HOPKINS COUNTY FAIR INC

EIN: 610676164 501(c)(3) Recreation & Sports

MADISONVILLE, KY

Total Revenue
$527,667
Total Expenses
$469,650
Total Assets
$1,744,023
Net Assets
$1,679,727
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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
KY
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.

Program Service Accomplishments

Program 1
Expenses: $244,933 Revenue: $184,051

SPONSORING ANNUAL AGRICULTURAL AND INDUSTRIAL FAIR, INCLUDING BEAUTY PAGEANTS, ARENA ENTERTAINMENT, AND VARIOUS AGRICULTURAL CONTESTS.

Program 2
Expenses: $224,717 Revenue: $100,419

MANAGEMENT OF 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%)

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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

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Governance

Voting Members
40
Independent Members
40
Employees
5
Volunteers
40

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
7
$30,000
Total Directors
7
$30,000
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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