ARKANSAS SELF INSURERS ASSOCIATION

EIN: 582020294 Community Improvement

SILOAM SPRINGS, AR

Total Revenue
$95,210
Total Expenses
$100,483
Total Assets
$77,431
Net Assets
$77,431
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
AR
Principal Officer
MARK BENNAGE
Tax Period
2024-01-01 to 2024-12-31

ARKANSAS SELF INSURERS ASSOCIATION, founded in 1992, is a micro nonprofit in the Community Improvement sector that reported $92K in total revenue in fiscal year 2020. Revenue decreased 8% compared to the prior year. Expenses of $81K left a modest 11% surplus.

Mission

TO FURTHER SELF-INSURANCE AND PROTECT THE INTEREST OF SELF-INSURERS IN THE STATE OF ARKANSAS; TO MAINTAIN AN ACTIVE INTEREST IN THE WORKERS' COMPENSATION ACT AND ITS ADMINISTRATION; TO KEEP MEMBERS INFORMED OF PENDING LEGISLATION, CHANGES IN THE LAW, REGULATIONS, AND OTHER MATTERS OF INTEREST; TO PROVIDE SELF-INSURERS REPRESENTATION AT VARIOUS HEARINGS AND CONFERENCES PERTAINING TO THE OPERATION, ADMINISTRATION, AND EFFECTS OF THE LAW; TO COOPERATE WITH ALL OTHER ORGANIZATIONS WHICH HAVE SIMILAR INTERESTS.

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Trantor Score

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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 $94,823
Investment Income $387
Other Revenue $0
TOTAL REVENUE $95,210

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $82,117
Other Expenses $100,483
TOTAL EXPENSES $100,483

Year-over-Year Comparison

2024 2023 Change
Revenue $95,210 $136,261 -0.3%
Expenses $100,483 $117,789 -0.1%
Net Income $-5,273 $18,472 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
11
Independent Members
11
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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK BENNAGE PRESIDENT N/A
Officer Director
$0 $0 $0
NATHAN CULP DIRECTOR N/A
Director
$0 $0 $0
FAYE LOCKETT DIRECTOR N/A
Director
$0 $0 $0
SHAWNA MADEWELL DIRECTOR N/A
Director
$0 $0 $0
KAREN MCKINNEY DIRECTOR N/A
Director
$0 $0 $0
BRYNA MITCHELL SECRETARY N/A
Director
$0 $0 $0
SHANNON NEWTON DIRECTOR N/A
Director
$0 $0 $0
MISTY PETRUS VICE PRESIDE N/A
Officer Director
$0 $0 $0
PHILLIP SCOGGINS TREASURER N/A
Officer Director
$0 $0 $0
ELI SINGER DIRECTOR N/A
Director
$0 $0 $0
CAROL WORLEY DIRECTOR N/A
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 $95,210 $100,483 $77,431 $-5,273
2023 $136,261 $117,789 $82,704 $18,472
2022 $122,371 $117,119 $64,232 $5,252
2021 $41,764 $57,653 $58,980 $-15,889
2020 $91,577 $81,288 $74,869 $10,289
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