CLAY COUNTY FAIR ASSOCIATION INC (EIN 592250047) - 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

1981

Legal Domicile

Principal Officer

ZACH LASSITER

Phone

9042841615

Tax Period

2023-10-01 to 2024-09-30

CLAY COUNTY FAIR ASSOCIATION INC, founded in 1981, is a community nonprofit in the Recreation & Sports sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 6% surplus.

Mission

THE CLAY COUNTY FAIR ASSOCIATION CONDUCTS AN ANNUAL FAIR FOR THE BENEFIT AND DEVELOPMENT OF THE EDUCATIONAL, AGRICULTURAL, HISTORICAL, CULTURAL, HORTICULTURAL, LIVESTOCK, AND OTHER RESOURCES OF CLAY COUNTY. THE 2024 FAIR WAS CONDUCTED APRIL 4, 2024, THROUGH APRIL 14, 2024.

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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 $269,520

Program Service Revenue $3,400,124

Investment Income $67,466

Other Revenue $245,665

TOTAL REVENUE $3,982,775

Expense Breakdown

Grants Paid $48,100

Salaries & Benefits $254,892

Fundraising Expenses $71,537

Program Expenses $3,345,837

Other Expenses $3,440,567

TOTAL EXPENSES $3,743,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,982,775	$3,245,717	+0.2%
Expenses	$3,743,559	$3,456,198	+0.1%
Net Income	$239,216	$-210,481	-2.1%

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

Volunteers

1500

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
REBECCA BAILEY	TREASURER	5.00	Officer Director	$0	$0	$0
BRUCE BUTLER	DIRECTOR	2.00	Director	$0	$0	$0
BOB COOK	DIRECTOR	2.00	Director	$0	$0	$0
ZACH LASSITER	CHAIRMAN	5.00	Officer Director	$0	$0	$0
KIMBERLY MIDDLETON	DIRECTOR	2.00	Director	$0	$0	$0
NICK NAGLE	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT OEHLER	VICE CHAIRMA	5.00	Officer Director	$0	$0	$0
LESLIE OLSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL RATHJEN	DIRECTOR	2.00	Director	$0	$0	$0
JAIME RUSSELL	DIRECTOR	2.00	Director	$0	$0	$0
TOM WAUGH	DIRECTOR	2.00	Director	$0	$0	$0
BEVERLY WHITENER	SECRETARY	5.00	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	$3,982,775	$3,743,559	$6,239,393	$239,216
2023	$3,245,717	$3,456,198	$6,000,153	$-210,481
2022	$2,806,382	$3,001,223	$6,279,588	$-194,841
2021	$2,872,958	$2,477,398	$6,409,577	$395,560
2020	$460,668	$1,033,586	$6,130,744	$-572,918
2019	$2,242,162	$2,003,225	$6,642,195	$238,937
2018	$1,852,877	$1,662,187	$6,508,487	$190,690

CLAY COUNTY FAIR ASSOCIATION INC