Tennessee Association of Fairs Inc

Nonprofit profile at a glance

EIN
621202100
IRS 990-EZ coverage
2018–2023
Forms available
Form 990 2022, Form 990-EZ 2023
Location
Spring City, TN, USA
Phone
4232801209
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$160,172
Expenses
$177,191
Assets
$72,322

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

Leadership & pay

5 people listed

Executive titles in this filing

  • Blake Laws (President)
  • Heath Hill (Vice President)
  • Deneicia Gregson (Vice President)
  • Rhonda Humbert (Vice President)

People named in this filing

  • Blake Laws (President)
  • Heath Hill (Vice President)
  • Deneicia Gregson (Vice President)

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

The purpose of the Tennessee Association of Fairs, Inc. is to promote agricultural fairs, livestock shows, community fairs, and youth fairs, and to encourage by mutual helpfulness, the growth and usefulness of all fairs, state, and county, that may now or in the future become affiliated with this organization.

What it reported doing in 2023

The purpose of the Tennessee Association of Fairs, Inc. is to promote agricultural fairs, livestock shows, community fairs, and youth fairs and to encourage, by mutual helpfulness, the growth and usefulness of all fairs, state and county, that may now or in the future become affiliated with this organization.

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

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 82
  • Sustainability: 20
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.7%; rating input score 99
  • Program expense ratio: 89.2%; rating input score 89

Transparency & Controls

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

Sustainability

  • Operating margin: -10.6%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0.41; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 6.8%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 27.4% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 8.6% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 98.7% of revenue deployed · 89.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $158K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 4 filing years from 2018 to 2023
  • Contacts: How to reach this organization
  • Money network: 51 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.

  • High — Sustainability: Operating margin scored 16/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.