ST LUCIE COUNTY FAIR ASSOCIATION I… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

BRETT ADAMS

Phone

7724642910

Tax Period

2023-07-01 to 2024-06-30

ST LUCIE COUNTY FAIR ASSOCIATION INC, founded in 1964, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 13% surplus.

Mission

CONDUCTS ANNUAL FAIR AS AN EXPOSITION FOR THE BENEFIT AND DEVELOPMENT OF AGRICULTURE AND OTHER RESOURCES IN THE COUNTY.

Program Service Accomplishments

Program 1

Expenses: $1,227,030 Revenue: $1,805,713

THE FAIR ASSOCIATION IS RESPONSIBLE FOR CONDUCTING AN ANNUAL FAIR FOR THE BENEFIT, DEVELOPMENT, AND PROMOTION OF AGRICULTURE OF ST. LUCIE COUNTY.

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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 $23,649

Program Service Revenue $1,805,713

Investment Income $5,988

Other Revenue $0

TOTAL REVENUE $1,835,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,442

Fundraising Expenses $19,809

Program Expenses $1,227,030

Other Expenses $1,321,442

TOTAL EXPENSES $1,587,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,835,350	$1,524,729	+0.2%
Expenses	$1,587,884	$1,293,944	+0.2%
Net Income	$247,466	$230,785	+0.1%

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

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

$35,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIST RUSSAKIS	TRUSTEE	5.00	Director	$0	$0	$0
KATHY GLADWIN	TRUSTEE	5.00	Director	$0	$0	$0
STEVE HOSKINS	TRUSTEE	5.00	Director	$0	$0	$0
DOUG SWARTZ	TRUSTEE	5.00	Director	$0	$0	$0
BRETT ADAMS	PRESIDENT	8.00	Officer Director	$0	$0	$0
CHRISTY DAY	TREASURER	8.00	Officer Director	$0	$0	$0
WAYLON WILSON	TRUSTEE	5.00	Director	$0	$0	$0
TRACY HURTA	VICE PRESIDENT	8.00	Officer	$0	$0	$0
AUDRA MACON	SECRETARY	8.00	Officer	$0	$0	$0
JAY SPICER	EXECUTIVE DIRECTOR	40.00	Officer	$35,750	$0	$35,750

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	$1,835,350	$1,587,884	$2,198,848	$247,466
2023	$1,524,729	$1,293,944	$1,953,544	$230,785
2022	$1,599,548	$1,149,570	$1,747,258	$449,978
2021	$1,179,665	$1,039,333	$1,336,415	$140,332
2020	$1,374,820	$1,337,933	$1,221,074	$36,887
2019	$1,435,993	$1,131,962	$1,204,789	$304,031

ST LUCIE COUNTY FAIR ASSOCIATION INC