ARKANSAS ADVANCED INITIATIVE FOR M… - Form 990 Financial Data

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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

Formation Year

2007

Legal Domicile

Principal Officer

RHONDA RIGGIN

Phone

5019163684

Tax Period

2024-08-01 to 2025-07-31

ARKANSAS ADVANCED INITIATIVE FOR MATH AND SCIENCE INC, founded in 2007, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 5% surplus.

Mission

TO WORK WITH ARKANSAS SCHOOLS TO INCREASE THE NUMBER OF STUDENTS ENROLLED IN ADVANCED PLACEMENT CLASSES AND TO INCREASE THE NUMBER OF STUDENTS RECEIVING QUALIFYING SCORES ON THE ADVANCED PLACEMENT EXAMS.

Program Service Accomplishments

Program 1

Expenses: $887,451 Revenue: $798,745

IMPLEMENTED AND ADMINISTERED THE ARKANSAS ADVANCED INITIATIVE FOR MATH AND SCIENCE PROGRAM. PROGRAM SEEKS TO INCREASE THE NUMBER OF STUDENTS ENROLLED IN ADVANCED PLACEMENT CLASSES AND RECEIVING...

IMPLEMENTED AND ADMINISTERED THE ARKANSAS ADVANCED INITIATIVE FOR MATH AND SCIENCE PROGRAM. PROGRAM SEEKS TO INCREASE THE NUMBER OF STUDENTS ENROLLED IN ADVANCED PLACEMENT CLASSES AND RECEIVING QUALIFYING SCORES ON THE ADVANCED PLACEMENT EXAMS. THIS WAS ACCOMPLISHED BY ENGAGING WITH SCHOOLS, TEACHERS AND STUDENTS TO PROVIDE TRAINING, COACHING AND SUPPORT TOWARD THOSE GOALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $450,000

Program Service Revenue $798,745

Investment Income $2,002

Other Revenue $0

TOTAL REVENUE $1,250,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $537,196

Fundraising Expenses $15,012

Program Expenses $887,451

Other Expenses $652,896

TOTAL EXPENSES $1,190,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,250,747	$957,091	+0.3%
Expenses	$1,190,092	$1,142,711	+0.0%
Net Income	$60,655	$-185,620	-1.3%

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

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

$107,188

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONDA RIGGIN	EXECUTIVE DIRECTOR	40.00	Officer	$107,188	$0	$107,188
JILL CLOGSTON	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
JEREMY MANGRUM	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN BURGESS	TREASURER	1.00	Officer Director	$0	$0	$0
DR BRENT MILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
DR ANN ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
DR CHAROLOTTE PARHAM	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
DR MEGAN DUNCAN	DIRECTOR	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
2025	$1,250,747	$1,190,092	$1,260,307	$60,655
2024	$957,091	$1,142,711	$1,192,333	$-185,620
2023	$1,153,905	$1,123,397	$1,389,750	$30,508
2022	$1,024,417	$1,030,660	$1,352,148	$-6,243
2021	$939,716	$1,019,356	$1,342,414	$-79,640
2020	$968,638	$1,053,079	$1,385,423	$-84,441
2019	$1,336,281	$1,210,019	$1,549,679	$126,262
2018	$1,040,423	$1,149,719	$1,449,851	$-109,296

ARKANSAS ADVANCED INITIATIVE FOR MATH AND SCIENCE INC