CULLMAN COUNTY FAIR ASSOCIATION

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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

1954

Legal Domicile

Principal Officer

CHARLIE CHILDERS

Phone

2569622453

Tax Period

2024-01-01 to 2024-12-31

CULLMAN COUNTY FAIR ASSOCIATION, founded in 1954, is a small nonprofit in the Recreation & Sports sector that reported $656K in total revenue in fiscal year 2024. The organization ran a surplus of $102K, a strong 16% operating margin.

Mission

THE FAIR, IN ASSOCIATION WITH THE CULLMAN LIONS AND LIONESSES, RAISES FUNDS TO ASSIST WITH SIGHT CONSERVATION, OPERATIONS, AND OTHER CULLMAN COUNTY CHARITIES.

Program Service Accomplishments

Program 1

Expenses: $548,868 Revenue: $642,319

THE FAIR, IN ASSOCIATION WITH THE CULLMAN LIONS AND LIONESSES, RAISES FUNDS TO ASSIST WITH SIGHT CONSERVATION, OPERATIONS, AND OTHER CULLMAN COUNTY CHARITIES.

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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 $642,319

Investment Income $6,119

Other Revenue $7,891

TOTAL REVENUE $656,329

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $30,720

Fundraising Expenses $0

Program Expenses $554,018

Other Expenses $517,298

TOTAL EXPENSES $554,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$656,329	$608,673	+0.1%
Expenses	$554,018	$506,907	+0.1%
Net Income	$102,311	$101,766	+0.0%

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

150

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
CHARLIE CHILDERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS ROBINSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CAREY THOMPSON	SECRETARY	2.00	Officer Director	$0	$0	$0
BARRY WILLINGHAM	TREASURER	2.00	Officer Director	$0	$0	$0
TIM SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
RANDY KRAFT	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS BERSE	DIRECTOR	2.00	Director	$0	$0	$0
STEVE MURPHREE	DIRECTOR	2.00	Director	$0	$0	$0
SAM ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
RILEY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
BRAD MITCHELL	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$656,329	$554,018	$1,292,929	$102,311
2023	$608,673	$506,907	$1,190,207	$101,766
2022	$584,856	$511,145	$1,088,429	$73,711
2021	$543,834	$451,897	$1,015,701	$91,937
2020	$343,537	$346,231	$923,066	$-2,694