MEADE COUNTY FAIR INC (EIN 611191667) - 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

1985

Legal Domicile

Principal Officer

DAVID PACE

Phone

2704222000

Tax Period

2023-11-01 to 2024-10-31

MEADE COUNTY FAIR INC, founded in 1985, is a small nonprofit in the Recreation & Sports sector that reported $386K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $426K exceeded revenue, resulting in a 10% operating deficit.

Mission

MANAGE FAIR FOR EDUCATIONAL PURPOSES

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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 $6,500

Program Service Revenue $371,935

Investment Income $1,659

Other Revenue $5,935

TOTAL REVENUE $386,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $426,279

Other Expenses $426,279

TOTAL EXPENSES $426,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,029	$408,382	-0.1%
Expenses	$426,279	$347,472	+0.2%
Net Income	$-40,250	$60,910	-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

N/A

Volunteers

100

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

$9,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA YATES	CO SEC./TREA	7.00	Officer	$4,500	$0	$4,500
KRISTEN BARR	CO SEC./TREA	5.00	Officer	$2,500	$0	$2,500
MORGAN WYATT	CO SEC./TREA	5.00	Officer	$2,500	$0	$2,500
DOUG BANKS	DIRECTOR	2.00	Director	$0	$0	$0
SARAH FACKLER	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW FORD	DIRECTOR	2.00	Director	$0	$0	$0
CHAD FORD	DIRECTOR	2.00	Director	$0	$0	$0
KENNY HAUGHT	DIRECTOR	2.00	Director	$0	$0	$0
LANCE PADGETT	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
PERRY RICHARDSON	DIRECTOR	2.00	Director	$0	$0	$0
RUSS FACKLER	V PRESIDENT	5.00	Officer	$0	$0	$0
DAVID PACE	PRESIDENT	10.00	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
2024	$386,029	$426,279	$726,761	$-40,250
2023	$408,382	$347,472	$773,426	$60,910
2022	$388,650	$351,784	$706,101	$36,866
2021	$365,939	$279,781	$669,235	$86,158

MEADE COUNTY FAIR INC