GRAYSON COUNTY FAIR INC (EIN 611052444) - 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

1951

Legal Domicile

Principal Officer

WILLIAM THOMASON

Phone

2702599601

Tax Period

2024-10-01 to 2025-09-30

GRAYSON COUNTY FAIR INC, founded in 1951, is a small nonprofit that reported $479K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 32% operating margin.

Mission

TO PROVIDE A COMMUNITY-BASED ENVIRONMENT FOR RECREATION, FELLOWSHIP AND EDUCATION THROUGH A COUNTY FAIR AND OTHER ACTIVITIES.

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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 $129,024

Program Service Revenue $340,610

Investment Income $2,124

Other Revenue $6,842

TOTAL REVENUE $478,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $323,382

TOTAL EXPENSES $323,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$478,600	$312,846	+0.5%
Expenses	$323,382	$292,631	+0.1%
Net Income	$155,218	$20,215	+6.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAKE AUBREY	DIRECTOR	1.00	Director	$0	$0	$0
BILLY DALLAS	DIRECTOR	1.00	Director	$0	$0	$0
CAMERON DECKER	ALTERNATE DI	1.00	Director	$0	$0	$0
KEITH GALLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH JONES	DIRECTOR	1.00	Director	$0	$0	$0
JAYME PHARIS-OWENS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
WES WHITMORE	DIRECTOR	1.00	Director	$0	$0	$0
ADAM WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
TODD CAVE	SECRETARY	1.00	Officer	$0	$0	$0
TYLER HARRELL	VICE PRESIDE	1.00	Officer	$0	$0	$0
KEVIN PHARIS	PRESIDENT	1.00	Officer	$0	$0	$0
WILLIAM THOMASON	TREASURER	1.00	Officer	$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	$478,600	$323,382	$387,161	$155,218
2024	$312,846	$292,631	$231,943	$20,215
2023	$322,921	$271,607	$227,113	$51,314
2022	$254,740	$222,306	$192,466	$32,434
2021	$222,279	$181,916	$171,698	$40,363
2019	$275,695	$250,423	$184,902	$25,272
2018	$272,506	$253,935	$192,190	$18,571

GRAYSON COUNTY FAIR INC