ARKANSAS FOUNDATION FOR THE BLIND … - 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

2012

Legal Domicile

Principal Officer

JAMES HAZLEWOOD

Phone

5012401451

Tax Period

2023-09-01 to 2024-08-31

ARKANSAS FOUNDATION FOR THE BLIND AND VISUALLY IMPAIRED, founded in 2012, is a small nonprofit in the Education sector that reported $160K in total revenue in fiscal year 2023. Revenue surged 215% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 89% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO BROADEN AND ENHANCE EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES FOR PERSONS WITH VISUAL IMPAIRMENTS.

Program Service Accomplishments

Program 1

Expenses: $13,742

THE ARKANSAS FOUNDATION FOR THE BLIND AND VISUALLY IMPAIRED WAS FORMED TO BROADEN AND ENHANCE EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES FOR PERSONS WITH VISUAL IMPAIRMENTS. DURING THE YEAR ENDED...

THE ARKANSAS FOUNDATION FOR THE BLIND AND VISUALLY IMPAIRED WAS FORMED TO BROADEN AND ENHANCE EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES FOR PERSONS WITH VISUAL IMPAIRMENTS. DURING THE YEAR ENDED AUGUST 31, 2024, THE FOUNDATION DISTRIBUTED $7,242 TO THE ARKANSAS SCHOOL FOR THE BLIND AND VISUALLY IMPAIRED (ASBVI) TO HELP PAY THE COSTS FOR ADVANCED VISION CERTIFICATIONS FOR THE ASBVI TEACHING STAFF. $6,500 WAS GIVEN FOR SCHOLARSHIPS TO ASBVI GRADUATES.

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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 $101,011

Program Service Revenue $0

Investment Income $59,175

Other Revenue $0

TOTAL REVENUE $160,186

Expense Breakdown

Grants Paid $13,742

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,742

Other Expenses $3,198

TOTAL EXPENSES $16,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,186	$50,854	+2.1%
Expenses	$16,940	$24,907	-0.3%
Net Income	$143,246	$25,947	+4.5%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM HILL	Director	1.00	Director	$0	$0	$0
SAMANTHA KETCHER	Secretary	1.00	Officer Director	$0	$0	$0
CHRIS KEENE	Director	1.00	Director	$0	$0	$0
ANGELA MOORE	Treasurer	1.00	Officer Director	$0	$0	$0
DR JIM HAZLEWOOD	President	1.00	Officer Director	$0	$0	$0
DR KENNAN DOAN	Director	1.00	Director	$0	$0	$0
ROGER FITZGIBBON	Director	1.00	Director	$0	$0	$0
DR BILL PAYNE	Vice President	1.00	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
2024	$160,186	$16,940	$1,545,457	$143,246
2023	$50,854	$24,907	$1,283,595	$25,947
2022	$167,618	$14,804	$1,310,515	$152,814
2021	$24,631	$6,302	$1,245,801	$18,329
2020	$12,053	$7,979	$1,152,341	$4,074
2019	$165,159	$90,698	$1,142,591	$74,461
2018	$1,032,657	$462	$1,063,943	$1,032,195

ARKANSAS FOUNDATION FOR THE BLIND AND VISUALLY IMPAIRED