAL EXPENSES $526,989

Year-over-Year Comparison

	2022	2021	Change
Revenue	$459,610	$476,773	0.0%
Expenses	$526,989	$502,982	+0.0%
Net Income	$-67,379	$-26,209	+1.6%

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

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

$55,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stacey Wade	Director	40.00	Key Emp	$52,000	$3,600	$55,600
Keith Truenow	Director	1.00	Director	$0	$0	$0
Abigail Lawson	Director	1.00	Director	$0	$0	$0
Kon Scott	Director	1.00	Director	$0	$0	$0
Stephen Strickland	Director	1.00	Director	$0	$0	$0
Ricky Sredl	Director	1.00	Director	$0	$0	$0
Brad Bailey	Director	1.00	Director	$0	$0	$0
Tim Green	Director	1.00	Director	$0	$0	$0
Marty Pridgen	2nd Vice President	1.00	Officer Director	$0	$0	$0
Richard Clark	Vice President	1.00	Officer Director	$0	$0	$0
Bonny Willis	Treasurer	1.00	Officer Director	$0	$0	$0
Johnathan Germeroth	Secretary	1.00	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	$459,610	$526,989	$358,562	$-67,379
2022	$476,773	$502,982	$429,125	$-26,209
2021	$722,260	$642,826	$459,585	$79,434
2020	$61,696	$173,041	$397,177	$-111,345
2019	$661,663	$636,804	$491,431	$24,859

Lake Agriculture & Youth Fair Association Inc