SOUTH FLORIDA FAIR & PALM BEACH COUNTY EXPOSITIONS INC (EIN 590870057) - 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

1976

Legal Domicile

Principal Officer

MATTHEW WALLSMITH

Phone

5617930333

Tax Period

2024-07-01 to 2025-06-30

SOUTH FLORIDA FAIR & PALM BEACH COUNTY EXPOSITIONS INC, founded in 1976, is a mid-sized nonprofit in the Recreation & Sports sector that reported $24.7M in total revenue in fiscal year 2024. The organization ran a surplus of $4.1M, a strong 17% operating margin.

Mission

THE SOUTH FLORIDA FAIR AND PALM BEACH COUNTY EXPOSITIONS, INC. IS A NON-PROFIT CORPORATION WHOSE PURPOSE IS TO PRESERVE AND PROMOTE THE AGRICULTURAL, TRADE, ENTERTAINMENT AND HISTORICAL HERITAGE OF OUR COMMUNITY.

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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 $212,694

Program Service Revenue $22,288,433

Investment Income $799,669

Other Revenue $1,410,240

TOTAL REVENUE $24,711,036

Expense Breakdown

Grants Paid $94,000

Salaries & Benefits $6,588,362

Fundraising Expenses $0

Program Expenses $16,212,906

Other Expenses $13,943,627

TOTAL EXPENSES $20,625,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,711,036	$24,788,757	0.0%
Expenses	$20,625,989	$20,313,295	+0.0%
Net Income	$4,085,047	$4,475,462	-0.1%

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

566

Volunteers

600

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

$264,065

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA ISIMINGER	CHAIR	5.00	Officer Director	$0	$0	$0
THERESA LEPORE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
PAUL ALLEN	TREASURER	5.00	Officer Director	$0	$0	$0
DAVID J DEMAY	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT WEISMAN	IMMEDIATE PAST CHAIR	5.00	Officer Director	$0	$0	$0
MABEL DATENA	TRUSTEE	2.00	Director	$0	$0	$0
DONALD P DUFRESNE	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK FRANKLIN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL E GAUGER	TRUSTEE	2.00	Director	$0	$0	$0
GLENN JERGENSEN	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN MCGINLEY	TRUSTEE	2.00	Director	$0	$0	$0
GREG RICE	TRUSTEE	2.00	Director	$0	$0	$0
JOHN M SEVERSON	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT D SHORR	TRUSTEE	2.00	Director	$0	$0	$0
KELLY SMALLRIDGE	TRUSTEE	2.00	Director	$0	$0	$0
KEITH WEDGWORTH	TRUSTEE	2.00	Director	$0	$0	$0
DONNA WINTERSON	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW WALLSMITH	PRESIDENT/CEO	40.00	Officer	$224,408	$39,657	$264,065
LANCE C FUCHS	GENERAL COUNSEL/ASSISTANT SECRETARY	5.00	Officer	$0	$0	$0
SHAMEL JALAHEJ	CFO	40.00	Highest	$117,502	$13,124	$130,626
BECKY BRASHEAR	DIR. OF BUSINESS DEVELOPME	40.00	Highest	$120,843	$10,507	$131,350
RITA DEMIER	DIR. OF BRAND DEVELOPMENT	40.00	Highest	$115,723	$19,364	$135,087
ANABELL MANNERS	EXPO SALES MANAGER	40.00	Highest	$105,890	$10,141	$116,031
THERESA AGRICOLA	SPONSORSHIP MANAGER	40.00	Highest	$100,411	$19,357	$119,768
ALEX RODRIGUEZ	DIR. OF OPERATIONS	40.00	Highest	$109,018	$15,523	$124,541
VICTORIA CHOURIS	FORMER PRESIDENT/CEO	40.00		$174,800	$6,038	$180,838

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	$24,711,036	$20,625,989	$45,874,570	$4,085,047
2024	$24,788,757	$20,313,295	$42,518,193	$4,475,462
2023	$24,501,820	$19,165,734	$38,307,019	$5,336,086
2022	$19,368,883	$16,648,555	$33,918,322	$2,720,328
2021	$15,373,950	$14,038,200	$32,703,938	$1,335,750
2020	$16,387,036	$15,884,796	$31,644,888	$502,240
2019	$15,498,367	$15,823,500	$30,838,367	$-325,133
2018	$17,008,100	$16,105,323	$32,010,020	$902,777

SOUTH FLORIDA FAIR & PALM BEACH COUNTY EXPOSITIONS INC