SUMTER FAIR ASSOCIATION INC (EIN 591449770) - 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

1999

Legal Domicile

Principal Officer

AUSTIN WHITE

Phone

3526260396

Tax Period

2024-01-01 to 2024-12-31

SUMTER FAIR ASSOCIATION INC, founded in 1999, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 1334% from the prior year, signaling strong growth momentum.

Mission

SPONSOR AGRICULTURAL, EDUCATION, CULTURAL AND PROMOTIONAL EVENTS FOR THE GENERAL PUBLIC OF SUMTER COUNTY, FLORIDA WITH AN ESTIMATED POPULATION OF 107,056 PEOPLE.

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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 $1,729,897

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,729,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,797

Fundraising Expenses $0

Program Expenses $1,887,162

Other Expenses $1,779,365

TOTAL EXPENSES $1,887,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,729,897	$120,633	+13.3%
Expenses	$1,887,162	$212,540	+7.9%
Net Income	$-157,265	$-91,907	+0.7%

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

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
MEGHAN KNAPP	VICE PRESIDENT	10.00	Officer	$0	$0	$0
TOM FORD	PRESIDENT	10.00	Officer	$0	$0	$0
KENNY RAY	BOARD MEMBER	5.00	Director	$0	$0	$0
KAY ADKINS	BOARD MEMBER	5.00	Director	$0	$0	$0
LINDA FARMER	SECRETARY	5.00	Officer	$0	$0	$0
ERIN MUNZ	BOARD MEMBER	5.00	Director	$0	$0	$0
ELEANOR BATEMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
JUSTIN REVELS	BOARD MEMBER	5.00	Director	$0	$0	$0
AUSTIN WHITE	TREASURER	5.00	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	$1,729,897	$1,887,162	$2,386,248	$-157,265
2023	$120,633	$212,540	$2,543,804	$-91,907
2022	$1,679,891	$1,462,349	$502,312	$217,542
2021	$236,080	$172,892	$284,879	$63,188
2020	$257,653	$201,546	$220,512	$56,107
2019	$126,642	$145,092	$163,358	$-18,450

SUMTER FAIR ASSOCIATION INC