MONTEREY COUNTY FAIR HERITAGE FOUN… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

ANDY CLARKE

Phone

8315967368

Tax Period

2025-01-01 to 2025-12-31

MONTEREY COUNTY FAIR HERITAGE FOUNDATION, founded in 1994, is a micro nonprofit in the Human Services sector that reported $55K in total revenue in fiscal year 2025. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $351K exceeded revenue, resulting in a 541% operating deficit.

Mission

THE VISION OF THE MONTEREY COUNTY FAIR HERITAGE FOUNDATION IS TO ENSURE THE FUTURE OF THE MONTEREY COUNTY FAIR AND EVENT CENTER AS A VIBRANT AND DIVERSE COMMUNITY VENUE.

Program Service Accomplishments

Program 1

Expenses: $314,081 Revenue: $0

THE ORGANIZATION HELPS RAISE MONEY TO ASSIST THE MONTEREY COUNTY FAIR AND OTHER ACTIVITIES TO SHOWCASE THE TALENTS, ACHIEVEMENTS AND ACCOMPLISHMENTS OF THE COMMUNITY MEMBERS OF MONTEREY COUNTY...

THE ORGANIZATION HELPS RAISE MONEY TO ASSIST THE MONTEREY COUNTY FAIR AND OTHER ACTIVITIES TO SHOWCASE THE TALENTS, ACHIEVEMENTS AND ACCOMPLISHMENTS OF THE COMMUNITY MEMBERS OF MONTEREY COUNTY. ADDITIONALLY, THE ORGANIZATION ENVISIONS THEIR MISSION TO ASSIST THE MONTEREY COUNTY FAIR IN MAINTAINING AND IMPROVING THE CURRENT FACILITY TO FURTHER SERVICE THE NEEDS OF THE COMMUNITY, PARTICULARLY AS THE "CONVENTION/MEETING" FACILITY OF MONTEREY COUNTY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $109,045

Program Service Revenue $0

Investment Income $0

Other Revenue $-54,297

TOTAL REVENUE $54,748

Expense Breakdown

Grants Paid $272,376

Salaries & Benefits $0

Fundraising Expenses $17,014

Program Expenses $314,081

Other Expenses $78,447

TOTAL EXPENSES $350,823

Year-over-Year Comparison

	2025	2024	Change
Revenue	$54,748	$226,329	-0.8%
Expenses	$350,823	$55,754	+5.3%
Net Income	$-296,075	$170,575	-2.7%

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
NICOLE HOSTERT	PRESIDENT	2.00	Officer Director	$0	$0	$0
CATEY TRENNER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE HAYES	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDY CLARKE	TREASURER	2.00	Officer Director	$0	$0	$0
VINCE FERANTE	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW J WILLIAMS	DIRECTOR	2.00	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
2025	$54,748	$350,823	$532,977	$-296,075
2024	$226,329	$55,754	$830,803	$170,575
2023	$88,151	$51,916	$658,728	$36,235
2022	$74,864	$113,434	$623,743	$-38,570
2021	$89,293	$49,366	$663,063	$39,927
2020	$-20,271	$33,229	$625,403	$-53,500
2019	$655,220	$482,022	$682,721	$173,198
2018	$455,843	$318,923	$508,773	$136,920

MONTEREY COUNTY FAIR HERITAGE FOUNDATION