HART COUNTY FAIR ASSOCIATION INC (EIN 611306511) - 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

1974

Legal Domicile

Principal Officer

JAMES T ENGLAND

Phone

2705242008

Tax Period

2023-01-01 to 2023-12-31

HART COUNTY FAIR ASSOCIATION INC, founded in 1974, is a micro nonprofit in the Recreation & Sports sector that reported $90K in total revenue in fiscal year 2023. Expenses of $82K left a modest 9% surplus.

Mission

TO INSTRUCT THE PUBLIC ON AGRICULTURE MATTERS BY CONDUCTING PUBLIC FAIRS AND EXHIBITIONS OF LIVESTOCK, POULTRY AND FARM PRODUCTS AND PROMOTE GENERAL WELFARE OF HART COUNTY, KENTUCKY.

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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 $200

Program Service Revenue $90,007

Investment Income $13

Other Revenue $0

TOTAL REVENUE $90,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,073

Other Expenses $82,073

TOTAL EXPENSES $82,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,220	$90,220	N/A
Expenses	$82,073	$87,629	-0.1%
Net Income	$8,147	$2,591	+2.1%

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

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
JAMES T ENGLAND	PRESIDENT	N/A	Officer Director	$0	$0	$0
TERRY SMITH	1ST VICE PRE	N/A	Officer Director	$0	$0	$0
GRACE DUNAGAN	2ND VICE PRE	N/A	Officer Director	$0	$0	$0
FRAN BOWSHER	SECRETARY	N/A	Officer Director	$0	$0	$0
ASHLEY WALTERS	TREASURER	N/A	Officer Director	$0	$0	$0
RANDALL CURRY	DIRECTOR	N/A	Director	$0	$0	$0
HAZEL RUSSELL	DIRECTOR	N/A	Director	$0	$0	$0
FRANKIE HARLOW	DIRECTOR	N/A	Director	$0	$0	$0
GARLAND LOGSDON	DIRECTOR	N/A	Director	$0	$0	$0
MARLA GARDNER	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY THOMAS	DIRECTOR	N/A	Director	$0	$0	$0
SHAWN MURRAY	DIRECTOR	N/A	Director	$0	$0	$0
MIKE ENGLAND	DIRECTOR	N/A	Director	$0	$0	$0
BRENT SHELTON	DIRECTOR	N/A	Director	$0	$0	$0
JEFF LOYALL	DIRECTOR	N/A	Director	$0	$0	$0
PEGGY SUE AVERY	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS MEREDITH	DIRECTOR	N/A	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
2023	$90,220	$82,073	$237,270	$8,147
2022	$90,220	$87,629	$229,123	$2,591
2021	$85,320	$84,007	$241,048	$1,313
2020	$23,138	$48,389	$247,735	$-25,251
2019	$91,095	$121,482	$272,986	$-30,387

HART COUNTY FAIR ASSOCIATION INC