NORTH ALABAMA STATE FAIR INC

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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

DAVID ISOM

Phone

2563833247

Tax Period

2024-06-01 to 2025-05-31

NORTH ALABAMA STATE FAIR INC, founded in 1935, is a small nonprofit that reported $271K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $430K exceeded revenue, resulting in a 59% operating deficit.

Mission

PROVIDE THE NORTH ALABAMA COMMUNITY A MEDIUM FOR EXHIBITION AND COMPETITION OF FARM, HOUSEHOLD, AND MANUFACTURED PRODUCTS, AS WELL AS EDUCATIONAL DISPLAYS AND ENTERTAINMENT.

Program Service Accomplishments

Program 1

Expenses: $429,892

PROVIDE THE NORTH ALABAMA COMMUNITY A MEDIUM FOR EXHIBITION AND COMPETITION OF FARM, HOUSEHOLD, AND MANUFACTURED PRODUCTS, AS WELL AS EDUCATIONAL DISPLAYS AND ENTERTAINMENT.

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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 $0

Program Service Revenue $250,084

Investment Income $20,513

Other Revenue $0

TOTAL REVENUE $270,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,365

Fundraising Expenses $0

Program Expenses $429,892

Other Expenses $352,527

TOTAL EXPENSES $429,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$270,597	$490,451	-0.4%
Expenses	$429,892	$401,082	+0.1%
Net Income	$-159,295	$89,369	-2.8%

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

N/A

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
ROGER CREEKMORE	2ND VICE PRE	N/A	Director	$0	$0	$0
JAMES BUCK HARDIN	GROUNDSKEEPE	N/A	Director	$0	$0	$0
WAYLON HUGHLEY	ASSOCIATE	N/A	Director	$0	$0	$0
WESLEY LASH	ASSOCIATE	N/A	Director	$0	$0	$0
ROB TYREE	ASSOCIATE	N/A	Director	$0	$0	$0
J C BERGIN	SECRETARY	N/A	Officer	$0	$0	$0
BRIAN HALL	1ST VICE PRE	N/A	Officer	$0	$0	$0
DAVID ISOM	PRESIDENT	N/A	Officer	$0	$0	$0
ROBERT LASH	DIRECTOR	N/A	Officer	$0	$0	$0
KEN PATTERSON	TREASURER	N/A	Officer	$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
2025	$270,597	$429,892	$694,481	$-159,295
2024	$490,451	$401,082	$852,093	$89,369
2023	$419,997	$362,201	$767,011	$57,796
2022	$332,602	$255,982	$713,900	$76,620
2021	$109,231	$131,137	$634,605	$-21,906
2020	$332,282	$316,242	$668,659	$16,040
2019	$354,489	$325,539	$641,397	$28,950