Hot Spring County Livestock Exhibition & Fair Association
Nonprofit profile at a glance
- EIN
- 462872035
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Malvern, AR, USA
- Phone
- 5017869308
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nonprofit Management
Reported finances
- Revenue
- $129,186
- Expenses
- $126,305
- Assets
- $233,735
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JOHN BLAKE RIGGAN (PRESIDENT)
People named in this filing
- ASA CHAPMAN (TREASURER)
- MEKINZIE CLIFT (SECRETARY)
- ALLISON CRANGLE (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary activity is the planning, managing and operating of the annual county fair and management of the fairgrounds, which encompasses several buildings and approximately 17 acres in hot spring county, Arkansas. Other various activities will be scheduled and held on the fairgrounds throughout the year to promote the fair and bring attention to the kids who participate in the fair. It is hoped that with increased activity at the fairground, other youth not associated with the fair will take notice and choose to participate. The association's intention is to give the youth of hot spring county healthy and entertaining options for ways to spend their free time to discourage bad behavior and juvenile delinquency.
What it reported doing in 2024
The organization holds the annual county fair, which included the exhibition of livestock by area youth. The organization also maintained the buildings and grounds throughout the calendar year and other events that benefited the area youth.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 45
- Sustainability: 55
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.3%; rating input score 96
- Program expense ratio: 98.5%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 18th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.2%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 1.85; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 11.7% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 10.8% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: -0.1% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 96.3% of revenue deployed · 98.5% of spending went to programs
- Governance: 8 of 12 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $124K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 45/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.