GRIMES COUNTY FAIR ASSOCIATION (EIN 742107346) - 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

1956

Legal Domicile

Principal Officer

KELLEY BOHNERT

Phone

9366615557

Tax Period

2023-09-01 to 2024-08-31

GRIMES COUNTY FAIR ASSOCIATION, founded in 1956, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE PURPOSE OF THE ASSOCIATION SHALL BE THE ENCOURAGEMENT OF AGRICULTURE, HORTICULTURE, AND HOMEMAKING BY ASSOCIATIONS FOR THE MAINTENANCE OF PUBLIC FAIRS AND EXHIBITS OF STOCK AND FARM PRODUCTS IN GRIMES COUNTY, TEXAS, BY THE YOUTH OF GRIMES COUNTY, AND TO AWARD SCHOLARSHIPS TO THE YOUTH OF GRIMES COUNTY.

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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 $0

Program Service Revenue $934,838

Investment Income $10,402

Other Revenue $70,736

TOTAL REVENUE $1,015,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,120,252

Other Expenses $1,161,209

TOTAL EXPENSES $1,161,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,015,976	$1,128,451	-0.1%
Expenses	$1,161,209	$1,092,153	+0.1%
Net Income	$-145,233	$36,298	-5.0%

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

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
KELLEY BOHNERT	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERICK COMPIAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ASHLEY SKINNER	SECRETARY	1.00	Officer Director	$0	$0	$0
KARI LYNN EISENMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JONI LEONARD	SECRETARY	1.00	Officer Director	$0	$0	$0
KYLE BOSTICK	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
STAN STEPHENSON	BOARD MEMBER	1.00	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
2024	$1,015,976	$1,161,209	$1,348,909	$-145,233
2023	$1,128,451	$1,092,153	$1,494,142	$36,298
2022	$1,167,244	$996,296	$1,457,844	$170,948
2021	$1,090,257	$703,119	$1,286,895	$387,138
2020	$678,825	$609,768	$899,756	$69,057
2018	$869,078	$648,442	$728,512	$220,636

GRIMES COUNTY FAIR ASSOCIATION