Lorain County Agricultural Society
EIN: 873267141 · Wellington, OH · NTEE: N52
| Metric | Value |
|---|---|
| Total Revenue | $9.6M |
| Total Expenses | $1.8M |
| Net Assets | $4.7M |
Is Lorain County Agricultural Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lorain County Agricultural Society
Lorain County Agricultural Society (EIN: 873267141) is a nonprofit organization based in Wellington, OH, classified under NTEE code N52. The organization reported total revenue of $9.6M and total assets of $15.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lorain County Agricultural Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lorain County Agricultural Society is a mid-size nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $5.7M |
| Total Liabilities | $972K |
| Net Assets | $4.7M |
| Operating Margin | 38.4% |
| Debt-to-Asset Ratio | 17.2% |
| Months of Reserves | 38.3 months |
Financial Health Grade: A
In 2023, Lorain County Agricultural Society reported a surplus of $1.1M with revenue exceeding expenses, holds 38.3 months of operating reserves (strong position), has a debt-to-asset ratio of 17.2% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.6% | -43.7% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lorain County Agricultural Society has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lorain County Agricultural Society with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.2%.
Frequently Asked Questions about Lorain County Agricultural Society
Is Lorain County Agricultural Society a legitimate charity?
Lorain County Agricultural Society (EIN: 873267141) is a registered tax-exempt nonprofit based in Ohio. It has 3 years of IRS 990 filings on record. Total revenue: $9.6M. No red flags identified. Financial health grade: A.
How does Lorain County Agricultural Society spend its money?
Lorain County Agricultural Society reported $9.6M in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lorain County Agricultural Society tax-deductible?
Lorain County Agricultural Society is registered as a tax-exempt nonprofit (EIN: 873267141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lorain County Agricultural Society located?
Lorain County Agricultural Society is headquartered in Wellington, Ohio and files with the IRS under EIN 873267141. It is classified under NTEE code N52.
How many years of IRS 990 filings does Lorain County Agricultural Society have?
Lorain County Agricultural Society has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $9.6M in total revenue.
Filing History
IRS 990 filing history for Lorain County Agricultural Society showing financial trends over 3 years of public records:
Total assets increased by 187.5% over the same period, from $2.0M to $5.7M. In its most recent filing year (2023), Lorain County Agricultural Society reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $972K in liabilities against $5.7M in assets (debt-to-asset ratio: 17.2%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $1.8M | $5.7M | $972K | — | View 990 |
| 2022 | $4.8M | $3.2M | $4.9M | $1.3M | — | View 990 |
| 2021 | $0 | $0 | $2.0M | $78K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $1.8M, and assets of $5.7M (revenue -40.6% year-over-year).
- 2022: Revenue of $4.8M, expenses of $3.2M, and assets of $4.9M.
- 2021: Revenue of $0, expenses of $0, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lorain County Agricultural Society:
Data Sources and Methodology
This transparency report for Lorain County Agricultural Society 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.