WILSON COUNTY PROMOTIONS INC (EIN 621088535) - 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

1980

Legal Domicile

Principal Officer

RANDALL CLEMONS

Phone

6154432626

Tax Period

2023-01-01 to 2023-12-31

WILSON COUNTY PROMOTIONS INC, founded in 1980, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

OPERATION OF THE WILSON COUNTY-TENNESSEE STATE 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 (2023)

Revenue Breakdown

Contributions & Grants $1,314,831

Program Service Revenue $3,422,091

Investment Income $52,424

Other Revenue $12,991

TOTAL REVENUE $4,802,337

Expense Breakdown

Grants Paid $1,212,635

Salaries & Benefits $617,880

Fundraising Expenses $95,366

Program Expenses $4,620,116

Other Expenses $3,230,656

TOTAL EXPENSES $5,061,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,802,337	$4,019,272	+0.2%
Expenses	$5,061,171	$3,455,637	+0.5%
Net Income	$-258,834	$563,635	-1.5%

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

2690

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

$98,535

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN MCPEAK	EXECUTIVE DI	40.00	Officer	$98,535	$0	$98,535
RANDALL CLEMONS	PRESIDENT	6.00	Officer Director	$0	$0	$0
LYNDON LAFEVERS	VICE PRESIDE	6.00	Director	$0	$0	$0
LYNETTE TAYLOR	TREASURER	6.00	Officer Director	$0	$0	$0
KAREN JOHNSON	SECRETARY	6.00	Officer Director	$0	$0	$0
MICHAEL HOLBROOK	DIRECTOR	6.00	Officer Director	$0	$0	$0
JOE MCKEE	DIRECTOR	6.00	Director	$0	$0	$0
TERRY MCPEAK	DIRECTOR	6.00	Director	$0	$0	$0
DONNIE STEED	DIRECTOR	6.00	Director	$0	$0	$0
DAVID HALE	DIRECTOR	6.00	Director	$0	$0	$0
JOHNNIE WEBB	DIRECTOR	6.00	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	No data	No data	No data	No data
2023	$4,802,337	$5,061,171	$3,326,454	$-258,834
2022	$4,319,272	$3,455,637	$3,465,030	$863,635
2022	$4,019,272	$3,455,637	$3,765,030	$563,635
2021	$4,128,841	$3,037,990	$3,248,871	$1,090,851
2020	$662,227	$947,509	$2,153,599	$-285,282
2019	$2,718,025	$2,680,369	$2,375,572	$37,656
2018	$2,711,102	$2,681,302	$2,356,796	$29,800

WILSON COUNTY PROMOTIONS INC