GARLAND CO FAIR & LIVESTOCK SHOW ASSOC (EIN 710567350) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

JOE TURNER

Tax Period

2023-01-01 to 2023-12-31

GARLAND CO FAIR & LIVESTOCK SHOW ASSOC, founded in 1989, is a small nonprofit in the Recreation & Sports sector that reported $285K in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year. Expenses of $592K exceeded revenue, resulting in a 108% operating deficit.

Mission

SPONSOR COUNTY EVENTS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,934

Program Service Revenue $461,573

Investment Income $58

Other Revenue $15,065

TOTAL REVENUE $479,630

Expense Breakdown

Grants Paid $3,111

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $522,660

Other Expenses $526,133

TOTAL EXPENSES $529,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$479,630	$434,572	+0.1%
Expenses	$529,244	$537,085	0.0%
Net Income	$-49,614	$-102,513	-0.5%

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

N/A

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
FAITH CASTLE	BOARD MEMBER	0.00	Director	$0	$0	$0
BLANT TILERY	BOARD MEMBER	0.00	Director	$0	$0	$0
MIKE FERNANDEZ	BOARD MEMBER	0.00	Director	$0	$0	$0
TODD TUCKER	BOARD MEMBER	0.00	Director	$0	$0	$0
JASON BRAZIEL	BOARD MEMBER	0.00	Director	$0	$0	$0
JOE TURNER	PRESIDENT	5.00	Officer	$0	$0	$0
CHRISTINA CLEMENT	SECRETARY	5.00	Officer	$0	$0	$0
KATRINA SCOTT	TREASURER	5.00	Officer	$0	$0	$0
GREG COWART	VICE PRESIDENT	5.00	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
2024	No data	No data	No data	No data
2023	$479,630	$529,244	$4,970,483	$-49,614
2022	$434,572	$537,085	$5,009,720	$-102,513
2021	$418,504	$602,707	$5,147,233	$-184,203
2020	$248,515	$525,230	$5,296,601	$-276,715
2019	$301,472	$586,017	$5,590,806	$-284,545
2018	$284,653	$591,827	$5,890,729	$-307,174

GARLAND CO FAIR & LIVESTOCK SHOW ASSOC