WASHINGTON COUNTY FAIR ASSOC

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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

1941

Legal Domicile

Principal Officer

RICKY BOSSE

Phone

9798364112

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON COUNTY FAIR ASSOC, founded in 1941, is a community nonprofit in the Recreation & Sports sector that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EDUCATIONAL AND AGRICULTURAL ACTIVITIES FOR THE YOUTH AND PATRONS OF WASHINGTON AND SURROUNDING COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $4,324,398 Revenue: $4,195,988

PARTICIPATION OF YOUTH OF WASHINGTON COUNTY IN EDUCATION IN AGRICULTURAL FIELD--RAISING AND HANDLING OF FARM ANIMALS. SHOWMANSHIP OF ANIMALS, BAKING, CANNING AND CRAFT SKILLS.

Program 2

Expenses: $134,394 Revenue: $252,550

SCHOLARSHIPS TO HIGH SCHOOL SENIORS IN WASHINGTON COUNTY, TEXAS AS WELL AS SCHOLARSHIP MONEY TO LOCAL ORGANIZATIONS SPONSORING QUEEN CANDIDATES.

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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 $252,550

Program Service Revenue $4,341,754

Investment Income $47,506

Other Revenue $147,817

TOTAL REVENUE $4,789,627

Expense Breakdown

Grants Paid $134,394

Salaries & Benefits $158,255

Fundraising Expenses $0

Program Expenses $4,458,792

Other Expenses $4,377,207

TOTAL EXPENSES $4,669,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,789,627	$4,372,294	+0.1%
Expenses	$4,669,856	$4,184,430	+0.1%
Net Income	$119,771	$187,864	-0.4%

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

500

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
MICHAEL BENTKE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
RICKY BOSSE	PRESIDENT	5.00	Officer Director	$0	$0	$0
DOUGLAS BORCHARDT	TREASURER	5.00	Officer Director	$0	$0	$0
ROGER CHAMBERS	SECRETARY	5.00	Officer Director	$0	$0	$0
DONALD AHRENS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CONE	DIRECTOR	1.00	Director	$0	$0	$0
DEAN LUETGE	DIRECTOR	1.00	Director	$0	$0	$0
AL KUNKEL	DIRECTOR	1.00	Director	$0	$0	$0
ERWIN SANDER	DIRECTOR	1.00	Director	$0	$0	$0
RAY WEISS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WESTBROOK	DIRECTOR	1.00	Director	$0	$0	$0
ALAN WINKELMANN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WELLMANN	DIRECTOR	1.00	Director	$0	$0	$0
PAM ZWAHR	DIRECTOR	1.00	Director	$0	$0	$0
CABIN WARMKE	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
KEITH MIKOLAJCHAK	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
2024	$4,789,627	$4,669,856	$1,735,475	$119,771
2023	$4,372,294	$4,184,430	$1,621,759	$187,864
2022	$3,840,505	$3,561,815	$1,395,891	$278,690
2021	$3,262,876	$3,034,754	$1,247,052	$228,122
2020	$2,199,670	$2,248,135	$991,013	$-48,465