FOUR STATES FAIR ASSOCIATION INC (EIN 750939932) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

LISA GARNER

Phone

8707732941

Tax Period

2024-01-01 to 2024-12-31

FOUR STATES FAIR ASSOCIATION INC, founded in 1945, is a community nonprofit in the Recreation & Sports sector that reported $1.6M in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO BE A NATIONALLY RECOGNIZED ORGANIZATION THAT PROMOTES OUR AGRICULTURAL ECONOMY AND HERITAGE AND PROVIDES A WORLD-CLASS VENUE FOR EQUINE AND LIVESTOCK SHOWS, COMPETITIONS, AND EXHIBITIONS, WHILE ALSO PROVIDING THE FOUR STATES AREA WITH FAMILY ORIENTED ENTERTAINMENT AT A GREAT VALUE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $134,320

Program Service Revenue $1,339,414

Investment Income $20,716

Other Revenue $20,000

TOTAL REVENUE $1,514,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $549,968

Fundraising Expenses $0

Program Expenses $1,382,175

Other Expenses $1,143,254

TOTAL EXPENSES $1,693,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,514,450	$1,494,248	+0.0%
Expenses	$1,693,222	$1,610,751	+0.1%
Net Income	$-178,772	$-116,503	+0.5%

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

107

Volunteers

150

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

$74,810

Total Directors

$74,810

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA GARNER	DIRECTOR	40.00	Officer Director	$74,810	$0	$74,810
JAMES BRAMLETT	IMMEDIATE PA	N/A	Officer Director	$0	$0	$0
AARON CALVIT	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
BRAD CARLOW	CHAIRMAN	N/A	Officer Director	$0	$0	$0
JC COWART	DIRECTOR	N/A	Director	$0	$0	$0
LARRY COWLING	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY CURTIS	DIRECTOR	N/A	Director	$0	$0	$0
HOLLY FRANKLIN	DIRECTOR	N/A	Director	$0	$0	$0
ANDY FRANKS	DIRECTOR	N/A	Director	$0	$0	$0
SUMMER GERRALD	DRECTOR	N/A	Director	$0	$0	$0
JAY HICKEY	DIRECTOR	N/A	Director	$0	$0	$0
MIKE INGRAM	DIRECTOR	N/A	Director	$0	$0	$0
DARYL LIVINGSTON	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE MATTESON	DIRECTOR	N/A	Director	$0	$0	$0
MEGAN MCMAHEN	DIRECTOR	N/A	Director	$0	$0	$0
COLE MEADOR	CHAIRMAN ELE	N/A	Officer Director	$0	$0	$0
MICHAEL MEADOWS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN MOREL	DIRECTOR	N/A	Director	$0	$0	$0
ANNETTE MUGNO	SECRETARY-TR	N/A	Officer Director	$0	$0	$0
DONNIE SPRIGGS	DIRECTOR	N/A	Director	$0	$0	$0
DR MATT YOUNG	DIRECTOR	N/A	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	$1,514,450	$1,693,222	$4,143,641	$-178,772
2023	$1,494,248	$1,610,751	$4,339,114	$-116,503
2022	$1,379,310	$1,495,152	$4,456,886	$-115,842
2021	$1,680,169	$1,457,268	$4,598,098	$222,901
2020	$966,563	$1,321,430	$4,465,251	$-354,867
2019	$1,891,119	$1,833,942	$4,778,071	$57,177
2018	$1,586,669	$1,765,090	$4,678,259	$-178,421

FOUR STATES FAIR ASSOCIATION INC