BROWN COUNTY FAIR ASSOCIATION

EIN: 751526814

BROWNWOOD, TX

Total Revenue
$735,530
Total Expenses
$666,934
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
TX
Principal Officer
GUY GLASSCOCK
Phone
3256423131
Tax Period
2018-09-01 to 2019-08-31

BROWN COUNTY FAIR ASSOCIATION, founded in 1965, is a small nonprofit that reported $736K in total revenue in fiscal year 2018. Expenses of $667K left a modest 9% surplus.

Mission

TO ENCOURAGE THE PARTICIPATION OF THE YOUTH OF BROWN COUNTY, TEXAS, IN AGRICULTURE THROUGH THE BREEDING, RAISING, AND EXHIBITION OF VARIOUS TYPES OF FARM AND RANCH ANIMALS; TO CONDUCT A FAIR TO ALLOW YOUNG PEOPLE TO EXHIBIT THEIR STOCK AND COMPETE FOR AWARDS; TO ENCOURAGE THE YOUTH OF BROWN COUNTY, TEXAS, IN THE LEARNING OF SKILLS USED IN ARTS AND CRAFTS, CLOTHING CONSTRUCTION, FOOD PREPARATION, AND TO ALLOW YOUNG PEOPLE TO EXHIBIT SAME AND COMPETE FOR AWARDS AT THE FAIR; AND TO PARTICIPATE IN AND ENGAGE IN SUCH PUBLIC ATTRACTIONS AND EVENTS AS SHALL BE NECESSARY TO ENSURE THE CONTINUED SUCCESS OF THE ORGANIZATION.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $31,455
Program Service Revenue $618,910
Investment Income $0
Other Revenue $85,165
TOTAL REVENUE $735,530

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $636,130
Other Expenses $666,934
TOTAL EXPENSES $666,934

Year-over-Year Comparison

2018 2017 Change
Revenue $735,530 $702,587 +0.0%
Expenses $666,934 $707,303 -0.1%
Net Income $68,596 $-4,716 -15.5%
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

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Governance

Voting Members
30
Independent Members
30
Employees
N/A
Volunteers
30

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
4
$0
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GUY GLASSCOCK President 10.00
Officer Director
$0 $0 $0
JARENE GAIL HUDSPETH Treasurer 10.00
Officer Director
$0 $0 $0
TERRY EDGAR Vice President 10.00
Officer Director
$0 $0 $0
CHANDA MOSELY Secretary 10.00
Officer Director
$0 $0 $0
JUAN CONSTANCIO Director 1.00
Director
$0 $0 $0
ANN CLASSCOCK Director 1.00
Director
$0 $0 $0
DAVID GOODWIN Director 1.00
Director
$0 $0 $0
FREDDY HABEKOTT Director 1.00
Director
$0 $0 $0
HARLAN HOHERTZ Director 1.00
Director
$0 $0 $0
KATY KUHL Director 1.00
Director
$0 $0 $0
CHAD LOCKER Director 1.00
Director
$0 $0 $0
JERRY PITTMAN Director 1.00
Director
$0 $0 $0
DANIEL PURCELL Director 1.00
Director
$0 $0 $0
BRYAN SENKIRIK Director 1.00
Director
$0 $0 $0
MELISSA BURNEY Director 1.00
Director
$0 $0 $0
JIMMIE DEEN Director 1.00
Director
$0 $0 $0
TRACEY SHUEY Director 1.00
Director
$0 $0 $0
PEYTON JOHNSON Director 1.00
Director
$0 $0 $0
JET FLORENCE Director 1.00
Director
$0 $0 $0
JAIME MARES Director 1.00
Director
$0 $0 $0
TERRI GARRETT Director 1.00
Director
$0 $0 $0
JULIE GRIBBLE Director 1.00
Director
$0 $0 $0
GRADY SHUEY Director 1.00
Director
$0 $0 $0
RUSSELL HEARD Director 1.00
Director
$0 $0 $0
VANESSA STEWART Director 1.00
Director
$0 $0 $0
BEN McINNIS Director 1.00
Director
$0 $0 $0
JIMMY TROWBRIDGE Director 1.00
Director
$0 $0 $0
DEAN LINDLEY Director 1.00
Director
$0 $0 $0
BRENT MOSELEY Director 1.00
Director
$0 $0 $0
AMBER VARNER 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
2019 $735,530 $666,934 No data $68,596
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