Salinas Valley Fair Inc
Nonprofit profile at a glance
- EIN
- 941347838
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- King City, CA, USA
- Phone
- 8313853243
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $2,839,929
- Expenses
- $2,714,791
- Assets
- $8,347,957
- Liabilities
- $73,058
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Lauren Hamilton (CEO)
- Darla Mantel (President)
Highest reported compensation
- Lauren Hamilton (CEO): $133,879 total reported compensation
- Rick Grogan (Head of Maint): $60,011 total reported compensation
- Hector Montoya (Landscaping): $58,124 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To showcase the annual Salinas Valley Fair and to promote the talent and education of citizens of all ages and provide a year round setting for community service events and celebrations.
What it reported doing in 2024
Operation of annual Salinas Valley Fair under the California State Division of Fairs & Expositions and the Salinas Valley Fair Board of Directors.
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. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.3%; rating input score 91
- Program expense ratio: 95.3%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.4%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 3.07; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 13.2%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 4.5% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 2.9% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 91.3% of revenue deployed · 95.3% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.6M in reported program spending
- Leadership: top reported pay $134K · 17 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Operating margin scored 49/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 22/100.