Vermillion County Fair Association
EIN: 351588102 · Hillsdale, IN
| Metric | Value |
|---|---|
| Total Revenue | $90K |
| Total Expenses | $102K |
| Net Assets | $61K |
Is Vermillion County Fair Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vermillion County Fair Association
Vermillion County Fair Association (EIN: 351588102) is a nonprofit organization based in Hillsdale, IN. The organization reported total revenue of $90K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermillion County Fair Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermillion County Fair Association is a micro nonprofit that has been operating for 42 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 22.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $102K |
| Surplus / Deficit | +$24K |
| Total Assets | $61K |
| Net Assets | $61K |
| Operating Margin | 19.2% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2023, Vermillion County Fair Association reported a surplus of $24K with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Vermillion County Fair Association's revenue has grown at a compound annual growth rate (CAGR) of 22.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +117.6% | +25.1% | +65.3% |
| 2022 | -31.1% | +2.6% | -38.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vermillion County Fair Association 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 Vermillion County Fair Association 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 $24K, with revenue exceeding expenses.
Frequently Asked Questions about Vermillion County Fair Association
Is Vermillion County Fair Association a legitimate charity?
Vermillion County Fair Association (EIN: 351588102) is a registered tax-exempt nonprofit based in Indiana. It has 3 years of IRS 990 filings on record. Total revenue: $90K. No red flags identified. Financial health grade: A.
How does Vermillion County Fair Association spend its money?
Vermillion County Fair Association reported $90K 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 Vermillion County Fair Association tax-deductible?
Vermillion County Fair Association is registered as a tax-exempt nonprofit (EIN: 351588102). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vermillion County Fair Association located?
Vermillion County Fair Association is headquartered in Hillsdale, Indiana and files with the IRS under EIN 351588102.
How many years of IRS 990 filings does Vermillion County Fair Association have?
Vermillion County Fair Association 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 $90K in total revenue.
Filing History
IRS 990 filing history for Vermillion County Fair Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Vermillion County Fair Association's revenue has grown by 49.9%, moving from $84K to $126K. Total assets increased by 1.1% over the same period, from $60K to $61K. Total functional expenses rose by 28.3%, from $79K to $102K. In its most recent filing year (2023), Vermillion County Fair Association reported a surplus of $24K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $126K | $102K | $61K | $0 | — | — |
| 2022 | $58K | $81K | $37K | $0 | — | — |
| 2021 | $84K | $79K | $60K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126K, expenses of $102K, and assets of $61K (revenue +117.6% year-over-year).
- 2022: Revenue of $58K, expenses of $81K, and assets of $37K (revenue -31.1% year-over-year).
- 2021: Revenue of $84K, expenses of $79K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermillion County Fair Association:
Data Sources and Methodology
This transparency report for Vermillion 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.