HENRY COUNTY FAIR ASSOCIATION INC
Mission Statement
The Henry County Fair Association was formed to be a supporting educational organization of the county and its agriculture community. It is to support and encourage agriculture, horticulture and the mechanical arts. Over the years, it has continued to work at this purpose. As times have changed the fair has become one educational tool to expose individuals to the many different aspects of rural life. The fair involves dairy producers, beef producers, hog producers, sheep producers, crop producers, and the homemaker in various activities that teach the other people in the community about them. The fair has a Junior Livestock program that involves young people from the community in a livestock project. This project teaches them responsibility, work ethics, ability to associate with others and the importance of money. This is in conjunction with the 4-H and FFA programs of the local schools. We have invited schools to tour our exhibits and livestock show during the fair to promote the importance of care and responsibility of livestock.The fair has demonstrations to educate visitors to things like honey making, pottery, artist, musicians, gardening, landscaping and other arts. The fair has displays and teaches the community about Tennessee products through displays and giveaways of Tennessee products.The fair reaches out to the entire community to educate and better the people at large.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
70.5% | 89.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
29.5% | 7.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
35.2 mo | 10.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
64.1% | 96.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
24.6% | 10.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
7.2% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
23.7% | 4.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $414K | $316K | $927K | 70.5% | 1 |
| 2023 | $332K | $295K | $828K | 62.1% | 3 |
| 2022 | $275K | $293K | $791K | 75.6% | 3 |
| 2021 | $220K | $228K | $808K | 72.9% | 1 |
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