SOUTHERN BANCORP CDC

EIN: 311678306 501(c)(3)

ARKADELPHIA, AR

Total Revenue
$1,133
Total Expenses
$16,291
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
AR
Principal Officer
JOHN FRENCH
Phone
8702461080
Tax Period
2023-01-01 to 2023-12-31

SOUTHERN BANCORP CDC, founded in 1998, is a small nonprofit that reported $447K in total revenue in fiscal year 2022. Revenue surged 4340% from the prior year, signaling strong growth momentum. Expenses of $644K exceeded revenue, resulting in a 44% operating deficit.

Mission

SOUTHERN BANCORP'S MISSION IS TO CREATE ECONOMIC OPPORTUNITY IN RURAL AND UNDERSERVED COMMUNITIES BY PROVIDING RESPONSIBLE AND RESPONSIVE FINANCIAL PRODUCTS AND SERVICES THAT BALANCE PROFITS WITH PURPOSE.

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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 $0
Investment Income $1,133
Other Revenue $0
TOTAL REVENUE $1,133

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,291
Other Expenses $16,291
TOTAL EXPENSES $16,291

Year-over-Year Comparison

2023 2022 Change
Revenue $1,133 $446,540 -1.0%
Expenses $16,291 $644,311 -1.0%
Net Income $-15,158 $-197,771 -0.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN OLAIMEY DIRECTOR 0.00
Director
$0 $0 $0
JOHN FRENCH PRESIDENT 40.00
Officer Director
$0 $0 $0
TANYA WRIGHT DIRECTOR 0.00
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
2023 $1,133 $16,291 No data $-15,158
2022 $446,540 $644,311 $15,158 $-197,771
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