WALLER 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

1945

Legal Domicile

Principal Officer

BOBBY COURSEY 1 INDIVID

Phone

9798262825

Tax Period

2024-01-01 to 2024-12-31

WALLER COUNTY FAIR ASSOCIATION, founded in 1945, is a community nonprofit in the Recreation & Sports sector that reported $4.1M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AGRICULTURAL RELATED EDUCATION AND COLLEGE SCHOLARSHIPS FOR THE YOUTH OF WALLER COUNTY, TEXAS.

Program Service Accomplishments

Program 1

Expenses: $3,466,205 Revenue: $4,085,997

THE ASSOCIATION PROVIDED FOR EDUCATIONAL PROGRAMS AND COLLEGE FUNDING FOR LOCAL AREA STUDENTS.

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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 $751

Program Service Revenue $3,951,677

Investment Income $2,095

Other Revenue $132,225

TOTAL REVENUE $4,086,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,142

Fundraising Expenses $0

Program Expenses $3,466,205

Other Expenses $4,138,534

TOTAL EXPENSES $4,162,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,086,748	$5,815,049	-0.3%
Expenses	$4,162,676	$3,400,487	+0.2%
Net Income	$-75,928	$2,414,562	-1.0%

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

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	Role	Reportable Comp	Other Comp	Total
SAMANTHA WANT	DIRECTOR AT LARGE	Director	$0	$0	$0
DAVID GITILITZ	2ND VICE PRESIDENT	Director	$0	$0	$0
JESSICA BORGSTEDT	DIRECTOR AT LARGE	Director	$0	$0	$0
STEPHANIE WHALEY	DIRECTOR AT LARGE	Director	$0	$0	$0
JUSTIN PERSHALL	PARLIAMENTARIAN	Officer Director	$0	$0	$0
CANNON NEEL	1ST VICE PRESIDENT	Officer Director	$0	$0	$0
SHERRY ROESNER	SECRETARY	Officer Director	$0	$0	$0
BOBBY COURSEY	PRESIDENT	Officer	$0	$0	$0
HARRY LEACH	TREASURER	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	$4,086,748	$4,162,676	$7,801,092	$-75,928
2023	$5,815,049	$3,400,487	$7,512,025	$2,414,562
2022	$4,038,440	$3,251,789	$3,958,965	$786,651
2021	$3,290,806	$2,757,099	$2,847,770	$533,707
2020	$1,946,784	$1,991,591	$2,418,005	$-44,807
2019	$2,062,281	$2,190,858	$2,339,210	$-128,577
2018	$2,649,251	$2,298,922	$1,772,405	$350,329