HOPKINS COUNTY FAIR INC (EIN 610676164) - 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

1950

Legal Domicile

Principal Officer

ALAN LUTZ

Phone

2708212426

Tax Period

2024-01-01 to 2024-12-31

HOPKINS COUNTY FAIR INC, founded in 1950, is a small nonprofit in the Recreation & Sports sector that reported $528K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $470K left a modest 11% surplus.

Mission

SPONSORING ANNUAL AGRICULTURAL AND INDUSTRIAL FAIR AND OPERATING THE BALLARD CONVENTION CENTER TO PROMOTE TOURISM AND EDUCATION IN THE 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 (2024)

Revenue Breakdown

Contributions & Grants $213,101

Program Service Revenue $284,470

Investment Income $9

Other Revenue $30,087

TOTAL REVENUE $527,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,615

Fundraising Expenses $0

Program Expenses $469,650

Other Expenses $375,035

TOTAL EXPENSES $469,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$527,667	$464,300	+0.1%
Expenses	$469,650	$551,069	-0.1%
Net Income	$58,017	$-86,769	-1.7%

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

$30,000

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRI BUCHANAN	EXECUTIVE DI	30.00	Officer Director	$30,000	$0	$30,000
RAY CARTWRIGHT	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TOM GULLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRIAN JONES	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ALAN LUTZ	TREASURER	N/A	Officer Director	$0	$0	$0
ETHELMA LUTZ	SECRETARY	N/A	Officer Director	$0	$0	$0
BYRON PRUITT	VICE PRESIDE	N/A	Officer 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	$527,667	$469,650	$1,744,023	$58,017
2023	$464,300	$551,069	$1,719,657	$-86,769
2022	$561,097	$490,843	$1,802,225	$70,254
2021	$413,258	$476,207	$1,766,634	$-62,949
2020	$132,902	$234,762	$1,812,832	$-101,860
2019	$448,829	$531,688	$1,905,925	$-82,859
2018	$506,227	$539,052	$2,001,538	$-32,825

HOPKINS COUNTY FAIR INC