MARICOPA COUNTY FAIR INC

EIN: 860314911 501(c)(3) Recreation & Sports

PHOENIX, AZ

Total Revenue
$2,272,371
Total Expenses
$1,697,811
Total Assets
$3,732,930
Net Assets
$3,447,801
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
AZ
Principal Officer
SHANNON SCHULZ
Phone
6022520717
Tax Period
2023-10-01 to 2024-09-30

MARICOPA COUNTY FAIR INC, founded in 1976, is a community nonprofit in the Recreation & Sports sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $575K, a strong 25% operating margin.

Mission

PRODUCTION AND PRESENTATION OF MARICOPA COUNTY FAIR TO INSPIRE LEADERSHIP AND EDUCATION IN OUR YOUTH AND PROVIDE A VENUE TO SHOWCASE THEIR TALENTS AND TO CELEBRATE THE AGRICULTURAL HERITAGE OF OUR 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 (2023)

Revenue Breakdown

Contributions & Grants $637,827
Program Service Revenue $1,447,467
Investment Income $84,244
Other Revenue $102,833
TOTAL REVENUE $2,272,371

Expense Breakdown

Grants Paid $112,000
Salaries & Benefits $91,023
Fundraising Expenses $11,356
Program Expenses $1,319,431
Other Expenses $1,494,788
TOTAL EXPENSES $1,697,811

Year-over-Year Comparison

2023 2022 Change
Revenue $2,272,371 $1,890,826 +0.2%
Expenses $1,697,811 $1,525,371 +0.1%
Net Income $574,560 $365,455 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
5
Volunteers
100

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
5
$184,957
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL GROAT TREASURER 5.00
Officer Director
$0 $0 $0
JOHN HAGGARD MEMBER 5.00
Director
$0 $0 $0
KELLY SLADE MEMBER 5.00
Director
$0 $0 $0
KIM MELTON SECRETARY 5.00
Officer Director
$0 $0 $0
MARK BURT MEMBER 5.00
Director
$0 $0 $0
SHANNON SCHULZ PRESIDENT 5.00
Officer Director
$0 $0 $0
SHERRI SCHULZ PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
TYLER FARNSWORTH MEMBER 5.00
Director
$0 $0 $0
DAVID AUZA MEMBER 5.00
Director
$0 $0 $0
STEVE GOUCHER MEMBER 5.00
Director
$0 $0 $0
BILL KERR MEMBER 5.00
Director
$0 $0 $0
KACEY SCHULZ MEMBER 5.00
Director
$0 $0 $0
LORI LEWIS MEMBER 5.00
Director
$0 $0 $0
BRYAN GEIGER MEMBER 5.00
Director
$0 $0 $0
TRACY JOHNSON MEMBER (TERM BEGAN 9/18/24) 5.00
Director
$0 $0 $0
KAREN SEARLE EXECUTIVE DIRECTOR 40.00
Officer
$184,957 $0 $184,957
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 $2,272,371 $1,697,811 $3,732,930 $574,560
2023 $1,890,826 $1,525,371 $3,021,590 $365,455
2022 $1,873,183 $1,038,599 $2,347,359 $834,584
2021 $578,605 $376,770 $1,595,102 $201,835
2020 $393,797 $425,901 $1,445,680 $-32,104
2019 $1,160,317 $937,520 $1,402,115 $222,797
2018 $918,965 $934,761 $1,276,726 $-15,796
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