CITRUS COUNTY FAIR ASSOCIATION

EIN: 591516795 501(c)(3) Recreation & Sports

INVERNESS, FL

Total Revenue
$1,668,782
Total Expenses
$1,696,917
Total Assets
$941,029
Net Assets
$920,662
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
FL
Principal Officer
PAUL MCPHERSON
Phone
0352726299
Tax Period
2024-06-01 to 2025-05-31

CITRUS COUNTY FAIR ASSOCIATION, founded in 1948, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

EDUCATE AND SERVE THE RESIDENTS OF CITRUS COUNTY THROUGH THE OPERATION OF THE ANNUAL COUNTY FAIR

Program Service Accomplishments

Program 1
Expenses: $1,527,668 Revenue: $1,135,903

CITRUS COUNTY ANNUAL FAIR

Program 2
Revenue: $44,379

CITRUS COUNTY ANNUAL RACETRACK

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $355,205
Program Service Revenue $1,180,282
Investment Income $8,089
Other Revenue $125,206
TOTAL REVENUE $1,668,782

Expense Breakdown

Grants Paid $0
Salaries & Benefits $188,961
Fundraising Expenses $0
Program Expenses $1,527,668
Other Expenses $1,507,956
TOTAL EXPENSES $1,696,917

Year-over-Year Comparison

2024 2023 Change
Revenue $1,668,782 $1,338,214 +0.2%
Expenses $1,696,917 $1,359,030 +0.2%
Net Income $-28,135 $-20,816 +0.4%
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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Governance

Voting Members
32
Independent Members
32
Employees
28
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
34
$0
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK AVERY DIRECTOR N/A
Officer Director
$0 $0 $0
BO BLANTON DIRECTOR N/A
Officer Director
$0 $0 $0
CL CALLOWAY DIRECTOR N/A
Officer Director
$0 $0 $0
DAVID CALLOWAY DIRECTOR N/A
Officer Director
$0 $0 $0
CURT CLENDENNY TREASURER N/A
Officer Director
$0 $0 $0
CHARLES DAVIS DIRECTOR N/A
Officer Director
$0 $0 $0
LYLE DAVIS DIRECTOR N/A
Officer Director
$0 $0 $0
CHARLES DEAN DIRECTOR N/A
Officer Director
$0 $0 $0
JENNIFER ENGLISH DIRECTOR N/A
Officer Director
$0 $0 $0
DORIS GRASKA DIRECTOR N/A
Officer Director
$0 $0 $0
HOLLY HERNDON DIRECTOR N/A
Officer Director
$0 $0 $0
MARY HIERS DIRECTOR N/A
Officer Director
$0 $0 $0
ALBERT JORDAN DIRECTOR N/A
Officer Director
$0 $0 $0
SHELBY KING DIRECTOR N/A
Officer Director
$0 $0 $0
GAGE KOMARA DIRECTOR N/A
Officer Director
$0 $0 $0
KATRINA LETURNO DIRECTOR N/A
Officer Director
$0 $0 $0
MARCUS LETURNO DIRECTOR N/A
Officer Director
$0 $0 $0
TRAVIS LETURNO DIRECTOR N/A
Officer Director
$0 $0 $0
DICK LOCKE DIRECTOR N/A
Officer Director
$0 $0 $0
JARET LUBOWIECKI DIRECTOR N/A
Officer Director
$0 $0 $0
KANDI MCPHERSON SECRETARY N/A
Officer Director
$0 $0 $0
PAUL MCPHERSON PRESIDENT N/A
Officer Director
$0 $0 $0
DEBBIE PARKER DIRECTOR N/A
Officer Director
$0 $0 $0
MARGARET RODDENBERRY DIRECTOR N/A
Officer Director
$0 $0 $0
LARRY ROOKS DIRECTOR N/A
Officer Director
$0 $0 $0
NANCY ROOKS DIRECTOR N/A
Officer Director
$0 $0 $0
CHARLIE SIMMONS VICE PRESIDE N/A
Officer Director
$0 $0 $0
LEE EARL STOKES DIRECTOR N/A
Officer Director
$0 $0 $0
DARRAL THOMASON DIRECTOR N/A
Officer Director
$0 $0 $0
JEFF TOBIN DIRECTOR N/A
Officer Director
$0 $0 $0
NINA TOBIN DIRECTOR N/A
Officer Director
$0 $0 $0
KENNY WEAR DIRECTOR N/A
Officer Director
$0 $0 $0
LISA WHITE DIRECTOR N/A
Officer Director
$0 $0 $0
DAVID WILSON DIRECTOR N/A
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
2025 $1,668,782 $1,696,917 $941,029 $-28,135
2024 $1,338,214 $1,359,030 $967,368 $-20,816
2023 $1,901,805 $1,861,180 $983,121 $40,625
2022 $1,289,785 $1,280,864 $940,599 $8,921
2021 $1,217,089 $1,165,367 $931,884 $51,722
2019 $921,205 $973,856 $1,039,478 $-52,651
2018 $998,350 $996,429 $1,092,899 $1,921
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