Waller County Fair Association (EIN 741481196) - 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

1945

Legal Domicile

Principal Officer

Bobby Coursey 1 Individ

Tax Period

2023-01-01 to 2023-12-31

Waller County Fair Association, founded in 1945, is a community nonprofit in the Recreation & Sports sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 42% operating margin.

Mission

The organizations mission is to provide agricultural related education and college scholarships for the youth of Waller County, Texas

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,700

Program Service Revenue $4,001,005

Investment Income $2,247

Other Revenue $1,807,097

TOTAL REVENUE $5,815,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,944

Fundraising Expenses $0

Program Expenses $3,162,785

Other Expenses $3,367,543

TOTAL EXPENSES $3,400,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,815,049	$4,038,440	+0.4%
Expenses	$3,400,487	$3,251,789	+0.0%
Net Income	$2,414,562	$786,651	+2.1%

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
Gitilitz David	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 Pice 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
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

Waller County Fair Association