NORTHEAST FLORIDA FAIR ASSOCIATION INC (EIN 592724206) - 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

1951

Legal Domicile

Principal Officer

NORMAN K WINGATE

Phone

9043789700

Tax Period

2023-01-01 to 2023-12-31

NORTHEAST FLORIDA FAIR ASSOCIATION INC, founded in 1951, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $578K, a strong 43% operating margin.

Mission

TO PROMOTE FURTHER EDUCATION AND AWARENESS OF AGRICULTURAL AFFAIRS IN NASSAU COUNTY, FLORIDA.

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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 $648,621

Program Service Revenue $687,719

Investment Income $406

Other Revenue $0

TOTAL REVENUE $1,336,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $41,942

Program Expenses $603,000

Other Expenses $758,524

TOTAL EXPENSES $758,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,336,746	$2,095,624	-0.4%
Expenses	$758,524	$626,718	+0.2%
Net Income	$578,222	$1,468,906	-0.6%

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

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

$14,350

Total Directors

$1,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULETTE KIRKLAND	VICE PRESIDE	20.00	Officer	$4,225	$0	$4,225
NORMAN K WINGATE	PRESIDENT	20.00	Officer	$3,000	$0	$3,000
SHELLY TERRELL	SECRETARY	10.00	Officer	$2,750	$0	$2,750
BRIAN SIMMONS	VICE PRESIDE	4.00	Officer	$2,500	$0	$2,500
LARRY DOWNEY	TREASURER	20.00	Officer	$1,875	$0	$1,875
WANDA SIMMONS	TRUSTEE	2.00	Director	$1,000	$0	$1,000
TAMMY BENNETT	TRUSTEE	5.00	Director	$0	$0	$0
JEFF BRADDOCK	TRUSTEE	5.00	Director	$0	$0	$0
LIZ FORBES	TRUSTEE	20.00	Director	$0	$0	$0
DALE HANSON	TRUSTEE	2.00	Director	$0	$0	$0
PEGGY JOHNSTON	TRUSTEE	2.50	Director	$0	$0	$0
JESSI MAYNARD	TRUSTEE	10.00	Director	$0	$0	$0
MEGHAN REPOFF	TRUSTEE	10.00	Director	$0	$0	$0
GEORGE SPICER	TRUSTEE	2.00	Director	$0	$0	$0
JIMMY TERRELL	TRUSTEE	2.50	Director	$0	$0	$0
MIKE WEISCOPH	TRUSTEE	5.00	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	No data	No data	No data	No data
2023	$1,336,746	$758,524	$4,715,693	$578,222
2022	$2,095,624	$626,718	$4,145,213	$1,468,906
2021	$1,263,968	$498,185	$2,679,676	$765,783
2020	$535,506	$197,385	$1,919,548	$338,121
2019	$1,088,808	$552,018	$1,591,875	$536,790
2018	$729,542	$489,634	$1,050,157	$239,908

NORTHEAST FLORIDA FAIR ASSOCIATION INC