FANNIN COUNTY MULT-PURPOSE COMPLEX INC

EIN: 752896551 501(c)(3)

Bonham, TX

Total Revenue
$100,843
Total Expenses
$154,255
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
2001
Legal Domicile
TX
Phone
9032279020
Tax Period
2024-01-01 to 2024-12-31

FANNIN COUNTY MULT-PURPOSE COMPLEX INC, founded in 2001, is a small nonprofit that reported $101K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $154K exceeded revenue, resulting in a 53% operating deficit.

Mission

The Multipurpose complex is the site of the Fannin County Fair which benefits many of the citizens of Fannin County and provides many educational benefits to the students of Fannin County schools who participate in livestock shows and other educational activities. The facility hosts multiple FFA and Agri-life events that draw school kids and adults. The facility also hosts multiple non-profit entities for banquets and fundraisers each year. The facility also hosts programs for local soccer clubs fitness clubs and sports club in the area each year at no cost to the participants. Many of our events are hosted at no charge to the participants provided they are attended by a cross section of the community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $75,837
Investment Income $25,006
Other Revenue $0
TOTAL REVENUE $100,843

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,520
Fundraising Expenses $0
Program Expenses $154,255
Other Expenses $128,735
TOTAL EXPENSES $154,255

Year-over-Year Comparison

2024 2023 Change
Revenue $100,843 $174,992 -0.4%
Expenses $154,255 $244,684 -0.4%
Net Income $-53,412 $-69,692 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
10

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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Burnett Treasurer and Presiding Officer 0.50
Officer Director
$0 $0 $0
Tom Turner Director 0.50
Director
$0 $0 $0
Chad Burnett Director 0.50
Director
$0 $0 $0
Joe Ward Director 0.50
Director
$0 $0 $0
Joe Moss Director 0.50
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 $100,843 $154,255 No data $-53,412
2023 $174,992 $244,684 $985,046 $-69,692
2022 $209,643 $247,104 $1,017,026 $-37,461
2021 $141,125 $206,207 $1,102,577 $-65,082
2021 $141,125 $206,207 $1,102,577 $-65,082
2020 $127,190 $176,822 $1,128,799 $-49,632
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