ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT

EIN: 581893506

RUSSELLVILLE, AR

Total Revenue
$-285,414
Total Expenses
$219,169
Total Assets
$763,485
Net Assets
$758,980
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
AR
Principal Officer
STEVE MALLETT
Phone
4799682530
Tax Period
2023-01-01 to 2023-12-31

ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT, founded in 1997, is a small nonprofit that reported $239K in total revenue in fiscal year 2018. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $297K exceeded revenue, resulting in a 25% operating deficit.

Mission

COMMUNITY, INDUSTRIAL AND ECONOMIC DEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $210,902
Program Service Revenue $0
Investment Income $-496,316
Other Revenue $0
TOTAL REVENUE $-285,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $151,343
Fundraising Expenses $0
Program Expenses $208,601
Other Expenses $67,826
TOTAL EXPENSES $219,169

Year-over-Year Comparison

2023 2022 Change
Revenue $-285,414 $193,902 -2.5%
Expenses $219,169 $229,633 0.0%
Net Income $-504,583 $-35,731 +13.1%
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
10
Independent Members
10
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
6
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHIP BLANCHARD AT LARGE REP 0.50
Director
$0 $0 $0
JASON BLAYLOCK DIRECTOR 0.50
Director
$0 $0 $0
OMAR CLEMONS SECRETARY 0.50
Officer Director
$0 $0 $0
JUDGE BEN CROSS DIRECTOR 0.50
Director
$0 $0 $0
LUKE DUFFIELD DIRECTOR 0.50
Officer Director
$0 $0 $0
RUSS JONES DIRECTOR 0.50
Director
$0 $0 $0
ALLEN LAWS AT LARGE REP 0.50
Officer Director
$0 $0 $0
GREGG LONG VICE CHAIRMA 1.00
Officer Director
$0 $0 $0
GINNI MCDONALD DIRECTOR 0.50
Director
$0 $0 $0
ANDY MCNEIL DIRECTOR 0.50
Director
$0 $0 $0
CHRIS OLSON DIRECTOR 0.50
Director
$0 $0 $0
JOSH STONE DIRECTOR 0.50
Director
$0 $0 $0
BLAKE TARPLEY DIRECTOR 0.50
Director
$0 $0 $0
MAYOR FRED TEAGUE DIRECTOR 0.50
Director
$0 $0 $0
JOE WILSON CHAIRMAN 0.50
Officer Director
$0 $0 $0
STEVE MALLETT TREASURER 1.00
Officer
$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 $-285,414 $219,169 $763,485 $-504,583
2022 $193,902 $229,633 $1,277,648 $-35,731
2021 $226,206 $260,191 $1,309,955 $-33,985
2020 $178,955 $206,846 $1,343,940 $-27,891
2019 $250,330 $259,847 $1,371,832 $-9,517
2018 $238,554 $297,145 $1,382,757 $-58,591
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