GALVESTON COUNTY FAIR & RODEO INC

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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

1962

Legal Domicile

Principal Officer

EBBIE THURMOND III

Phone

4099866010

Tax Period

2022-07-01 to 2023-06-30

GALVESTON COUNTY FAIR & RODEO INC, founded in 1962, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.5M left a modest 3% surplus.

Mission

TO SERVE THE YOUTH OF GALVESTON COUNTY BY PROMOTING YOUTH, EDUCATION AND AGRICULTURE BY SUPPORTING. 4-H AND FFA PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $2,333,228

GALVESTON COUNTY FAIR & RODEO PROMOTES 4-H/FFA AND RELATED ACTIVITIES BY CONDUCTING WORKSHOPS AND CLINICS THROUGHOUT THE YEAR, BY PROMOTING AN ANNUAL RODEO AND COUNTY FAIR, BY AUCTIONING LIVESTOCK...

GALVESTON COUNTY FAIR & RODEO PROMOTES 4-H/FFA AND RELATED ACTIVITIES BY CONDUCTING WORKSHOPS AND CLINICS THROUGHOUT THE YEAR, BY PROMOTING AN ANNUAL RODEO AND COUNTY FAIR, BY AUCTIONING LIVESTOCK RAISED BY STUDENTS, BY AWARDING SCHOLARSIPS TO STUDENTS, BY SPONSORING A "SPECIAL KIS DAY" EVENT FOR SPECIAL NEEDS CHILDREN AND BY SPONSORING A "SCHOOLS DAY" EVENT

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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 (2022)

Revenue Breakdown

Contributions & Grants $137,255

Program Service Revenue $2,359,075

Investment Income $111

Other Revenue $73,002

TOTAL REVENUE $2,569,443

Expense Breakdown

Grants Paid $77,676

Salaries & Benefits $50,804

Fundraising Expenses $0

Program Expenses $2,333,228

Other Expenses $2,353,576

TOTAL EXPENSES $2,482,056

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,569,443	$2,321,041	+0.1%
Expenses	$2,482,056	$2,040,539	+0.2%
Net Income	$87,387	$280,502	-0.7%

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

422

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
EBBIE THURMOND III	President	15.00	Officer Director	$0	$0	$0
ALBERT RAMIREZ	Director	5.00	Director	$0	$0	$0
FORREST DILLION	SECT	15.00	Officer Director	$0	$0	$0
ANTHONY CAPPADONA	Director	5.00	Director	$0	$0	$0
BRAD DILLON	Director	5.00	Director	$0	$0	$0
WADE HUNT JR	Director	5.00	Director	$0	$0	$0
TRAVIS BERGH	Treasurer	15.00	Officer Director	$0	$0	$0
JAMES MENOTTI	Vice President	15.00	Officer Director	$0	$0	$0
DAN MOORE	Director	5.00	Director	$0	$0	$0
RUSTY NORMAN	Director	5.00	Director	$0	$0	$0
TIM PANTALION	Director	5.00	Director	$0	$0	$0
JACK BEARD	Director	5.00	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	No data	No data	No data	No data
2023	$2,569,443	$2,482,056	$1,708,735	$87,387
2022	$2,321,041	$2,038,791	$1,539,503	$282,250
2021	$1,458,387	$1,423,898	$1,247,714	$34,489
2020	$578,650	$805,012	$1,277,242	$-226,362
2019	$1,972,743	$1,955,892	$1,340,983	$16,851
2018	$1,970,068	$1,905,551	$1,382,674	$64,517