SOUTHWEST FLORIDA & LEE COUNTY FAIR (EIN 596142649) - 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

1998

Legal Domicile

Principal Officer

MIKE PEAK

Phone

2399803754

Tax Period

2023-07-01 to 2024-06-30

SOUTHWEST FLORIDA & LEE COUNTY FAIR, founded in 1998, is a small nonprofit in the Recreation & Sports sector that reported $577K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $984K exceeded revenue, resulting in a 70% operating deficit.

Mission

THE ASSOCIATION IS DEDICATED TO THE AGRICULTURAL AND HORTICULTURAL ADVANTAGES THAT ARE AVAILABLE THROUGH EDUCATIONAL AND INFORMATIVE SHOWCASES THAT FEATURE PARTICIPATING YOUTH FROM OUR 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 $0

Program Service Revenue $615,887

Investment Income $-38,528

Other Revenue $0

TOTAL REVENUE $577,359

Expense Breakdown

Grants Paid $22,502

Salaries & Benefits $472,005

Fundraising Expenses $0

Program Expenses $964,121

Other Expenses $489,525

TOTAL EXPENSES $984,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,359	$4,109,357	-0.9%
Expenses	$984,032	$4,135,224	-0.8%
Net Income	$-406,673	$-25,867	+14.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE PEAK	PRESIDENT	5.00	Officer Director	$0	$0	$0
GENE SIMS	1ST VICE-PRE	5.00	Officer Director	$0	$0	$0
RANDY COLLMER	2ND VICE-PRE	5.00	Officer Director	$0	$0	$0
LARRY FITCH	TREASURER	5.00	Officer Director	$0	$0	$0
TOM KNAFEL	SECRETARY	1.00	Officer Director	$0	$0	$0
WADE BURNETTE	DIRECTOR	1.00	Director	$0	$0	$0
RANDY CRONE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE POWELL	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SHERKUS	DIRECTOR	1.00	Director	$0	$0	$0
JOE SETARO	DIRECTOR	1.00	Director	$0	$0	$0
DONNIE FEWELL	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$577,359	$984,032	$1,413,818	$-406,673
2023	$4,109,357	$4,135,224	$1,950,439	$-25,867
2022	$4,555,563	$4,139,516	$1,940,005	$416,047
2021	$3,127,405	$3,013,380	$1,502,474	$114,025
2020	$3,223,200	$3,283,637	$1,658,620	$-60,437
2019	$3,573,964	$3,391,933	$1,712,003	$182,031
2018	$3,282,803	$3,247,790	$2,142,227	$35,013

SOUTHWEST FLORIDA & LEE COUNTY FAIR