ARKANSAS SOCIETY OF ACCOUNTANTS

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Principal Officer

DONNA GOWAN

Phone

5013059110

Tax Period

2023-09-01 to 2024-08-31

ARKANSAS SOCIETY OF ACCOUNTANTS is a micro nonprofit that reported $48K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $64K exceeded revenue, resulting in a 35% operating deficit.

Mission

TAX & ACCOUNTING CPE & MONITOR

Program Service Accomplishments

Program 1

Expenses: $44,368 Revenue: $45,083

SPONSORING CONTINUING EDUCATION SEMINARS OVER 500 ACCOUNTANTS ATTENDED

Program 2

MONITORING LOCAL AND NATIONAL TAX AND ACCOUNTING ISSUES

Program 3

INFORMATIONAL AND EDUCATIONAL NEWSLETTER & WEBSITE OVER 200 MEMBERS RECEIVING MONTHLY NEWSLETTER

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $45,083

Investment Income $2,533

Other Revenue $0

TOTAL REVENUE $47,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,368

Other Expenses $64,236

TOTAL EXPENSES $64,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,616	$81,140	-0.4%
Expenses	$64,236	$96,991	-0.3%
Net Income	$-16,620	$-15,851	+0.0%

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

N/A

Employees

N/A

Volunteers

N/A

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
CHRIS CLATWORTHY	PAST PRESIDE	N/A	Officer	$0	$0	$0
DONNA GOWAN	EXECUTIVE SE	N/A	Officer	$0	$0	$0
DEE HARE	PRESIDENT	N/A	Officer	$0	$0	$0
BRYAN JOHNSTON	DISTRICT GOV	N/A	Officer	$0	$0	$0
DAN RIEKE	PRESIDENT EL	N/A	Officer	$0	$0	$0
TOM ED SIMMONS	DISTRICT GOV	N/A	Officer	$0	$0	$0
TREY TUCKER	VICE PRESIDE	N/A	Officer	$0	$0	$0
DEBBIE TURNER	PAST PRESIDE	N/A	Officer	$0	$0	$0
DONNY WHITFIELD	DISTRICT GOV	N/A	Officer	$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	$47,616	$64,236	No data	$-16,620
2023	$81,140	$96,991	$163,768	$-15,851
2022	$73,141	$85,057	$194,683	$-11,916
2021	$86,852	$77,094	$200,400	$9,758
2020	$153,139	$135,309	$188,856	$17,830