CLAIBORNE COUNTY FAIR ASSOCIATION (EIN 621206424) - 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

1957

Legal Domicile

Principal Officer

JIM BULL

Phone

4236265290

Tax Period

2024-01-01 to 2024-12-31

CLAIBORNE COUNTY FAIR ASSOCIATION, founded in 1957, is a small nonprofit in the Recreation & Sports sector that reported $142K in total revenue in fiscal year 2024. The organization ran a surplus of $39K, a strong 27% operating margin.

Mission

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 (2024)

Revenue Breakdown

Contributions & Grants $2,819

Program Service Revenue $112,232

Investment Income $9,410

Other Revenue $17,909

TOTAL REVENUE $142,370

Expense Breakdown

Grants Paid $8,420

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,678

Other Expenses $94,847

TOTAL EXPENSES $103,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,370	$144,056	0.0%
Expenses	$103,267	$92,702	+0.1%
Net Income	$39,103	$51,354	-0.2%

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

$550

Total Directors

$1,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE SEALS	PRESIDENT	20.00	Officer Director	$0	$550	$550
LEE THOMPSON	1ST V PRESIDENT	10.00	Officer Director	$0	$0	$0
MCKAMEY DERREBERRY	2ND V PRESIDENT	10.00	Officer Director	$0	$0	$0
JIM BULL	TREASURER	10.00	Officer Director	$0	$0	$0
KENNY BROOKS	SECRETARY	10.00	Officer Director	$0	$0	$0
KELLI THOMPSON	DIRECTOR	5.00	Director	$0	$0	$0
CODY THOMPSON	DIRECTOR	10.00	Director	$0	$0	$0
BRIAN ANDERSON	DIRECTOR	5.00	Director	$0	$0	$0
EARL SEALS	DIRECTOR	15.00	Director	$0	$550	$550
DOUG LANE	DIRECTOR	5.00	Director	$0	$0	$0
DUSTIN HARVILLE	DIRECTOR	5.00	Director	$0	$0	$0
GREG LANE	DIRECTOR	5.00	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	$142,370	$103,267	$630,917	$39,103
2023	$144,056	$92,702	$591,628	$51,354
2022	$150,291	$100,323	$539,269	$49,968

CLAIBORNE COUNTY FAIR ASSOCIATION