Grant County Fair Association

Grant County Fair Association maintains strong assets and no liabilities, despite a recent revenue dip.

EIN: 200707381 · Sheridan, AR · NTEE: N52 · Updated: 2026-03-28

$32KRevenue

$250KAssets

85/100Mission Score (Excellent)

N52

About Grant County Fair Association

Grant County Fair Association (EIN: 200707381) is a nonprofit organization based in Sheridan, AR, classified under NTEE code N52. The organization reported total revenue of $32K and total assets of $250K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grant County Fair Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Grant County Fair Association demonstrates consistent financial stability with a healthy asset base relative to its revenue. In 2017, the organization reported assets of $249,636 against revenues of $31,527, indicating a strong reserve. While the organization experienced a deficit in 2017, with expenses of $34,925 exceeding revenue, this appears to be an anomaly compared to prior years where revenue generally outpaced expenses. For instance, in 2016, revenue was $74,649 against expenses of $40,974. The consistent reporting of zero liabilities in recent years (2015-2017) suggests sound financial management and a lack of debt, contributing to overall financial health. The absence of officer compensation further enhances its financial efficiency and transparency, as all funds are presumably directed towards operational costs and program delivery.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Grant County Fair 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, Grant County Fair 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for an organization of this size.

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 Grant County Fair Association's IRS 990 filings:

Revenue decline in 2017 ($31,527) compared to previous years (e.g., $74,649 in 2016)
Expenses exceeded revenue in 2017, leading to a deficit for that period

Strengths

The following positive indicators were identified for Grant County Fair Association:

Strong asset base ($249,636 in 2017) relative to annual revenue
Zero liabilities reported in recent years (2015-2017), indicating financial stability
0% officer compensation across all filings, demonstrating high efficiency and volunteer commitment
Consistent filing history, indicating good transparency and compliance

Frequently Asked Questions about Grant County Fair Association

Is Grant County Fair Association a good charity?

Based on the available data, the Grant County Fair Association appears to be a well-managed organization with strong financial health, evidenced by its substantial assets ($249,636 in 2017) and zero liabilities in recent years. The lack of officer compensation suggests a high degree of volunteerism and dedication to its mission, making it an efficient steward of its resources.

How does the organization manage its expenses relative to its revenue?

The organization generally manages its expenses well, with revenues often exceeding expenses in most years (e.g., 2016 revenue of $74,649 vs. expenses of $40,974). However, in 2017, expenses ($34,925) slightly surpassed revenue ($31,527), resulting in a minor deficit for that period. This suggests a need to monitor expense growth or seek increased revenue streams to maintain consistent surpluses.

Filing History

IRS 990 filing history for Grant County Fair Association showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2011–2017), Grant County Fair Association's revenue has declined by 30.6%, moving from $45K to $32K. Total assets increased by 9.2% over the same period, from $229K to $250K. Total functional expenses fell by 2.1%, from $36K to $35K. In its most recent filing year (2017), Grant County Fair Association reported a deficit of $3K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2017	$32K	$35K	$250K	$0	—	View 990
2016	$75K	$41K	$253K	$0	—	View 990
2015	$50K	$37K	$247K	$0	—	View 990
2014	$45K	$31K	$237K	$13K	—	View 990
2013	$38K	$33K	$226K	$17K	—	View 990
2012	$35K	$31K	$225K	$20K	—	View 990
2011	$45K	$36K	$229K	$23K	—	View 990

Year-by-Year Financial Summary

2017: Revenue of $32K, expenses of $35K, and assets of $250K (revenue -57.8% year-over-year).
2016: Revenue of $75K, expenses of $41K, and assets of $253K (revenue +50.3% year-over-year).
2015: Revenue of $50K, expenses of $37K, and assets of $247K (revenue +9.9% year-over-year).
2014: Revenue of $45K, expenses of $31K, and assets of $237K (revenue +20.2% year-over-year).
2013: Revenue of $38K, expenses of $33K, and assets of $226K (revenue +6.6% year-over-year).
2012: Revenue of $35K, expenses of $31K, and assets of $225K (revenue -22.3% year-over-year).
2011: Revenue of $45K, expenses of $36K, and assets of $229K.

Data Sources and Methodology

This transparency report for Grant County Fair 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.