CENTRAL WASHINGTON FAIR ASSOCIATION

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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

1939

Legal Domicile

Principal Officer

KATHLEEN M KRAMER

Phone

5092487160

Tax Period

2024-01-01 to 2024-12-31

CENTRAL WASHINGTON FAIR ASSOCIATION, founded in 1939, is a community nonprofit in the Recreation & Sports sector that reported $6.2M in total revenue in fiscal year 2024. Expenses of $5.6M left a modest 10% surplus.

Mission

PRODUCE AN ANNUAL AGRICULTURAL FAIR AND DEVELOP YEAR-AROUND USE OF FACILITIES. (SEE SCHEDULE O)WITH A COMMITMENT TO:- PRESERVE AND DEVELOP OUR HISTORIC GROUNDS AND YEAR-ROUND MULTI-USE FACILITIES; - OFFER QUALITY AND DIVERSITY OF ENTERTAINMENT, SPORTS, AND EDUCATION; - PROVIDE A SAFE, FRIENDLY, AND ENJOYABLE ENVIRONMENT; - ACKNOWLEDGE THE INVOLVEMENT OF DEDICATED PEOPLE AND GROUPS; - BUILD ON THE TRADITION OF OUR FIRST 100 YEARS FOR FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,390,642 Revenue: $4,020,071

PRODUCE AN ANNUAL AGRICULTURAL FAIR AND DEVELOP YEAR-AROUND USE OF FACILITIES. WITH A COMMITMENT TO:PRESERVE AND DEVELOP OUR HISTORIC GROUNDS AND YEAR-ROUND MULTI-USE FACILITIES; OFFER QUALITY AND...

PRODUCE AN ANNUAL AGRICULTURAL FAIR AND DEVELOP YEAR-AROUND USE OF FACILITIES. WITH A COMMITMENT TO:PRESERVE AND DEVELOP OUR HISTORIC GROUNDS AND YEAR-ROUND MULTI-USE FACILITIES; OFFER QUALITY AND DIVERSITY OF ENTERTAINMENT, SPORTS, AND EDUCATION; PROVIDE A SAFE, FRIENDLY, AND ENJOYABLE ENVIRONMENT; ACKNOWLEDGE THE INVOLVEMENT OF DEDICATED PEOPLE AND GROUPS; BUILD ON THE TRADITION OF OUR FIRST 100 YEARS FOR FUTURE GENERATIONS.

Program 2

Expenses: $977,545 Revenue: $1,015,967

THE YAKIMA VALLEY SUNDOME WHICH HAVE A MAJOR ECONOMIC IMPACT FOR THE YAKIMA VALLEY. SUNDOME EVENTS INCLUDE CONCERTS, TRADESHOWS, WASHINGTON STATE INTERSCHOLASTIC ACTIVITIES ASSOCIATION STATE...

THE YAKIMA VALLEY SUNDOME WHICH HAVE A MAJOR ECONOMIC IMPACT FOR THE YAKIMA VALLEY. SUNDOME EVENTS INCLUDE CONCERTS, TRADESHOWS, WASHINGTON STATE INTERSCHOLASTIC ACTIVITIES ASSOCIATION STATE CHAMPIONSHIP GAMES AND COMPETITIONS, PROFESSIONAL RODEOS, LOCAL GRADUATIONS, AND LARGE GALA DINNERS.

Program 3

Expenses: $794,926 Revenue: $858,344

INTERIM EVENTS-NON SUNDOME & OTHER ACTIVITIES INCLUDE AREAS SUCH AS THE YAKIMA COUNTY STADIUM, THE MODERN LIVING BUILDING, PIONEER HALL, THE DIRT TRACK, AND THE STATE FAIR ROOM. OTHER ACTIVITIES ALSO INCLUDED OUR ANNUAL HOLIDAY LIGHT FEST AND OUR ANNUAL COMMUNITY 4TH OF JULY CELEBRATION. THE UNIQUE CHARACTERISTICS OF THE MANY HISTORICAL BUILDINGS AT STATE FAIR PARK HELP CREATE MEMORABLE EVENTS YEAR-ROUND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $84,516

Program Service Revenue $5,894,382

Investment Income $167,704

Other Revenue $41,011

TOTAL REVENUE $6,187,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,155,117

Fundraising Expenses $0

Program Expenses $4,163,113

Other Expenses $3,399,016

TOTAL EXPENSES $5,554,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,187,613	$5,871,840	+0.1%
Expenses	$5,554,133	$5,320,864	+0.0%
Net Income	$633,480	$550,976	+0.1%

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

295

Volunteers

1876

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

$241,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAVONNE ORTH	CHAIR	5.00	Officer Director	$0	$0	$0
IGNACIO MARQUEZ	VICE CHAIR	5.00	Officer Director	$0	$0	$0
VICKI BAKER	SECRETARY	5.00	Officer Director	$0	$0	$0
SCOTT WAGNER	TREASURER	5.00	Officer Director	$0	$0	$0
TOM STOKES	DIRECTOR	5.00	Director	$0	$0	$0
HALLEY NEWHOUSE	DIRECTOR	5.00	Director	$0	$0	$0
OSCAR ZAPIEN	DIRECTOR	5.00	Director	$0	$0	$0
DON WHITEHOUSE	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS CORRY	DIRECTOR	5.00	Director	$0	$0	$0
ADAM DOLSEN	DIRECTOR	5.00	Director	$0	$0	$0
KATHLEEN M KRAMER	PRESIDENT/CEO	40.00	Officer	$225,185	$16,519	$241,704

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	$6,187,613	$5,554,133	$7,472,241	$633,480
2023	$5,871,840	$5,320,864	$6,863,662	$550,976
2022	$6,535,206	$5,567,890	$6,553,430	$967,316
2021	$6,100,925	$4,412,230	$5,361,375	$1,688,695
2021	$6,079,435	$4,416,390	$5,335,725	$1,663,045
2020	$1,443,201	$2,234,164	$3,891,568	$-790,963
2019	$4,923,748	$5,484,791	$4,673,760	$-561,043
2018	$5,824,020	$5,594,855	$5,324,612	$229,165