ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION (EIN 201864947) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

MIKE WATTS

Phone

4796361240

Tax Period

2024-01-01 to 2024-12-31

ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $770K in total revenue in fiscal year 2018. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

THIS CORPORATION IS OPERATED FOR PUBLIC BENEFIT EXCLUSIVELY FOR THE ECONOMIC BENEFIT OF THE COMMON ECONOMIC INTEREST OF ALL ENTERPRISES IN THE CITIES OF ROGERS AND LOWELL, AR.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,019

Program Service Revenue $1,163,559

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,170,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,170,578

TOTAL EXPENSES $1,170,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,170,578	$918,765	+0.3%
Expenses	$1,170,578	$918,570	+0.3%
Net Income	$0	$195	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WATTS	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
PAT HARRIS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
RAYMOND BURNS	SECRETARY	1.00	Officer Director	$0	$0	$0
BRAD CRAIN	MEMBER	1.00	Director	$0	$0	$0
DICK TRAMMEL	MEMBER	1.00	Director	$0	$0	$0
NATHAN GAIRHAN	TREASURER	1.00	Officer Director	$0	$0	$0
MATT CRAFTON	MEMBER	1.00	Director	$0	$0	$0
BILL WATKINS	MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,170,578	$1,170,578	$4,788	No data
2023	$918,765	$918,570	$12,009	$195
2022	$840,746	$840,746	$5,179	No data
2021	$981,403	$981,403	$5,661	No data
2020	$984,015	$984,015	$51,219	No data
2019	$939,787	$939,787	$5,316	No data
2018	$770,273	$770,273	$65,817	No data

ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION