CENTRAL PANHANDLE FAIR IN BAY COUNTY (EIN 593571377) - 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

HENRY GOINES

Phone

8507692645

Tax Period

2024-01-01 to 2024-12-31

CENTRAL PANHANDLE FAIR IN BAY COUNTY, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $245K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $352K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO PROVIDE MEETING AND EXHIBITION FACILITIES FOR AGRICULTURAL RELATED ACTIVITIES.

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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 $150

Program Service Revenue $99,710

Investment Income $53,742

Other Revenue $91,037

TOTAL REVENUE $244,639

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $32,531

Fundraising Expenses $0

Other Expenses $316,792

TOTAL EXPENSES $352,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,639	$328,448	-0.3%
Expenses	$352,323	$358,695	0.0%
Net Income	$-107,684	$-30,247	+2.6%

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

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

$10,200

Total Directors

$28,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM JENKINS	PRESIDENT	16.00	Officer Director	$0	$0	$0
JOHNNIE WILSON	VICE PRESIDENT	16.00	Officer Director	$0	$0	$0
HENRY GOINES	SECRETARY/TREASURER	16.00	Officer Director	$10,200	$0	$10,200
TOMMY LOFTIN	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN BARTLETT	DIRECTOR	16.00	Director	$0	$0	$0
JOHN SUMERALL	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN PALMER	DIRECTOR	2.00	Director	$0	$0	$0
ANDY JAMES	DIRECTOR	2.00	Director	$0	$0	$0
JIM HIXON	DIRECTOR	2.00	Director	$0	$0	$0
BILLY DENNINSON	DIRECTOR	16.00	Director	$18,400	$0	$18,400

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	$244,639	$352,323	$3,269,389	$-107,684
2023	$328,448	$358,695	$3,379,723	$-30,247
2022	$63,985	$219,166	$3,412,964	$-155,181
2021	$447,274	$186,291	$3,562,996	$260,983
2020	$1,206,083	$130,100	$3,308,191	$1,075,983
2019	$1,141,708	$84,329	$2,648,959	$1,057,379
2019	$1,141,708	$84,329	$2,648,959	$1,057,379
2018	$182,590	$174,278	$1,166,658	$8,312

CENTRAL PANHANDLE FAIR IN BAY COUNTY