ARK-LA-TEX REGIONAL AIR SERVICE ALLIANCE (EIN 454863778) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Principal Officer

TIMOTHY W WILHITE

Phone

3187473780

Tax Period

2025-01-01 to 2025-12-31

ARK-LA-TEX REGIONAL AIR SERVICE ALLIANCE, founded in 2012, is a small nonprofit in the Public & Societal Benefit sector that reported $678K in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $656K, a strong 97% operating margin.

Mission

INCREASE AIR SERVICE THROUGH THE SHREVEPORT REGIONAL AIRPORT TO BENEFIT LOCAL CITIZENS AND BUSINESS TRAVELERS IN THE ARK-LA-TEX AREA BY PAYING INCENTIVES TO AIRLINE CARRIERS TO EXPAND SERVICES IN THE SHREVEPORT MARKET.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $836,063

Investment Income $114,617

Other Revenue $0

TOTAL REVENUE $950,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $671,998

Other Expenses $693,341

TOTAL EXPENSES $693,341

Year-over-Year Comparison

	2025	2024	Change
Revenue	$950,680	$825,877	+0.2%
Expenses	$693,341	$59,047	+10.7%
Net Income	$257,339	$766,830	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY W WILHITE	PRESIDENT/DIRECTOR	5.00	Officer Director	$0	$0	$0
KAMESHA WEST	BOARD MEMBER	5.00	Director	$0	$0	$0
MIKE MCSWAIN	BOARD MEMBER	5.00	Director	$0	$0	$0
AARON PAUL	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID SPECHT JR	BOARD MEMBER	5.00	Director	$0	$0	$0
STEVE ROOP	BOARD MEMBER	5.00	Director	$0	$0	$0
CRAIG SPOHN	BOARD MEMBER	5.00	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	$950,680	$693,341	$5,720,819	$257,339
2024	$825,877	$59,047	$5,463,442	$766,830
2023	$836,911	$93,495	$4,696,050	$743,416
2022	$809,278	$259,624	$3,952,353	$549,654
2021	$753,525	$39,006	$3,402,699	$714,519
2020	$514,984	$11,782	$2,688,180	$503,202
2019	$664,806	$128,698	$2,184,978	$536,108
2018	$678,140	$21,676	$1,648,870	$656,464

ARK-LA-TEX REGIONAL AIR SERVICE ALLIANCE