THE PARK OF EAST TEXAS INC DBA EAST TEXAS STATE FAIR (EIN 750247290) - 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

1976

Legal Domicile

Principal Officer

CODY ROSENBALM

Phone

9032458263

Tax Period

2023-01-01 to 2023-12-31

THE PARK OF EAST TEXAS INC DBA EAST TEXAS STATE FAIR, founded in 1976, is a community nonprofit in the Recreation & Sports sector that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 60% operating margin.

Mission

THE PARK OF EAST TEXAS, INC (POET) OPERATES, MAINTAINS, AND SUPPORTS AN ANNUAL FAIR PRODUCED BY THE STAFF AND VOLUNTEERS OF THE PARK OF EAST TEXAS, INC. THE POET PROMOTES THE ADVANCEMENT OF EDUCATION THROUGH ESSAY CONTESTS, ART EXHIBITS AND DISPLAYS OF AGRICULTURAL AND HORTICULTURAL ADVANCEMENTS, AND TECHNIQUES AND OTHER SUBJECTS THAT ARE USFUL TO INDIVIDUALS AND BENEFICIAL TO THE COMMUNITY. THE PARK OF EAST TEXAS HAS ACQUIRED 240 ACRES WITH PLANS FOR A YEAR-ROUND MASTER PLANNED AREA WHICH INCLUDES EQUESTRIAN FACILITIES, EXHIBITION AND EXPO SPACE, MEETING ROOMS, OPEN DEMONSTRATION AND EDUCATIONAL SPACE, AN AMPHITHEATER, AN EVENTS CENTER, EQUESTRIAN AND PEDESTRIAN TRAILS AND A HOTEL. AN ENVIRONMENTALLY CONTROLLED, MULTI-PURPOSE ARENA IS PLANNED FOR PHASE 1 WITH PLANNED USAGE TO INCLUDE TRADE SHOWS, COMMENCEMENT PROGRAMS, CONVENTIONS, CONCERTS, HORSE SHOWS, CAR SHOWS, AND OTHER EVENTS LEFT TO THE IMAGINATION.

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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 $3,116

Program Service Revenue $3,847,655

Investment Income $33,143

Other Revenue $14,656

TOTAL REVENUE $3,898,570

Expense Breakdown

Grants Paid $10,550

Salaries & Benefits $632,825

Fundraising Expenses $0

Program Expenses $1,142,050

Other Expenses $918,571

TOTAL EXPENSES $1,561,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,898,570	$1,856,412	+1.1%
Expenses	$1,561,946	$1,580,510	0.0%
Net Income	$2,336,624	$275,902	+7.5%

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

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

$238,190

Total Directors

$238,190

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SYKES	CEO	40.00	Officer Director	$230,415	$7,775	$238,190
PRESTON SMITH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROY LILLY	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOE CAVENDER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANDREW ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
ANN FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
BEN JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
BOB BREEDLOVE	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY GARMON	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN IRWIN	DIRECTOR	1.00	Director	$0	$0	$0
BRYCE HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
CARTER GROOMS	DIRECTOR	1.00	Director	$0	$0	$0
CLARK HAMPE	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY LOGGINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DIAL	DIRECTOR	1.00	Director	$0	$0	$0
DERRITH BONDURANT	DIRECTOR	1.00	Director	$0	$0	$0
DREW BANKSTON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
GREG ADCOCK	DIRECTOR	1.00	Director	$0	$0	$0
JEB JONES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MICHAEL ROWLAND	DIRECTOR	1.00	Director	$0	$0	$0
JON MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JON ROWAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN FOWLER	DIRECTOR	1.00	Director	$0	$0	$0
SHELBIE GLOVER	DIRECTOR	1.00	Director	$0	$0	$0
KENT HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
KYLE WATTS	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY BAILES	DIRECTOR	1.00	Director	$0	$0	$0
LONNY UZZELL	DIRECTOR	1.00	Director	$0	$0	$0
MARK STRAWN	DIRECTOR	1.00	Director	$0	$0	$0
MARK UZZELL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STOLTZ	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK COOPER	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
ROY MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
TED CONOVER	DIRECTOR	1.00	Director	$0	$0	$0
STAN SURRATT	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	No data	No data	No data	No data
2023	$3,898,570	$1,561,946	$6,444,158	$2,336,624
2022	$1,856,412	$1,580,510	$4,090,713	$275,902
2021	$2,003,918	$1,403,648	$3,884,744	$600,270
2020	$139,970	$836,739	$2,994,784	$-696,769
2019	$1,788,337	$1,864,740	$3,390,784	$-76,403
2018	$1,462,177	$1,531,224	$3,271,593	$-69,047

THE PARK OF EAST TEXAS INC DBA EAST TEXAS STATE FAIR