NORTH LITTLE ROCK, AR
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)THE ARKANSAS REGIONAL INNOVATION HUB INC, founded in 2013, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2021. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 18% operating deficit.
TO INCREASE INNOVATIVE AND ENTREPRENEURIAL ACTIVITY IN ARKANSAS BY CREATING A COLLABORATIVE ECOSYSTEM THAT MOBILIZE THE RESOURCES, PROGRAMS, AND EDUCATIONAL OPPORTUNITIES NECESSARY TO DEVELOP, ATTRACT AND RETAIN TALENT TO BUILD THE STATE'S ECONOMY.
MANUFACTURING/PRODUCTION - THE INNOVATION HUB HELPS INVENTORS, ENTREPRENEURS, AND MANUFACTURERS TO DESIGN, PROTOTYPE, BUILD, TEST, AND DELIVER NEW PRODUCTS. WE HAVE WORKED WITH A VARIETY OF COMPANIES...
MANUFACTURING/PRODUCTION - THE INNOVATION HUB HELPS INVENTORS, ENTREPRENEURS, AND MANUFACTURERS TO DESIGN, PROTOTYPE, BUILD, TEST, AND DELIVER NEW PRODUCTS. WE HAVE WORKED WITH A VARIETY OF COMPANIES AND INVENTORS TO DELIVER SUCCESSFUL PROTOTYPES AND PROJECTS, AND WE WORK CLOSELY WITH SOME OF ARKANSAS'S BEST DESIGNERS AND ENGINEERS TO MEET THE NEEDS OF OUR CLIENTS. MANUFACTURING USES SMART TOOLS LIKE 3D PRINTERS, CNC MILLS, INJECTION MOLDERS, AND LASER CUTTERS TO AUTOMATE AND MULTIPLY THE MANUFACTURING PROCESS. MASS MANUFACTURING IS DESIGNED TO CREATE TENS OF THOUSANDS OF A PRODUCT. BUT, WHAT IF YOU ONLY NEED A HUNDRED OR SO ITEMS TO LAUNCH YOUR BUSINESS? THAT'S MICROMANUFACTURING - A PROCESS WHICH USES MANY OF THE SAME AUTOMATED TOOLS AS A BIG INDUSTRY ON A SMALLER SCALE. MUCH OF THE WORK TRADITIONALLY HANDLED BY MANUFACTURING EQUIPMENT CAN NOW BE PERFORMED BY 3D PRINTERS. THE MICROMANUFACTURING PROCESS IS MORE EFFICIENT, USING FEWER RESOURCES AND ALLOWING YOU TO DECIDE JUST HOW MUCH PRODUCT YOU NEED AND WHEN YOU NEED IT. IT'S A COMBINATION OF OLD WORLD CRAFTSMANSHIP AND 21ST CENTURY TECHNOLOGIES. OUR PRODUCTION TEAM OFFERS 2D & 3D DESIGN SERVICES, AND FABRICATION SERVICES USING STATE-OF-THE-ART TECHNOLOGY.
STEM - OUR FIELD TRIPS, SUMMER CAMPS, AND AFTER SCHOOL PROGRAMS HELP INTRODUCE CHILDREN ACROSS THE ECONOMIC SPECTRUM TO THE ARTS AND TO CUTTING-EDGE STEM TECHNOLOGY AND EDUCATION. CLASSES DEVOTED TO...
STEM - OUR FIELD TRIPS, SUMMER CAMPS, AND AFTER SCHOOL PROGRAMS HELP INTRODUCE CHILDREN ACROSS THE ECONOMIC SPECTRUM TO THE ARTS AND TO CUTTING-EDGE STEM TECHNOLOGY AND EDUCATION. CLASSES DEVOTED TO ROBOTICS, ENGINEERING, CODING, PROGRAMMING AND VIDEO GAME DESIGN ENHANCE STUDENT'S STEM PATHWAYS. TO MAKE THESE PROGRAMS MORE ACCESSIBLE, WE PROVIDE SCHOLARSHIP FUNDS FOR EACH OF THESE PROGRAMS, BOTH ON GROUP AND INDIVIDUAL STUDENT LEVELS. FOR ADULTS AND OLDER TEENS, OUR CLASSES, WORKSHOPS AND EQUIPMENT PROVIDE OPPORTUNITIES FOR ENTREPRENEURSHIP TRAINING, PROFESSIONAL DEVELOPMENT, AND SELF-EMPLOYMENT AS ARTISTS, MAKERS, OR CRAFTSPEOPLE, SUCH AS WELDERS.
ART - WE HAVE CREATED A DESIGNATED STREET-FRONT GALLERY SPACE FOR SOLO AND GROUP ARTIST EXHIBITIONS, CONTINUED TO PARTICIPATE AS AN ANCHOR ORGANIZATION IN OUR LOCAL 3RD FRIDAY ART WALK, AND PARTNERED...
ART - WE HAVE CREATED A DESIGNATED STREET-FRONT GALLERY SPACE FOR SOLO AND GROUP ARTIST EXHIBITIONS, CONTINUED TO PARTICIPATE AS AN ANCHOR ORGANIZATION IN OUR LOCAL 3RD FRIDAY ART WALK, AND PARTNERED WITH SEVERAL ORGANIZATIONS TO SHOWCASE SEVERAL TYPES OF ARTWORK. WE ALSO LAUNCHED ENTREPRENEURIAL WORKSHOPS FOR ARTISTS ON E-COMMERCE THROUGH ETSY AND ASSISTED ARTISTS IN ENTREPRENEURIAL SKILLS THROUGH FREE 1-ON-1 CONSULTATION SERVICES. WE EXPANDED OUR ART AFTER SCHOOL OFFERINGS TO INCLUDE PRINTMAKING, WATERCOLOR, TIE DYE, LASER CUTTING, 3D PRINTING, WOODWORKING, AND MULTI-MEDIA. WE LAUNCHED A NEW PROGRAM, SHE THRIVES, FOR FEMALE AND NON-BINARY INDIVIDUAL AGES K-12 WHICH FOCUSES ON SEVERAL DIFFERENT STEAM PROJECTS. WE CONTINUE TO OFFER ART FIELD TRIPS IN CERAMICS, SCREEN PRINTING, PRINTMAKING, 3D PRINTING, AND LASER CUTTING. WE ALSO TOOK ART ON THE ROAD TO RURAL ARKANSAS SCHOOLS AND COMMUNITIES WITH THE MOBILE MAKERSPACE, TEACHING CERAMICS, SCREEN PRINTING, LASER CUTTING, 3D PRINTING, PRINTMAKING. AS AN EXTENSION OF THE MOBILE MAKERSPACE, WE ALSO PROVIDED DIGITAL LITERACY TRAINING TO STUDENTS, PARENTS AND GUARDIANS TO HELP THEM UNDERSTAND HOW TO NAVIGATE TECHNOLOGY DURING THE PANDEMIC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $1,003,839 | $1,364,006 | -0.3% |
| Expenses | $1,181,352 | $1,334,520 | -0.1% |
| Net Income | $-177,513 | $29,486 | -7.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RODNEY FERGUSON | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $52,053 | $672,409 |
| MIKE MYERS | TREASURER | 1.00 |
Officer
Director
|
$0 | $50,145 | $369,959 |
| JOYJIT DEB ROY | BOARD MEMBER | 2.00 |
Director
|
$0 | $43,193 | $389,878 |
| CHARLOTTE YOUNG | SECRETARY | 1.00 |
Officer
Director
|
$0 | $47,231 | $335,889 |
| CHRISTOPHER JONES | FORMER EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$51,000 | $1,409 | $52,409 |
| ERRIN STANGER | ACTING DIRECTOR | 40.00 |
Officer
|
$96,067 | $6,229 | $102,296 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $1,003,839 | $1,181,352 | No data | $-177,513 |
| 2020 | $1,364,006 | $1,334,520 | $5,088,957 | $29,486 |
| 2019 | $894,138 | $1,563,403 | $4,560,479 | $-669,265 |
| 2018 | $465,941 | $1,462,806 | $4,437,378 | $-996,865 |
Compare THE ARKANSAS REGIONAL INNOVATION HUB INC with other nonprofits in Arkansas and across the country.