Shelby County Fair Association Inc
Nonprofit profile at a glance
- EIN
- 350650645
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Shelbyville, IN, USA
- Phone
- 3173988926
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $347,163
- Expenses
- $399,668
- Assets
- $354,535
- Liabilities
- $61,204
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JENNIFER THOPY (PRESIDENT)
Highest reported compensation
- NATHAN STICKFORD (1ST VP): $450 total reported compensation
- MEGAN PLATT (SECRETARY): $450 total reported compensation
- HEATHER RAMSEY (TREASURER): $450 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
4-h activities for the community's youth are supported through the conduct of this annual county fair.
What it reported doing in 2024
The shelby county fair association inc sponsors the local 4-h fair for the county youth. The fair association pays for judges and awards for the 4-h program. It sponsors activities and contests during the fair week to encourage people to come to the fair and view the 4-h projects. It maintains the property where the annual fair is located.
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. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 92
- Accountability: 77
- Sustainability: 26
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.9%; rating input score 100
- 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -15.1%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 1.1%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: -1.4% per year; rating input score 0; 26th percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
- Governance: 10 of 10 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $399K in reported program spending
- Leadership: top reported pay $450 · 10 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 10 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- 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 — Accountability: Governance controls: 4 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 18/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.