BOYD COUNTY FAIR INC (EIN 611202367) - 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

1991

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

BOYD COUNTY FAIR INC, founded in 1991, is a small nonprofit in the Recreation & Sports sector that reported $103K in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $93K left a modest 10% surplus.

Mission

PROMOTION AND SPONSORSHIP OF THE ANNUAL BOYD COUNTY FAIR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $39,445

Program Service Revenue $63,860

Investment Income $0

Other Revenue $0

TOTAL REVENUE $103,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,563

Other Expenses $92,563

TOTAL EXPENSES $92,563

Year-over-Year Comparison

	2022	2021	Change
Revenue	$103,305	$85,793	+0.2%
Expenses	$92,563	$70,447	+0.3%
Net Income	$10,742	$15,346	-0.3%

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
BRENDA PHELPS	DIRECTOR	1.00	Director	$0	$0	$0
JODY GOATS	DIRECTOR	1.00	Director	$0	$0	$0
KERRY CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
LARRY KEATON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLEN KEATON	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTY UTLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
JILL MCGLONE	TREASURER	1.00	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
2022	$103,305	$92,563	$54,353	$10,742
2021	$85,793	$70,447	$43,611	$15,346
2020	$10,842	$7,951	$28,265	$2,891
2019	$84,438	$77,586	$25,374	$6,852
2018	$92,483	$118,592	$18,522	$-26,109

BOYD COUNTY FAIR INC