PANHANDLE SOUTH PLAINS FAIR ASSOCIATION (EIN 751093160) - 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

1927

Legal Domicile

Principal Officer

NORVAL POLLARD

Phone

8067632833

Tax Period

2023-12-01 to 2024-11-30

PANHANDLE SOUTH PLAINS FAIR ASSOCIATION, founded in 1927, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Expenses of $2.2M left a modest 3% surplus.

Mission

AGRICULTURAL FAIR AND EXPOSITION

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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 $0

Program Service Revenue $2,044,124

Investment Income $126,712

Other Revenue $90,504

TOTAL REVENUE $2,261,340

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $259,734

Fundraising Expenses $0

Other Expenses $1,920,717

TOTAL EXPENSES $2,182,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,261,340	$2,178,684	+0.0%
Expenses	$2,182,451	$1,992,310	+0.1%
Net Income	$78,889	$186,374	-0.6%

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

300

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

$96,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GRANFELDT	PRESIDENT	1.00	Officer Director	$0	$0	$0
NORVAL POLLARD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN ZWIACHER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
NICKY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ELLWOOD KEENEY	DIRECTOR	1.00	Director	$0	$0	$0
ALAN HENRY	DIRECTOR	1.00	Director	$0	$0	$0
GARY GREENSTREET	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WALLACE	GENERAL MANAGER	45.00	Officer	$96,734	$0	$96,734

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	$2,261,340	$2,182,451	$6,217,968	$78,889
2023	$2,178,684	$1,992,310	$6,401,737	$186,374
2022	$2,207,216	$1,951,008	$6,410,215	$256,208
2021	$2,087,500	$1,770,011	$6,574,924	$317,489
2020	$1,164,097	$1,681,736	$6,590,303	$-517,639
2019	$1,736,680	$2,041,790	$6,839,611	$-305,110
2018	$1,834,402	$1,725,596	$6,013,719	$108,806

PANHANDLE SOUTH PLAINS FAIR ASSOCIATION