POLK COUNTY FAIR & RODEO ASSOCIATION (EIN 753196777) - 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

2005

Legal Domicile

Phone

4792436212

Tax Period

2024-01-01 to 2024-12-31

POLK COUNTY FAIR & RODEO ASSOCIATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $243K in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. Expenses of $274K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROMOTING AN ANNUAL COUNTY FAIR AND RODEO

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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 $18,241

Program Service Revenue $310,594

Investment Income $0

Other Revenue $13,667

TOTAL REVENUE $342,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $363,094

Other Expenses $363,829

TOTAL EXPENSES $363,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,502	$337,310	+0.0%
Expenses	$363,829	$380,363	0.0%
Net Income	$-21,327	$-43,053	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL EDWARDS	MEMBER	1.00	Director	$0	$0	$0
JOSHUA HENNINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM MILLER	PRESIDENT	1.00	Officer	$0	$0	$0
STEVE SINGLETON	FIRST VICE PRESIDENT	1.00	Officer	$0	$0	$0
CAROLINE SINGLETON	SECOND VICE PRESIDENT	1.00	Officer	$0	$0	$0
SHELBY SULLIVAN	THIRD VICE PRESIDENT	1.00	Officer	$0	$0	$0
EMIKO HENNINGS	SECRETARY	1.00	Officer	$0	$0	$0
PHYLLIS CALDWELL	TREASURER	5.00	Officer	$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	$342,502	$363,829	$474,927	$-21,327
2023	$337,310	$380,363	$516,287	$-43,053
2022	$297,285	$309,131	$536,190	$-11,846
2021	$260,417	$246,431	$446,962	$13,986
2020	$152,835	$202,747	$455,004	$-49,912
2019	$263,320	$275,719	$504,916	$-12,399
2018	$242,593	$273,841	$537,939	$-31,248

POLK COUNTY FAIR & RODEO ASSOCIATION