SEVIER COUNTY FAIR ASSOCIATION (EIN 621474877) - 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

1935

Legal Domicile

Principal Officer

LON THORNTON

Phone

8654530770

Tax Period

2024-01-01 to 2024-12-31

SEVIER COUNTY FAIR ASSOCIATION, founded in 1935, is a small nonprofit in the Arts, Culture & Humanities sector that reported $248K in total revenue in fiscal year 2024. Expenses of $290K exceeded revenue, resulting in a 17% operating deficit.

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 $20,000

Program Service Revenue $226,939

Investment Income $781

Other Revenue $0

TOTAL REVENUE $247,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,215

Fundraising Expenses $0

Program Expenses $290,249

Other Expenses $229,034

TOTAL EXPENSES $290,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$247,720	$245,955	+0.0%
Expenses	$290,249	$250,660	+0.2%
Net Income	$-42,529	$-4,705	+8.0%

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
LON THORNTON	PRESIDENT	1	Officer	$0	$0	$0
LEROY HELTON	VICE PRESIDENT	1	Officer	$0	$0	$0
ADAM HOPKINS	DIRECTOR	1	Director	$0	$0	$0
JONAS SMELCER	DIRECTOR	1	Director	$0	$0	$0
KAYSIE ADKINS	DIRECTOR	1	Director	$0	$0	$0
SHERRI GIBSON	DIRECTOR	1	Director	$0	$0	$0
MICHAEL HODGES	DIRECTOR	1	Director	$0	$0	$0
LARRY WATERS	DIRECTOR	1	Director	$0	$0	$0
ALLEN NEWTON	DIRECTOR	1	Director	$0	$0	$0
JAMES KING	DIRECTOR	1	Director	$0	$0	$0
ROGER RADEL	DIRECTOR	1	Director	$0	$0	$0
MIKE HILLARD	DIRECTOR	1	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	$247,720	$290,249	$51,335	$-42,529
2023	$245,955	$250,660	$93,864	$-4,705
2022	$255,067	$267,532	$98,569	$-12,465
2021	$218,816	$203,154	$111,034	$15,662
2020	$227,069	$182,194	$95,373	$44,875

SEVIER COUNTY FAIR ASSOCIATION