ISLAND COUNTY FAIR ASSOCIATION (EIN 912079720) - Form 990 Financial Analysis & Trantor Score

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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

1923

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

ISLAND COUNTY FAIR ASSOCIATION, founded in 1923, is a small nonprofit in the Youth Development sector that reported $374K in total revenue in fiscal year 2023.

Mission

PREPARATION AND PLANNING FOR THE WHIDBEY ISLAND FAIR WHICH OCCURS EVERY JULY. THE ANNUAL ATTENDANCE IS APPROXIMATELY 18,000

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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 $112,985

Program Service Revenue $253,108

Investment Income $8,270

Other Revenue $-33

TOTAL REVENUE $374,330

Expense Breakdown

Grants Paid $1,150

Salaries & Benefits $88,468

Fundraising Expenses $0

Program Expenses $302,647

Other Expenses $290,545

TOTAL EXPENSES $380,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$374,330	N/A	N/A
Expenses	$380,391	N/A	N/A
Net Income	$-6,061	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN OLLIS-WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
ELISE GABELEIN	DIRECTOR	2.00	Director	$0	$0	$0
ESTELLA AUSTIN	DIRECTOR	2.00	Director	$0	$0	$0
NICHOLE BUCHANON	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON KALK	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAELS HASTINGS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VIRGINIA KECK	TREASURER	2.00	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	$374,330	$380,391	$506,291	$-6,061
2023	$395,382	$416,597	$359,083	$-21,215
2022	$511,741	$462,123	$322,272	$49,618
2021	$311,844	$188,604	$263,579	$123,240
2019	$301,209	$281,421	$170,901	$19,788
2018	$263,065	$247,464	$150,987	$15,601

ISLAND COUNTY FAIR ASSOCIATION