ARKANSAS STATE CHAMBER OF COMMERCE FOUNDATION

EIN: 581890928 501(c)(3) Community Improvement

LITTLE ROCK, AR

Total Revenue
$341,000
Total Expenses
$342,353
Total Assets
$229,363
Net Assets
$229,363
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
AR
Principal Officer
RANDY ZOOK
Phone
4793722222
Tax Period
2022-01-01 to 2022-12-31

ARKANSAS STATE CHAMBER OF COMMERCE FOUNDATION, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $341K in total revenue in fiscal year 2022.

Mission

THE ARKANSAS STATE CHAMBER FOUNDATION IS A 501(C)(3) ENTITY THAT IS INTENDED TO SERVE AS THE POLICY DEVELOPMENT AND EDUCATIONAL ARM OF THE CHAMBER.

Program Service Accomplishments

Program 1
Expenses: $329,330 Revenue: $0

EDUCATION TO EMPLOYER INITIATIVE ENGAGES STATE BUSINESS AND INDUSTRY PARTNERS AND COMMUNICATES THEIR WORKFORCE NEEDS TO EDUCATION LEADERS IN ARKANSAS, WHILE CREATING A SEAMLES TRANSITION BETWEEN HIGH...

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EDUCATION TO EMPLOYER INITIATIVE ENGAGES STATE BUSINESS AND INDUSTRY PARTNERS AND COMMUNICATES THEIR WORKFORCE NEEDS TO EDUCATION LEADERS IN ARKANSAS, WHILE CREATING A SEAMLES TRANSITION BETWEEN HIGH SCHOOL, POST-SECONDARY EDUCATION AND THE WORKFORCE.

Program 2
Expenses: $5,176 Revenue: $0

TOGETHER ARKANSAS PROVIDES EMPLOYERS WITH AN ONLINE TOOLKIT OF RESOURCES THEY CAN USE, FREE OF CHARGE, TO HELP THEM PREPARE, PREVENT AND RESPOND TO THE OPIOID-USE DISORDER CRISIS.

Program 3
Expenses: $1,000 Revenue: $0

LEADERSHIP ARKANSAS PROVIDES SCHOLARSHIPS TO SELEVTED INDIVIDUALS. LEADERSHIP ARKANSAS IS A UNIQUE PROGRAM, FIRST INTRODUCED IN 2005, DESIGNED TO TAKE A COMPREHENSIVE VIEW OF THE ECONOMIC AND...

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LEADERSHIP ARKANSAS PROVIDES SCHOLARSHIPS TO SELEVTED INDIVIDUALS. LEADERSHIP ARKANSAS IS A UNIQUE PROGRAM, FIRST INTRODUCED IN 2005, DESIGNED TO TAKE A COMPREHENSIVE VIEW OF THE ECONOMIC AND POLITICAL CHALLENGES THAT FACE THIS STATE. THROUGH SHARED EXPERIENCES AND FREQUENT INTERACTIONS, LEADERSHIP ARKANSAS PARTICIPANTS, FACILITATORS AND ALUMNI LEARN AND GROW AS THEY ADVANCE THROUGH AN INNOVATIVE NINE MONTH PROGRAM DESIGNED TO EXPOSE CLASS MEMBERS TO THE CHALLENGES AND OPPORTUNITIES OF OUR LOCAL COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $341,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $341,000

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $111,500
Fundraising Expenses $0
Program Expenses $335,506
Other Expenses $229,853
TOTAL EXPENSES $342,353

Year-over-Year Comparison

2022 2021 Change
Revenue $341,000 $332,000 +0.0%
Expenses $342,353 $322,897 +0.1%
Net Income $-1,353 $9,103 -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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$624,190
Total Directors
7
$624,190
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY ZOOK PRESIDENT 0.1
Officer Director
$0 $35,065 $419,659
KENNY HALL SECRETARY 0.1
Officer Director
$0 $33,073 $204,531
BRADLEY HARDIN BOARD MEMBER 0.1
Director
$0 $0 $0
GARY HEAD TREASURER 0.1
Officer Director
$0 $0 $0
MINDY WEST BOARD MEMBER 0.1
Director
$0 $0 $0
RAY DILLON CHAIRMAN 0.1
Officer Director
$0 $0 $0
ED DRILLING BOARD MEMBER 0.1
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
2022 $341,000 $342,353 $229,363 $-1,353
2021 $332,000 $322,897 $224,142 $9,103
2020 $350,732 $161,864 $215,039 $188,868
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