MADISON COUNTY FAIR ASSOCIATION (EIN 742399665) - 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

1981

Legal Domicile

Principal Officer

JILL ROUSE

Phone

2542477803

Tax Period

2023-09-01 to 2024-08-31

MADISON COUNTY FAIR ASSOCIATION, founded in 1981, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 6% surplus.

Mission

STUDENTS OF THE SCHOOLS IN MADISON COUNTY WERE INSTRUCTED IN RAISING AND/OR MAKING AND SHOWING LIVESTOCK, FOOD, CLOTHING, ART & SCIENCE PROJECTS. PROJECTS ARE SHOWN AND SOLD IN THE FAIR. PARTICIPANTS EXPERIENCE AND ACQUIRE SKILLS FIRST-HAND THAT WILL BE A FOUNDATION FOR THEIR FUTURE AND OUR COMMUNITY.

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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 $13,708

Program Service Revenue $1,127,286

Investment Income $1,663

Other Revenue $129,684

TOTAL REVENUE $1,272,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,111,618

Other Expenses $1,197,151

TOTAL EXPENSES $1,197,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,272,341	$1,118,571	+0.1%
Expenses	$1,197,151	$1,085,860	+0.1%
Net Income	$75,190	$32,711	+1.3%

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
JILL ROUSE	PRESIDENT	5.00	Officer Director	$0	$0	$0
TIM ARNOLD	DIRECTOR	0.00	Director	$0	$0	$0
CODY REGINI	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
THOMAS COLLARD	REPORTER	5.00	Officer Director	$0	$0	$0
JEREMY BRIDGES	DIRECTOR	0.00	Director	$0	$0	$0
JACOB DUKE	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL LAWLESS	DIRECTOR	0.00	Director	$0	$0	$0
KENDRA GILBERT	SECRETARY	5.00	Officer Director	$0	$0	$0
ANNETTE MEASELL	DIRECTOR	0.00	Director	$0	$0	$0
GW MILLS	DIRECTOR	0.00	Director	$0	$0	$0
KOBEY DAVIS	TREASURER	5.00	Officer Director	$0	$0	$0
AUBURN ROSE	DIRECTOR	0.00	Director	$0	$0	$0
ANNE NEWTON	DIRECTOR	0.00	Director	$0	$0	$0
CLINT WAKEFIELD	DIRECTOR	0.00	Director	$0	$0	$0
RONNY WOOTEN	DIRECTOR	0.00	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	$1,272,341	$1,197,151	$718,688	$75,190
2023	$1,118,571	$1,085,860	$670,957	$32,711
2022	$1,059,903	$1,010,835	$646,289	$49,068
2021	$894,370	$853,676	$480,185	$40,694
2020	$406,249	$438,701	$441,114	$-32,452

MADISON COUNTY FAIR ASSOCIATION