Associated Industries of Arkansas Foundation

EIN: 581891199 501(c)(3)

LITTLE ROCK, AR

Total Revenue
$2,827,758
Total Expenses
$2,169,656
Total Assets
$2,101,552
Net Assets
$1,975,506
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
AR
Phone
5013722222
Tax Period
2023-01-01 to 2023-12-31

Associated Industries of Arkansas Foundation, founded in 1990, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $658K, a strong 23% operating margin.

Mission

FOUNDED IN 1991, THE ASSOCIATED INDUSTRIES OF ARKANSAS FOUNDATION IS A BUSINESS-LED, SOLUTIONS DEVELOPMENT AND RESEARCH ORGANIZATION, WORKING IN PARTNERSHIP WITH STATE BUSINESS LEADERS AND GOVERNMENT OFFICIALS TO ADVANCE PUBLIC KNOWLEDGE AND UNDERSTANDING OF ECONOMICS & FINANCE, EDUCATION & CAREER TRAINING, HOUSING & HUMAN RELATIONS, SCIENCE & TECHNOLOGY, DOMESTIC & INTERNATIONAL RELATIONS, ISSUES CONTRIBUTING TO A RISING QUALITY OF LIFE, AS WELL AS OTHER SUBJECTS RELATED TO IMPROVING EFFICIENCY, DEVELOPMENT AND ACCELERATION OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $1,519,362 Revenue: $785,552

SINCE 2015, THE AIA FOUNDATION HAS RESEARCHED, DEVELOPED AND LAUNCHED BE PRO BE PROUD, AN EFFORT DESIGNED TO CHANGE PUBLIC PERCEPTIONS OF SKILLED PROFESSIONS WITHIN THE MANUFACTURING, CONSTRUCTION...

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SINCE 2015, THE AIA FOUNDATION HAS RESEARCHED, DEVELOPED AND LAUNCHED BE PRO BE PROUD, AN EFFORT DESIGNED TO CHANGE PUBLIC PERCEPTIONS OF SKILLED PROFESSIONS WITHIN THE MANUFACTURING, CONSTRUCTION, UTILITY AND TRANSPORTATION INDUSTRIES ACROSS ARKANSAS. TO DATE, THE EFFORT HAS RAISED OVER $4 MILLION FROM PUBLIC, PRIVATE AND CHARITABLE SOURCES AND HAS ENGAGED WITH OVER 115,000 MIDDLE AND HIGH SCHOOL STUDENTS ACROSS THE STATE TO PROMOTE HIGH-DEMAND, HIGH-WAGE PROFESSIONAL OPPORTUNITIES WITHIN THESE SECTORS. IMPACTS RELATED TO THESE EFFORTS INCLUDE INCREASED EMPLOYMENT WITHIN TARGETED FIELDS AS WELL AS INCREASED ENROLLMENTS - SIGNIFICANT IN SOME PLACES - IN POST-SECONDARY TECHNICAL PROGRAMS ON TWO-YEAR CAMPUSES.

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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 $1,972,645
Program Service Revenue $785,552
Investment Income $4,525
Other Revenue $65,036
TOTAL REVENUE $2,827,758

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,519,362
Other Expenses $2,167,656
TOTAL EXPENSES $2,169,656

Year-over-Year Comparison

2023 2022 Change
Revenue $2,827,758 $2,354,361 +0.2%
Expenses $2,169,656 $1,716,091 +0.3%
Net Income $658,102 $638,270 +0.0%
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
14
Independent Members
12
Employees
N/A
Volunteers
712

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
5
$677,011
Total Directors
14
$677,011
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD MEMBER 1.0
Officer Director
$0 $0 $0
N/A TREASURER 1.0
Officer Director
$0 $0 $0
N/A CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $32,995 $211,662
N/A PRESIDENT 1.0
Officer Director
$0 $30,349 $465,349
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
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 $2,827,758 $2,169,656 $2,101,552 $658,102
2022 $2,354,361 $1,716,091 $1,864,565 $638,270
2021 $941,091 $703,173 $977,155 $237,918
2020 $410,345 $529,534 $885,246 $-119,189
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