WEST TENNESSEE STATE FAIR INC (EIN 620989387) - 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

1976

Legal Domicile

Principal Officer

MIKE PEERY

Phone

7316684300

Tax Period

2023-11-01 to 2024-10-31

WEST TENNESSEE STATE FAIR INC, founded in 1976, is a small nonprofit that reported $112K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $154K exceeded revenue, resulting in a 38% operating deficit.

Mission

COMMUNITY SERVICE TO WEST TN AREA

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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 $3,191

Program Service Revenue $97,123

Investment Income $1,034

Other Revenue $10,232

TOTAL REVENUE $111,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,975

Fundraising Expenses $0

Other Expenses $150,778

TOTAL EXPENSES $153,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,580	$209,022	-0.5%
Expenses	$153,753	$187,189	-0.2%
Net Income	$-42,173	$21,833	-2.9%

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

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
JEFFERY COUGHLIN	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
FRED CUNNINGHAM	SECETARY	N/A	Officer Director	$0	$0	$0
PETE JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
BRIAN KEMP	BOARD MEMBER	N/A	Director	$0	$0	$0
HAYLEY O'NEAL	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE PEERY	BOARD MEMBER	20.00	Officer Director	$0	$0	$0
CHRIS RAWDON	TREASURER	N/A	Officer Director	$0	$0	$0
SHERIFF WISER	BOARD MEMBER	N/A	Director	$0	$0	$0
SCOTT WOOLFOLK	PRESIDENT	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
2024	$111,580	$153,753	$122,979	$-42,173
2023	$209,022	$187,189	$165,152	$21,833
2022	$158,893	$162,051	$143,319	$-3,158
2021	$172,153	$123,551	$148,684	$48,602
2020	$13,935	$79,478	$98,336	$-65,543
2018	$226,368	$187,756	$154,797	$38,612

WEST TENNESSEE STATE FAIR INC