DESOTO COUNTY FAIR ASSOCIATION INC (EIN 592400445) - 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

1993

Legal Domicile

Principal Officer

DAVID CROSS

Phone

8633031710

Tax Period

2023-06-01 to 2024-05-31

DESOTO COUNTY FAIR ASSOCIATION INC, founded in 1993, is a small nonprofit that reported $213K in total revenue in fiscal year 2023. Expenses of $262K exceeded revenue, resulting in a 23% operating deficit.

Mission

ORGANIZES AND RUNS THE ANNUAL COUNTY FAIR. PROVIDES A FORUM FOR LOCAL SCHOOLS AND COMMUNITY GROUPS TO DISPLAY THEIR ACCOMPLISHMENTS AND WORKS. LIVESTOCK, BOOTHS, AND OTHER AGRICULTURAL EVENTS ALLOW STODENTS TO EXHIBIT THEIR SELF RAISED STEER, SWINE AND OTHER LIVESTOCK TO THE 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 (2023)

Revenue Breakdown

Contributions & Grants $45,042

Program Service Revenue $167,735

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,777

Expense Breakdown

Grants Paid $16,450

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,131

Other Expenses $245,373

TOTAL EXPENSES $261,823

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,777	$214,333	0.0%
Expenses	$261,823	$197,459	+0.3%
Net Income	$-49,046	$16,874	-3.9%

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

N/A

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
KRISTI BERG	TREASURER	2.00	Officer	$0	$0	$0
DAVID CROSS	PRESIDENT	2.00	Officer	$0	$0	$0
RIC MILLS	VICE PRESIDE	2.00	Officer	$0	$0	$0
JAYME SKINNER	SECRATARY	2.00	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
2025	No data	No data	No data	No data
2024	$212,777	$261,823	$531,960	$-49,046
2023	$214,333	$197,459	$593,006	$16,874
2022	$272,217	$292,568	$577,472	$-20,351
2021	$128,843	$278,206	$595,878	$-149,363
2020	$278,208	$170,725	$743,491	$107,483
2019	$127,692	$131,510	$636,007	$-3,818

DESOTO COUNTY FAIR ASSOCIATION INC