WEST CENTRAL ARKANSAS ECONOMIC DEVELOP SERV INC

EIN: 270452919 501(c)(3)

HOT SPRINGS, AR

Total Revenue
$62,023
Total Expenses
$397,537
Total Assets
N/A
Net Assets
N/A
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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
2009
Legal Domicile
AR
Principal Officer
GARY BECKWITH
Phone
5015257577
Tax Period
2023-01-01 to 2023-12-31

WEST CENTRAL ARKANSAS ECONOMIC DEVELOP SERV INC, founded in 2009, is a micro nonprofit that reported $67K in total revenue in fiscal year 2020. Expenses of $59K left a modest 12% surplus.

Mission

TO OWN, MANAGE, PURCHASE, SELL, RENT AND LEASE REAL AND PERSONAL PROPERTY TO BE USED SOLELY TO FURTHER THE OBJECTIVES AND PURPOSES OF REGIONAL SERVICE ORGANIZATIONS ENGAGED IN ECONOMIC DEVELOPMENT EFFORTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $60,500
Investment Income $1,523
Other Revenue $0
TOTAL REVENUE $62,023

Expense Breakdown

Grants Paid $353,374
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $387,015
Other Expenses $44,163
TOTAL EXPENSES $397,537

Year-over-Year Comparison

2023 2022 Change
Revenue $62,023 $66,721 -0.1%
Expenses $397,537 $47,506 +7.4%
Net Income $-335,514 $19,215 -18.5%
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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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY BECKWITH SECRETARY/TR N/A
Officer
$0 $0 $0
JOHN GUTHRIE VICE PRESIDE N/A
Officer
$0 $0 $0
TERRY SHERWOOD PRESIDENT 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
2023 $62,023 $397,537 No data $-335,514
2022 $66,721 $47,506 $590,504 $19,215
2021 $66,279 $40,396 $601,289 $25,883
2020 $67,016 $58,776 $603,739 $8,240
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