Montgomery County Fair Inc

Nonprofit profile at a glance

EIN
311077553
IRS 990-EZ coverage
2017–2023
Forms available
Form 990-EZ 2023
Location
Mt Sterling, KY, USA
Phone
8594993333
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$80,039
Expenses
$33,014
Assets
$232,901

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • KAREN COCKRELL (PRESIDENT)

People named in this filing

  • KAREN COCKRELL (PRESIDENT)
  • MIKE CONKRIGHT (VICE PRESIDE)
  • LAURA MCINTOSH (TREASURER)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate an annual event with fair activities for the general public. Several hundred people attend the one week event each year.

What it reported doing in 2023

Maintain property to hold annual county fair.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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 a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 82
  • Sustainability: 76
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.7%; rating input score 41
  • Program expense ratio: 98.8%; rating input score 99

Transparency & Controls

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

Sustainability

  • Operating margin: 58.8%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 7.05; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -1.3% per year; rating input score 0; 46th percentile among comparable filings
  • Revenue growth: 7.4% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 1.5% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 40.7% of revenue deployed · 98.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $33K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2017 to 2023
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.