ARKANSAS STATE CHAMBER OF COMMERCE

EIN: 710006170

LITTLE ROCK, AR

Total Revenue
$3,362,161
Total Expenses
$3,395,361
Total Assets
$1,388,414
Net Assets
$641,709
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
AR
Phone
5013722222
Tax Period
2023-01-01 to 2023-12-31

ARKANSAS STATE CHAMBER OF COMMERCE, founded in 1928, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE ARKANSAS STATE CHAMBER OF COMMERCE IS TO CONTINUALLY ENHANCE THE ECONOMIC CLIMATE IN ARKANSAS. ARKANSAS STATE CHAMBER OF COMMERCE IS A VOLUNTEER, 501 (C)(6) NON-PROFIT CORPORATION, DEDICATED TO HELP ARKANSAS BUSINESS AND INDUSTRY BE SUCCESSFUL. THE OBJECTIVES OF ARKANSAS STATE CHAMBER OF COMMERCE ARE CARRIED OUT THROUGH THE SUCCESSFUL WORK OF OUR MEMBERS IN THE ARENA OF GOVERNMENTAL AFFAIRS. OUR POLICY COMMITTEES ARE CHARGED WITH RESEARCHING AND MONITORING GOVERNMENT ACTIVITIES IMPACTING THE BUSINESS COMMUNITY AT THE STATE AND FEDERAL LEVELS. BECAUSE OF THE STRENGTH OF OUR MEMBERS-MANAGERS, OWNERS AND OPERATORS OF ARKANSAS BUSINESSES AND INDUSTRIES-THE STATE CHAMBER IS RECOGNIZED AS THE LEADING ADVOCATE FOR THE BUSINESS COMMUNITY AND ONE OF THE MOST EFFECTIVE LOBBYING GROUPS IN ARKANSAS.

Program Service Accomplishments

Program 1

PROVIDED LEADERSHIP TRAINING FOR LEADERSHIP ARKANSAS.

Program 2

PROVIDE OPPORTUNITIES FOR SMALL BUSINESSES TO GAIN PROCUREMENT OPPORTUNITIES FROM GOVERNMENTS AND MAJOR COPORATIONS.

Program 3

PROVIDE OPPORTUNITIES FOR THE MEMBERS TO MEET WITH CONGRESSIONAL DELEGATES IN WASHINGTON DC.

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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 $2,314,486
Program Service Revenue $639,952
Investment Income $694
Other Revenue $407,029
TOTAL REVENUE $3,362,161

Expense Breakdown

Grants Paid $43,325
Salaries & Benefits $2,190,496
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,161,540
TOTAL EXPENSES $3,395,361

Year-over-Year Comparison

2023 2022 Change
Revenue $3,362,161 $3,218,166 +0.0%
Expenses $3,395,361 $3,146,078 +0.1%
Net Income $-33,200 $72,088 -1.5%
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
104
Independent Members
104
Employees
15
Volunteers
104

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
27
$677,011
Total Directors
104
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A IMMEDIATE PAST CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A PAST CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A PAST CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A TREASURER 1.0
Officer Director
$0 $0 $0
N/A IMMEDIATE PAST CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer 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
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
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
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
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
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
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
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
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 EXECUTIVE VICE PRESIDENT 40.0
Officer
$178,667 $32,995 $211,662
N/A PRESIDENT/CEO 40.0
Officer
$435,000 $30,349 $465,349
N/A DIRECTOR OF GOV AFFAIRS 40.0
Highest
$146,667 $21,379 $168,046
N/A VP OF PROGRAMS & PARTNERSHIPS 40.0
Highest
$118,333 $21,468 $139,801
N/A VP OF MEMBERSHIP DEVELOPMENT 40.0
Highest
$246,387 $24,097 $270,484
N/A DIRECTOR OF GOV AFFAIRS 40.0
Highest
$109,167 $7,744 $116,911
N/A MANAGER, EVENT SPONSORSHIP 40.0
Highest
$141,506 $19,822 $161,328
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 $3,362,161 $3,395,361 $1,388,414 $-33,200
2022 $3,218,166 $3,146,078 $1,535,074 $72,088
2021 $2,585,729 $2,509,002 $1,477,461 $76,727
2020 $2,315,504 $2,262,047 $1,509,683 $53,457
2019 $2,636,187 $2,670,883 $1,207,630 $-34,696
2018 $2,254,964 $2,614,411 $1,300,350 $-359,447
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