MISS ARKANSAS SCHOLARSHIP ORGANIZA… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

LACY GLOVER

Phone

5013213506

Tax Period

2024-01-01 to 2024-12-31

MISS ARKANSAS SCHOLARSHIP ORGANIZATION INC, founded in 1990, is a small nonprofit that reported $704K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $680K left a modest 3% surplus.

Mission

EMPOWERING YOUNG WOMEN TO ACHIEVE THEIR PERSONAL AND PROFESSIONAL GOALS, WHILE PROVIDING A FORUM IN WHICH TO EXPRESS THEIR OPINIONS, TALENT AND INTELLIGENCE.

Program Service Accomplishments

Program 1

Expenses: $646,190 Revenue: $454,703

TO ENCOURAGE THE PARTICIPATION OF YOUNG WOMEN IN THE STATE OF ARKANSAS IN THE MISS ARKANSAS COMPETITION FOR THEIR RESPECTIVE AGE GROUP.THIS PARTICIPATION ALLOWS FOR THE EMPOWERING OF YOUNG WOMEN TO HELP THEM ACHIEVE THEIR PERSONAL AND PROFESSIONAL GOALS, WHILE PROVIDING A FORUM IN WHICH TO EXPRESS THEIR OPINIONS, TALENT AND INTELLIGENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $211,036

Program Service Revenue $454,703

Investment Income $29,864

Other Revenue $8,172

TOTAL REVENUE $703,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,184

Fundraising Expenses $0

Program Expenses $646,190

Other Expenses $667,220

TOTAL EXPENSES $680,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$703,775	$543,207	+0.3%
Expenses	$680,404	$496,280	+0.4%
Net Income	$23,371	$46,927	-0.5%

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

Independent Members

Employees

Volunteers

100

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
LACY FLEMING GLOVER	EXECUTIVE DIRECTOR	4.00	Officer Director	$0	$0	$0
DENNIS HORN	PRESIDENT	4.00	Officer Director	$0	$0	$0
COLLIER MOORE	TREASURER	2.00	Officer Director	$0	$0	$0
PAIGE FISHER	SPEAKERS SERIES CHAIR	2.00	Officer Director	$0	$0	$0
ROBIN HOUSEWORTH	DIRECTOR OF FIELD OPERATIO	4.00	Officer Director	$0	$0	$0
VICKI RIMA	ACCOUNTING MANAGER	2.00	Officer Director	$0	$0	$0
ABBY HOUSEWORTH	MISS AR TEEN CHAIR	2.00	Officer Director	$0	$0	$0
ANNA RAFFO	BUSINESS MANAGER	2.00	Officer Director	$0	$0	$0
PATTY TACKETT	DSP CHAIR ADVISORY	2.00	Officer Director	$0	$0	$0
AMY RUSSELL	DIRECTOR	2.00	Director	$0	$0	$0
BILLY BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE RUDOLPH	DIRECTOR	2.00	Director	$0	$0	$0
RUSTY HART	DIRECTOR	2.00	Director	$0	$0	$0
VIKITA BELL HARDWRICK	DIRECTOR	2.00	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	$703,775	$680,404	$507,710	$23,371
2023	$543,207	$496,280	$482,596	$46,927
2022	$490,034	$512,286	$434,619	$-22,252
2021	$243,354	$364,422	$456,459	$-121,068
2020	$183,552	$65,212	$576,985	$118,340
2018	$529,849	$486,210	$412,422	$43,639

MISS ARKANSAS SCHOLARSHIP ORGANIZATION INC