ARKANSAS VENTURE CENTER

EIN: 464108871 501(c)(3) Community Improvement

LITTLE ROCK, AR

Total Revenue
$1,441,064
Total Expenses
$1,898,909
Total Assets
$3,359,234
Net Assets
$3,186,757
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
AR
Principal Officer
ARTHUR ORDUNA
Phone
5014049875
Tax Period
2023-01-01 to 2023-12-31

ARKANSAS VENTURE CENTER, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE VENTURE CENTER HELPS STARTUPS OBTAIN CUSTOMER VALIDATION & REACH VIABILITY THROUGH SYSTEMATIC PROGRAMMING, PREMIUM MENTORSHIP THAT LEVERAGES BEST PRACTICES IN LEAN METHODOLOGY & STRATEGIC ACCELERATION WITH AN EYE ON REACHING SCALE AND CREATING MEASURABLE ECONOMIC IMPACT.

Program Service Accomplishments

Program 1
Expenses: $551,599

LAUNCHED FINTECH ACCELERATOR TO ASSIST ENTERPRENEURS IN THE FINTECH COMMUNITY LAUNCH THEIR COMPANIES.

Program 2
Expenses: $239,082

VINCENT FINTECH SUMMIT IS AN EXCLUSIVE EVENT THAT BRINGS TOGETHER BANK INDUSTRY LEADERS, INNOVATORS, AND INFLUENCERS FROM AROUND THE WORLD FOR TWO DAYS, LIVE DEMOS, AND UNLIMITED NETWORKING.

Program 3

THE ORGANIZATIONS EDUCATIONAL PROGRAMS HAVE SUBSTANTIALLY CONTRIBUTED TO THE CREATION OF MULTIPLE NEW COMPANIES. THESE PROGRAMS HAVE HELPED PEOPLE PURSUE THEIR DREAM OF OWNING THEIR OWN BUSINESS. IN...

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THE ORGANIZATIONS EDUCATIONAL PROGRAMS HAVE SUBSTANTIALLY CONTRIBUTED TO THE CREATION OF MULTIPLE NEW COMPANIES. THESE PROGRAMS HAVE HELPED PEOPLE PURSUE THEIR DREAM OF OWNING THEIR OWN BUSINESS. IN ADDITION WORKSHOPS AND MIXER EVENTS FUNCTION TO SUPPORT THE NEW BUSINESSES AND LINK QUALIFIED EMPLOYEE CANDIDATES TO PROSPECTIVE EMPLOYERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,272,345
Program Service Revenue $114,675
Investment Income $51,614
Other Revenue $2,430
TOTAL REVENUE $1,441,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,032,193
Fundraising Expenses $0
Program Expenses $790,681
Other Expenses $866,716
TOTAL EXPENSES $1,898,909

Year-over-Year Comparison

2023 2022 Change
Revenue $1,441,064 $1,886,810 -0.2%
Expenses $1,898,909 $2,131,949 -0.1%
Net Income $-457,845 $-245,139 +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
10
Independent Members
9
Employees
12
Volunteers
82

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
2
$179,623
Total Directors
9
$179,623
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY DILLON DIRECTOR 0.30
Director
$0 $0 $0
MILLIE WARD DIRECTOR 0.30
Director
$0 $0 $0
JOHN HALEY DIRECTOR 0.30
Director
$0 $0 $0
JIM WOMBLE DIRECTOR 0.30
Director
$0 $0 $0
JAY CHESSHIR DIRECTOR 0.30
Director
$0 $0 $0
JAMES HENDREN CHAIRMAN 0.30
Officer Director
$0 $0 $0
COLLINS ANDREWS DIRECTOR 0.30
Director
$0 $0 $0
BILL YODER DIRECTOR 0.30
Director
$0 $0 $0
ARTHUR ORDUNA EXECUTIVE DIRECTOR 40.00
Officer Director
$175,000 $4,623 $179,623
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 No data No data No data No data
2023 $1,441,064 $1,898,909 $3,359,234 $-457,845
2022 $1,886,810 $2,131,949 $3,645,178 $-245,139
2021 $2,111,036 $1,647,407 $4,361,436 $463,629
2020 $3,402,761 $1,270,226 $3,548,174 $2,132,535
2019 $1,749,130 $1,291,122 $1,539,302 $458,008
2018 $1,142,806 $988,469 $1,103,493 $154,337
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