LUCY S ELLIOTT LOAN FUND

EIN: 510137370 501(c)(3) Public & Societal Benefit

PINE BLUFF, AR

Total Revenue
$67
Total Expenses
$13,625
Total Assets
$2,961,007
Net Assets
$2,961,007
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
AR
Phone
8708792869
Tax Period
2024-01-01 to 2024-12-31

LUCY S ELLIOTT LOAN FUND, founded in 1975, is a micro nonprofit in the Public & Societal Benefit sector that reported $80K in total revenue in fiscal year 2018. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $120K exceeded revenue, resulting in a 50% operating deficit.

Mission

EDUCATIONAL AND RELIGIOUS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $56
Investment Income $11
Other Revenue $0
TOTAL REVENUE $67

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,000
Fundraising Expenses $0
Other Expenses $3,625
TOTAL EXPENSES $13,625

Year-over-Year Comparison

2024 2023 Change
Revenue $67 $162,878 -1.0%
Expenses $13,625 $24,600 -0.4%
Net Income $-13,558 $138,278 -1.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
1
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK DAVIS TRUSTEE 1.00
Director
$0 $0 $0
CHARLES MCNEW SR TRUSTEE 0.00
Director
$0 $0 $0
TOMMY PALMER PRESIDENT 0.00
Director
$0 $0 $0
MERRY TOM DORRIS TRUSTEE 0.00
Director
$0 $0 $0
DOTTIE S STRAHAN VEREEN TRUSTEE 0.00
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
2024 $67 $13,625 $2,961,007 $-13,558
2023 $162,878 $24,600 $2,974,775 $138,278
2022 $290,978 $126,415 $2,931,390 $164,563
2021 $148,532 $142,110 $3,241,492 $6,422
2020 $55,559 $148,054 $3,054,435 $-92,495
2019 $97,520 $130,573 $3,101,471 $-33,053
2018 $79,989 $120,194 $2,951,280 $-40,205
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