FRIENDS OF HOBBS STATE PARK

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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

2003

Legal Domicile

Principal Officer

KEN FARMER

Phone

4797895000

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF HOBBS STATE PARK, founded in 2003, is a small nonprofit in the Environment sector that reported $158K in total revenue in fiscal year 2024. The organization ran a surplus of $81K, a strong 51% operating margin.

Mission

BUILD BROAD PUBLIC SUPPORT FOR POLICIES AND OBJECTIVES OF THE PARK SUPERINTENDENT AND THE MISSION OF HOBBS STATE PARK, RAISE FUNDS FOR FACILITIES, EQUIPMENT, AND PROGRAMS IDENTIFIED BY PARK SUPERINTENDENT, AND SUPPORT EDUCATIONAL PROGRAMS FOR STUDENTS AND NWA RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $43,527

GRANTED TO ARKANSAS STATE PARKS TO ASSIST THEM IN EMPLOYING A VOLUNTEER COORDINATOR FOR HOBBS STATE PARK AND FOR IMPROVEMENTS MADE TO LANDSCAPING AND EXHIBITS.

Program 2

Expenses: $5,599

MAINTAIN A WEBSITE AND SOCIAL MEDIA SITES TO INFORM MEMBERS AND THE GENERAL PUBLIC ABOUT ACTIVITIES, INCLUDING EDUCATIONAL PROGRAMS FOR STUDENTS AND NWA RESIDENTS.

Program 3

Expenses: $3,392

PROVIDING SUPPORT TO HOBBS STATE PARK FOR VARIOUS ACTIVITIES AND EVENTS HOSTED IN THE PARK.

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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 $115,919

Program Service Revenue $0

Investment Income $42,077

Other Revenue $0

TOTAL REVENUE $157,996

Expense Breakdown

Grants Paid $43,527

Salaries & Benefits $0

Fundraising Expenses $5,599

Program Expenses $52,518

Other Expenses $33,334

TOTAL EXPENSES $76,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,996	$148,557	+0.1%
Expenses	$76,861	$63,888	+0.2%
Net Income	$81,135	$84,669	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

Employees

N/A

Volunteers

365

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
ALAN BLAND	VICE PRESIDENT	0.40	Officer Director	$0	$0	$0
BECKY ROARK	BOARD MEMBER	0.40	Director	$0	$0	$0
JASON KELLEY	BOARD MEMBER	0.40	Director	$0	$0	$0
KEN FARMER	PRESIDENT	0.40	Officer Director	$0	$0	$0
STEVE KICK	BOARD MEMBER	0.40	Director	$0	$0	$0
SAMANTHA BEST	BOARD MEMBER	0.40	Director	$0	$0	$0
CAREY CHANEY	BOARD MEMBER	0.40	Director	$0	$0	$0
WAYNE COX	BOARD MEMBER	0.40	Director	$0	$0	$0
WILLIAM EDGAR	SECRETARY	0.40	Officer Director	$0	$0	$0
TONY LUNDQUIST	BOARD MEMBER	0.40	Director	$0	$0	$0
JAMES REEVES	BOARD MEMBER	0.40	Director	$0	$0	$0
RINKEY SINGH	BOARD MEMBER	0.40	Director	$0	$0	$0
KELLY SIKORSKI	TREASURER	0.40	Officer 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	No data	No data	No data	No data
2024	$157,996	$76,861	$2,190,872	$81,135
2023	$148,557	$63,888	$2,014,628	$84,669
2022	$355,445	$58,116	$1,791,812	$297,329
2021	$280,071	$60,337	$1,659,954	$219,734
2020	$188,465	$45,255	$1,356,690	$143,210