Lorain County Fair
EIN: 340846235 · Wellington, OH · NTEE: K20
| Metric | Value |
|---|---|
| Total Revenue | $305K |
| Total Expenses | $1.6M |
| Net Assets | $1.7M |
Is Lorain County Fair 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 Fair
Lorain County Fair (EIN: 340846235) is a nonprofit organization based in Wellington, OH, classified under NTEE code K20. The organization reported total revenue of $305K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lorain County Fair's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lorain County Fair is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$85K |
| Total Assets | $1.7M |
| Total Liabilities | $68K |
| Net Assets | $1.7M |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 12.8 months |
Financial Health Grade: A
In 2019, Lorain County Fair reported a surplus of $85K with revenue exceeding expenses, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2019), Lorain County Fair's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +23.2% | +10.1% | +6.2% |
| 2018 | -8.7% | -15.0% | -4.9% |
| 2017 | +8.1% | +4.6% | -11.1% |
| 2016 | -11.8% | +7.8% | -11.4% |
| 2015 | +5.4% | +12.5% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lorain County Fair 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 Fair 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $85K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Frequently Asked Questions about Lorain County Fair
Is Lorain County Fair a legitimate charity?
Lorain County Fair (EIN: 340846235) is a registered tax-exempt nonprofit based in Ohio. It has 8 years of IRS 990 filings on record. Total revenue: $305K. No red flags identified. Financial health grade: A.
How does Lorain County Fair spend its money?
Lorain County Fair reported $305K in total revenue in IRS 990 filings. 8 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 Fair tax-deductible?
Lorain County Fair is registered as a tax-exempt nonprofit (EIN: 340846235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lorain County Fair located?
Lorain County Fair is headquartered in Wellington, Ohio and files with the IRS under EIN 340846235. It is classified under NTEE code K20.
How many years of IRS 990 filings does Lorain County Fair have?
Lorain County Fair has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $305K in total revenue.
Filing History
IRS 990 filing history for Lorain County Fair showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2019), Lorain County Fair's revenue has grown by 22.4%, moving from $1.4M to $1.7M. Total assets decreased by 10.1% over the same period, from $1.9M to $1.7M. Total functional expenses rose by 24.4%, from $1.3M to $1.6M. In its most recent filing year (2019), Lorain County Fair reported a surplus of $85K, with revenue exceeding expenses. The organization holds $68K in liabilities against $1.7M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $1.7M | $1.6M | $1.7M | $68K | — | View 990 |
| 2018 | $1.4M | $1.5M | $1.6M | $53K | — | View 990 |
| 2017 | $1.5M | $1.7M | $1.7M | $50K | — | View 990 |
| 2016 | $1.4M | $1.6M | $1.9M | $50K | — | View 990 |
| 2015 | $1.6M | $1.5M | $2.2M | $45K | — | View 990 |
| 2013 | $1.5M | $1.4M | $2.1M | $33K | — | View 990 |
| 2012 | $1.5M | $1.5M | $2.0M | $29K | — | View 990 |
| 2011 | $1.4M | $1.3M | $1.9M | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $1.7M, expenses of $1.6M, and assets of $1.7M (revenue +23.2% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.5M, and assets of $1.6M (revenue -8.7% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.7M, and assets of $1.7M (revenue +8.1% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.6M, and assets of $1.9M (revenue -11.8% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $2.2M (revenue +5.4% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $2.1M (revenue +1.0% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $2.0M (revenue +7.2% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lorain County Fair:
Data Sources and Methodology
This transparency report for Lorain County Fair 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.