LOS ANGELES COUNTY 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

1922

Legal Domicile

Principal Officer

STEVE BIRDWELL

Phone

9096233111

Tax Period

2023-01-01 to 2023-12-31

LOS ANGELES COUNTY FAIR ASSOCIATION, founded in 1922, is a mid-sized nonprofit that reported $69.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

THE LOS ANGELES COUNTY FAIR ENRICHES LIVES BY ENTERTAINING AND EDUCATING OUR DIVERSE COMMUNITY WHILE CREATING UNIQUE AND MEMORABLE EXPERIENCES.

Program Service Accomplishments

Program 1

YEAR-ROUND FAIR-TYPE EVENTS: LACFA RENTS ITS FACILITIES TO VARIOUS OUTSIDE PROMOTERS OF EVENTS WHICH INCLUDE EQUINE, HOME, CRAFT, MOTOR, ELECTRONIC, AND OTHER SHOWS. IN 2023, AS WE CONTINUED TO HEAD OUT OF THE PANDEMIC, WE SAW A NORMALCY RETURN TO OUR FAIRGROUNDS. EVEN THOUGH EVENTS RETURNED, THE NUMBER OF EVENTS HAVE NOT RETURNED TO PRE-PANDEMIC PERIODS.

Program 2

LOS ANGELES COUNTY FAIR: THE LOS ANGELES COUNTY FAIR IS ONE THE LARGEST COUNTY FAIRS IN THE UNITED STATES. ITS PURPOSE IS TO ADVANCE AND PROMOTE THE AGRICULTURAL, HORTICULTURAL,INDUSTRIAL AND OTHER INTERESTS OF THE LOS ANGELES COUNTY THROUGH THE EXHIBITION OF LIVESTOCK, POULTRY, DAIRY PRODUCTS, HOUSEHOLD AND FINE ARTS, AND SCHOOL AND EDUCATIONAL EXHIBITS. IN 2023, THE ANNUAL COUNTY FAIR CAME BACK FROM A 3 YEAR HIATUS , WITH THE EXCEPTION OF THE FAIR BEING IN MAY FOR THE 1ST TIME IN ITS 100 YEAR OF EXISTENCE. IN ITS 100 YEARS OF HISTORY, SEPTEMBER WAS THE MONTH THE FAIR WAS NORMALLY PUT ON.

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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 $0

Program Service Revenue $35,302,677

Investment Income $951,614

Other Revenue $33,115,928

TOTAL REVENUE $69,370,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,579,587

Fundraising Expenses $0

Other Expenses $52,953,335

TOTAL EXPENSES $70,532,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,370,219	$74,988,896	-0.1%
Expenses	$70,532,922	$65,013,539	+0.1%
Net Income	$-1,162,703	$9,975,357	-1.1%

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

547

Volunteers

220

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

$842,451

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEVORAH LIEBERMAN	DIRECTOR	2.00	Director	$0	$0	$0
HEIDI GALLEGOS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LANDHERR	CHAIR	2.00	Officer Director	$0	$0	$0
MIKE DRIEBE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LINDA BOSSERMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
GERALD FREENY	DIRECTOR	2.00	Director	$0	$0	$0
GILBERT IVEY	DIRECTOR	2.00	Director	$0	$0	$0
KIANA WEBB	DIRECTOR	2.00	Director	$0	$0	$0
CIRIACO Q PINEDO	DIRECTOR	2.00	Director	$0	$0	$0
HEIDI HANSON	CHAIR	2.00	Officer Director	$0	$0	$0
MARGARITA LUNA	DIRECTOR	2.00	Director	$0	$0	$0
PETER HIDALGO	DIRECTOR	2.00	Director	$0	$0	$0
TAMELA OMOTO FRIAS	DIRECTOR	2.00	Director	$0	$0	$0
LUPITA SANCHEZ-COREJO	DIRECTOR-ELECT	2.00	Director	$0	$0	$0
CIELO CASTRO	CHIEF OF STAFF	40.00	Officer	$118,208	$7,128	$125,336
STEVE BIRDWELL	CFO	40.00	Officer	$277,721	$16,747	$294,468
WALTER MARQUEZ	CEO/PRESIDENT	40.00	Officer	$412,000	$10,647	$422,647
BARRY GILLIES	DIRECTOR OF PROPERTY OPERA	40.00	Highest	$171,144	$21,667	$192,811
GENEVA MOODY	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$168,666	$10,212	$178,878
ROBERT VIRAMONTES	TLC	40.00	Highest	$175,000	$10,718	$185,718
MARCUS JACKSON	DIRECTOR OF SALES	40.00	Highest	$199,573	$19,132	$218,705
JUAN SOTO	ACCOUNTING	40.00	Highest	$146,058	$22,041	$168,099

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	$69,370,219	$70,532,922	$105,461,441	$-1,162,703
2022	$74,988,896	$65,013,539	$105,141,663	$9,975,357
2021	$57,689,315	$34,865,740	$119,881,793	$22,823,575
2020	$25,487,448	$34,493,482	$96,393,250	$-9,006,034
2019	$63,753,728	$70,071,753	$109,689,081	$-6,318,025
2018	$66,477,322	$67,713,659	$111,588,802	$-1,236,337