SPRINGDALE BENEVOLENT FOUNDATION

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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

1984

Legal Domicile

Principal Officer

RICK CULVER

Phone

4797560464

Tax Period

2023-01-01 to 2023-12-31

SPRINGDALE BENEVOLENT FOUNDATION, founded in 1984, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

Organization exists to improve real estate for community activities. Community activity examples include providing access to the stadium for youth activities.

Program Service Accomplishments

Program 1

Expenses: $703,248 Revenue: $1,038,361

Provide entertainment and community support by hosting a Rodeo and other various events for the benefit of the community and community based organizations.

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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 $9,000

Program Service Revenue $1,256,827

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,265,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,211

Fundraising Expenses $0

Program Expenses $703,248

Other Expenses $1,209,360

TOTAL EXPENSES $1,347,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,265,827	$969,725	+0.3%
Expenses	$1,347,571	$913,172	+0.5%
Net Income	$-81,744	$56,553	-2.4%

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

N/A

Independent Members

N/A

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
JOE ROLLINS	PRESIDENT	N/A	Officer Director	$0	$0	$0
SACH OLIVER	VICE PRESIDENT	N/A	Officer Director	$0	$0	$0
STEVE SMITH	TREASURER	N/A	Officer Director	$0	$0	$0
DAVID HOFFARTH	DIRECTOR	N/A	Director	$0	$0	$0
DALE DANIELS	DIRECTOR	N/A	Director	$0	$0	$0
DREW WEIR	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN RIGGINS	DIRECTOR	N/A	Director	$0	$0	$0
RICK CULVER	EXEC DIRECTOR	N/A	Director	$0	$0	$0
KELSEY SMITH	DIRECTOR	N/A	Director	$0	$0	$0
ERIC COVINGTON	DIRECTOR	N/A	Director	$0	$0	$0
DWAIN PARSONS	DIRECTOR	N/A	Director	$0	$0	$0
JACK HARRELL	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$1,265,827	$1,347,571	$2,284,787	$-81,744
2022	$969,725	$913,172	$2,207,025	$56,553
2021	$947,504	$830,077	$2,342,056	$117,427
2020	$142,656	$212,630	$2,316,838	$-69,974
2019	$139,953	$223,262	$2,332,566	$-83,309
2018	$162,360	$90,968	$2,452,909	$71,392