Kentucky Association of Fairs and Horse Shows

Nonprofit profile at a glance

EIN
611103757
IRS 990-EZ coverage
2009–2018
Forms available
Form 990-EZ 2018
Location
Somerset, KY, USA
Phone
6068723247
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Equestrian

Reported finances

Revenue
$61,883
Expenses
$43,004
Assets
$180,737

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • Jimmy England (President)
  • Alvin Smith (President Elect)
  • Paula Hatfield (Past President)

People named in this filing

  • Gib Gosser (Sec/Treasurer)
  • Jimmy England (President)
  • Jonathan True (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote awareness of Kentucky agricultural and equine activities related to fairs.

What it reported doing in 2018

County & State fair programs to perpetuate 4-H, FFA, personal growth and agricultural activities related to fairs.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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 - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 82
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.4%; rating input score 44
  • Program expense ratio: 63.8%; rating input score 64

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 30.5%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 4.2; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 34.9%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 5.5% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 2.4% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 0.2% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 44.4% of revenue deployed · 63.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $27K in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 filing years from 2009 to 2018
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.