SOLANO COUNTY FAIR ASSOCIATION (EIN 941328867) - 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

1946

Legal Domicile

Principal Officer

THOMAS KEANEY

Phone

7075512000

Tax Period

2023-01-01 to 2023-12-31

SOLANO COUNTY FAIR ASSOCIATION, founded in 1946, is a community nonprofit in the Recreation & Sports sector that reported $3.1M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

SOLANO COUNTY FAIR ASSOCIATION IS AN ORGANIZATION ESTABLISHED IN 1946 TO CONDUCT THE ANNUAL COUNTY FAIR AND OVERSEE OPERATIONS OF THE COUNTY FAIRGROUNDS PROPERTY. THE ASSOCIATION HAS BEEN PROVIDING EDUCATIONAL, CULTURAL, ARTISTIC, COMMERCIAL AND RECREATIONAL PROGRAMS TO THE RESIDENTS OF SOLANO COUNTY. THE MISSION IS TO ENSURE A POSITIVE EXPERIENCE FOR THE PUBLIC BY PROVIDING A YEAR ROUND VENUE THAT SHOWCASES AND CELEBRATES THE WIDE VARIETY OF RESOURCES AND ACTIVITIES AVAILABLE TO OUR DIVERSE 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 $82,443

Program Service Revenue $3,038,696

Investment Income $1,895

Other Revenue $0

TOTAL REVENUE $3,123,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,063,444

Fundraising Expenses $0

Program Expenses $3,564,643

Other Expenses $2,501,199

TOTAL EXPENSES $3,564,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,123,034	$3,980,704	-0.2%
Expenses	$3,564,643	$3,109,795	+0.1%
Net Income	$-441,609	$870,909	-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

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

$104,371

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN HALES	COO	40.00	Officer	$104,371	$0	$104,371
GEORGE KENNEDY	President	1.00	Officer Director	$0	$0	$0
NORMA PLACIDO	Vice President	1.00	Officer Director	$0	$0	$0
SHAWN SMITH	Treasurer	1.00	Officer Director	$0	$0	$0
LEE WILLIAMS	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF MOORHEAD	Director	1.00	Director	$0	$0	$0
RHONDA ROCHON SMITH	Director	1.00	Director	$0	$0	$0
MANUEL ANGEL	Director	1.00	Director	$0	$0	$0
JAMES BALLARD	Director	1.00	Director	$0	$0	$0
DEBORAH DICKSON	Director	1.00	Director	$0	$0	$0
JOE JOYCE	Director	1.00	Director	$0	$0	$0
CHRISTINE LOVE	Director	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,123,034	$3,564,643	$3,995,294	$-441,609
2022	$3,980,704	$3,109,795	$4,051,706	$870,909
2021	$5,027,208	$2,958,672	$3,212,783	$2,068,536
2020	$2,187,060	$2,039,421	$1,566,655	$147,639
2019	$2,986,086	$3,195,301	$1,218,665	$-209,215
2018	$2,830,168	$2,852,589	$1,622,639	$-22,421

SOLANO COUNTY FAIR ASSOCIATION