NORTH FLORIDA FAIR ASSOCIATION INC

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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

1939

Legal Domicile

Principal Officer

MARK HARVEY

Phone

8508783247

Tax Period

2023-01-01 to 2023-12-31

NORTH FLORIDA FAIR ASSOCIATION INC, founded in 1939, is a community nonprofit in the Recreation & Sports sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $424K, a strong 19% operating margin.

Mission

TO PROMOTE FLORIDA AGRICULTURE AND EDUCATE THE PUBLIC ABOUT AGRICULTURE THROUGH INFORMATIVE DISPLAYS AND ENTERTAINMENT.

Program Service Accomplishments

Program 1

Expenses: $595,877 Revenue: $1,751,707

THIS ASSOCIATION OPERATES THE ANNUAL NORTH FLORIDA FAIR PROVIDING AGRICULTURAL DISPLAYS, COMMUNITY AND FARM EXHIBITS, AND MIDWAY RIDES TO THE NORTH FLORIDA AND SOUTH GEORGIA AREA.

Program 2

Expenses: $1,030,352 Revenue: $278,460

RENTAL OF THE FAIRGROUNDS DURING THE OFF-SEASON TO HELP COVER THE ANNUAL COST OF MAINTAINING THE GROUNDS TO COMMUNITY STANDARDS. THE RENTAL INCOME IS NOT SUFFICIENT TO COVER THE COSTS.

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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 $0

Program Service Revenue $2,030,167

Investment Income $168,563

Other Revenue $73

TOTAL REVENUE $2,198,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $767,984

Fundraising Expenses $0

Program Expenses $1,626,229

Other Expenses $1,007,235

TOTAL EXPENSES $1,775,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,198,803	$1,688,456	+0.3%
Expenses	$1,775,219	$1,441,681	+0.2%
Net Income	$423,584	$246,775	+0.7%

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

146

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

$178,560

Total Directors

$3,380

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HARVEY	EXECUTIVE DI	40.00	Officer	$174,834	$3,726	$178,560
GEORGE KOLIAS	BOARD MEMBER	0.25	Director	$2,809	$0	$2,809
CAROLE ABBOTT	BOARD MEMBER	0.25	Director	$571	$0	$571
MARCUS BOSTON	PRESIDENT	0.25	Officer Director	$0	$0	$0
ASHLEY EDWARDS	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID GARDNER	SECRETARY	0.25	Officer Director	$0	$0	$0
STEVE HURM	BOARD MEMBER	0.25	Director	$0	$0	$0
SHONDA KNIGHT	BOARD MEMBER	0.25	Director	$0	$0	$0
WALTER MCNEIL	BOARD MEMBER	0.25	Director	$0	$0	$0
DR RACHEL PIENTA	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
CHRIS PRESCOTT	BOARD MEMBER	0.25	Director	$0	$0	$0
DEE DEE RUDD	BOARD MEMBER	0.25	Director	$0	$0	$0
JOSEPH STEVENS	BOARD MEMBER	0.25	Director	$0	$0	$0
LEE VAUSE	BOARD MEMBER	0.25	Director	$0	$0	$0
CHARLES VICKERY	BOARD MEMBER	0.25	Director	$0	$0	$0
HERSCHEL WILLIAMS	BOARD MEMBER	0.25	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	$2,198,803	$1,775,219	$4,083,694	$423,584
2022	$1,688,456	$1,441,681	$3,645,166	$246,775
2021	$1,901,458	$1,334,303	$3,465,926	$567,155
2020	$203,861	$772,356	$2,830,862	$-568,495
2019	$1,508,276	$1,313,756	$3,418,984	$194,520
2018	$1,461,272	$1,290,255	$3,202,063	$171,017