HOWARD COUNTY FAIR ASSOCIATION (EIN 742124386) - 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

1980

Legal Domicile

Phone

4322130484

Tax Period

2024-11-01 to 2025-10-31

HOWARD COUNTY FAIR ASSOCIATION, founded in 1980, is a small nonprofit that reported $735K in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $538K, a strong 73% operating margin.

Mission

PROVIDE AN EXHIBITION OF VARIOUS AGRICULTURAL PRODUCTS, ART WORK AND HOMEMAKING SKILLS.

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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 $245,900

Program Service Revenue $374,408

Investment Income $34,463

Other Revenue $80,208

TOTAL REVENUE $734,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $196,938

Other Expenses $196,938

TOTAL EXPENSES $196,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$734,979	$336,560	+1.2%
Expenses	$196,938	$152,429	+0.3%
Net Income	$538,041	$184,131	+1.9%

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
COLIN MCMILLAN	Director	1.00	Director	$0	$0	$0
JOHN PAUL NICHOLS	Vice President	1.00	Officer Director	$0	$0	$0
BRENT WRIGHT	Director	1.00	Director	$0	$0	$0
JASON BECK	Treasurer	1.00	Officer Director	$0	$0	$0
SANDY STEWART	Secretary	1.00	Officer Director	$0	$0	$0
DONNA WRIGHT	Director	1.00	Director	$0	$0	$0
ERIC BARBER	Director	1.00	Director	$0	$0	$0
DEREK WASH	President	1.00	Officer Director	$0	$0	$0
CASH BERRY	Director	1.00	Director	$0	$0	$0
TODD BRYANS	Director	1.00	Director	$0	$0	$0
JEFFREY WARD	Director	1.00	Director	$0	$0	$0
JANEICE BARNES	Director	1.00	Director	$0	$0	$0
SHELBY CERVANTES	Director	1.00	Director	$0	$0	$0
LANA CHANDLER	Director	1.00	Director	$0	$0	$0
TERESA KILPATRICK	Director	1.00	Director	$0	$0	$0
MATT EUBANKS	Director	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
2025	$734,979	$196,938	$2,916,271	$538,041
2024	$336,560	$152,429	$2,378,979	$184,131
2023	$505,703	$134,328	$2,194,848	$371,375
2023	$505,703	$134,328	$2,194,848	$371,375
2022	$659,214	$108,288	$1,772,546	$550,926
2021	$195,027	$89,560	$1,221,398	$105,467
2020	$251,142	$9,419	$1,115,729	$241,723
2019	$327,260	$117,753	$873,814	$209,507
2018	$124,262	$73,163	$663,087	$51,099

HOWARD COUNTY FAIR ASSOCIATION