Apache County Fair & Racing Association
Apache County Fair & Racing Association maintains stable assets and no liabilities, with minor operating deficit in latest fiscal year.
EIN: 10947165 · Saint Johns, AZ · NTEE: K20 · Updated: 2026-03-28
Is Apache County Fair & Racing Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Apache County Fair & Racing Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Apache County Fair & Racing Association
Apache County Fair & Racing Association (EIN: 10947165) is a nonprofit organization based in Saint Johns, AZ, classified under NTEE code K20. The organization reported total revenue of $292K and total assets of $301K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Apache County Fair & Racing Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Apache County Fair & Racing Association is a small nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $295K |
| Surplus / Deficit | $-20,439 |
| Total Assets | $239K |
| Net Assets | $239K |
| Operating Margin | -7.4% |
| Months of Reserves | 9.7 months |
Financial Health Grade: B
In 2023, Apache County Fair & Racing Association reported a deficit of $20K with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Apache County Fair & Racing Association's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | +22.7% | -4.2% |
| 2022 | +26.2% | +11.3% | +55.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Apache County Fair & Racing Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Apache County Fair & Racing Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all three filings, suggesting a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is favorable for donor perception regarding efficient use of funds.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Apache County Fair & Racing Association's IRS 990 filings:
- Minor operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by $20,439.
Strengths
The following positive indicators were identified for Apache County Fair & Racing Association:
- Consistent growth in assets, from $160,348 in 2021 to $238,701 in 2023.
- Zero reported liabilities across all three fiscal periods, indicating strong financial health and low risk.
- No reported officer compensation, suggesting efficient use of funds and potentially volunteer leadership.
- Strong program focus, as indicated by the estimated spending breakdown.
Frequently Asked Questions about Apache County Fair & Racing Association
Is Apache County Fair & Racing Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Apache County Fair & Racing Association (EIN: 10947165) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Apache County Fair & Racing Association spend its money?
Apache County Fair & Racing Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Apache County Fair & Racing Association tax-deductible?
Apache County Fair & Racing Association is registered as a tax-exempt nonprofit (EIN: 10947165). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Apache County Fair & Racing Association financially stable?
Yes, the organization appears financially stable, with growing assets from $160,348 in 2021 to $238,701 in 2023 and no reported liabilities across all three filings.
How does the organization manage its expenses?
Expenses have generally been managed well, though the 2023 filing shows expenses ($295,184) slightly exceeding revenue ($274,745). Prior years showed surpluses, indicating overall prudent management.
Does the organization pay its officers?
No officer compensation has been reported in any of the three available IRS 990 filings, suggesting a volunteer-driven leadership or compensation below reporting thresholds.
Filing History
IRS 990 filing history for Apache County Fair & Racing Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Apache County Fair & Racing Association's revenue has grown by 5.2%, moving from $261K to $275K. Total assets increased by 48.9% over the same period, from $160K to $239K. Total functional expenses rose by 36.6%, from $216K to $295K. In its most recent filing year (2023), Apache County Fair & Racing Association reported a deficit of $20K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $275K | $295K | $239K | $0 | — | — |
| 2022 | $329K | $241K | $249K | $0 | — | — |
| 2021 | $261K | $216K | $160K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $275K, expenses of $295K, and assets of $239K (revenue -16.6% year-over-year).
- 2022: Revenue of $329K, expenses of $241K, and assets of $249K (revenue +26.2% year-over-year).
- 2021: Revenue of $261K, expenses of $216K, and assets of $160K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Apache County Fair & Racing Association:
Data Sources and Methodology
This transparency report for Apache County Fair & Racing Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.