SOCORRO COUNTY FAIR AND RODEO ASSOC

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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

2018

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SOCORRO COUNTY FAIR AND RODEO ASSOC, founded in 2018, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $487K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $417K left a modest 14% surplus.

Mission

SOCORRO COUNTY FAIR AND RODEO ASSOCIATION ORGANIZES AND MAINTAINS THE ANNUAL COUNTY FAIR WHICH SERVES THE SURROUNDING COMMUNITIES AND SUPPORTS 4-H AND FFA PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $278,277 Revenue: $287,152

Socorro County Fair & Rodeo Association maintains the Socorro County Fairgrounds and is responsible for putting on the Socorro County Fair and Rodeo each fall.Junior Livestock Sale promotes and...

Socorro County Fair & Rodeo Association maintains the Socorro County Fairgrounds and is responsible for putting on the Socorro County Fair and Rodeo each fall.Junior Livestock Sale promotes and encourages the agricultural education of our youth.

Program 2

Expenses: $78,003 Revenue: $55,580

Socorro County Fair & Rodeo Association maintains the Socorro County Fairgrounds and is responsible for putting on the Socorro County Fair and Rodeo each fall.Annual Rodeo is one of the main...

Socorro County Fair & Rodeo Association maintains the Socorro County Fairgrounds and is responsible for putting on the Socorro County Fair and Rodeo each fall.Annual Rodeo is one of the main activities of the organization and brings in revenue for the fair and surrounding 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68,251

Program Service Revenue $404,960

Investment Income $0

Other Revenue $13,657

TOTAL REVENUE $486,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $41,056

Program Expenses $356,280

Other Expenses $417,121

TOTAL EXPENSES $417,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$486,868	$409,767	+0.2%
Expenses	$417,121	$381,946	+0.1%
Net Income	$69,747	$27,821	+1.5%

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
BETHANY ROSALES	DIRECTOR	5.00	Director	$0	$0	$0
TOMMY ROSALES	DIRECTOR	5.00	Director	$0	$0	$0
JEFF FASSETT	VICE PRESIDENT	5.00	Officer	$0	$0	$0
NATHAN RITTER	PRESIDENT	20.00	Officer	$0	$0	$0
CALEB KERR	TREASURER	20.00	Officer	$0	$0	$0
HEATHER JUAREZ	SECRETARY	15.00	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	No data	No data	No data	No data
2023	$486,868	$417,121	$451,467	$69,747
2022	$409,767	$381,946	$111,858	$27,821
2021	$342,530	$283,266	$84,037	$59,264
2020	$164,724	$166,686	$24,773	$-1,962
2019	$243,461	$238,997	$26,735	$4,464
2018	$223,018	$200,747	$22,271	$22,271