Medina County Fair Association Inc

Nonprofit profile at a glance

EIN: 742073393
IRS 990-EZ coverage: 2010–2019
Forms available: Form 990-EZ 2019
Location: Hondo, TX, USA
Rating: 88
Verdict: STRONG
Rating confidence: Moderate

Reported finances

Revenue: $141,670
Expenses: $135,567
Assets: $96,216
Liabilities: $19,729

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

ROBERT WATKINS (PRESIDENT)

People named in this filing

ROBERT WATKINS (PRESIDENT)
ROBERT TSCHIRHART (TREASURER)
LAURIE HENEFY (SECRETARY)

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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o

What it reported doing in 2019

County fair consisting of youth livestock shows, livestock exhibits, agriculture crop shows, home arts & crafts and other rural farm products

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 87
Transparency & Controls: 100
Sustainability: 46
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 85.5%; rating input score 86
Program expense ratio: 89.4%; rating input score 89

Transparency & Controls

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

Sustainability

Operating margin: 4.3%; rating input score 45; 45th percentile among comparable filings
Total-asset coverage ratio: 0.71; rating input score 49; 49th percentile among comparable filings
Liabilities to assets ratio: 0.21; rating input score 23; 23rd percentile among comparable filings
Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

Program expense growth: 2.4% per year; rating input score 100; 41st percentile among comparable filings
Revenue growth: -3% per year; rating input score 0; 15th percentile among comparable filings
Asset growth: -8.7% per year; rating input score 0; 13th percentile among comparable filings

Details

Where the money goes: 85.5% of revenue deployed · 89.4% of spending went to programs
Governance: Filed governance answers
Accomplishments: 3 filed program accomplishments · $121K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 7 of 7 current checks pass
Schedules: 4 filed schedules
Filing history: 9 filing years from 2010 to 2019
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.

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

High — Growth: Revenue growth scored 0/100.
Moderate — Sustainability: Operating margin scored 45/100.
High — Growth: Asset growth scored 0/100.
Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
High — Sustainability: Liabilities to assets ratio scored 23/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.