JONESBORO REGIONAL CHAMBER OF COMMERCE

EIN: 710097645

JONESBORO, AR

Total Revenue
$1,293,424
Total Expenses
$1,239,941
Total Assets
$1,280,291
Net Assets
$813,619
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
AR
Principal Officer
MARK YOUNG
Phone
8709326691
Tax Period
2023-10-01 to 2024-09-30

JONESBORO REGIONAL CHAMBER OF COMMERCE, founded in 1945, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2017. Expenses of $1.2M left a modest 3% surplus.

Mission

COMMUNITY DEVELOPMENT, ECONOMIC DEVELOPMENT, LEADERSHIP DEVELOPMENT, INDUSTRIAL DEVELOPMENT, MEMBERSHIP DEVELOPMENT

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $857,957
Program Service Revenue $399,748
Investment Income $30,013
Other Revenue $5,706
TOTAL REVENUE $1,293,424

Expense Breakdown

Grants Paid $0
Salaries & Benefits $754,374
Fundraising Expenses $0
Program Expenses $860,043
Other Expenses $485,567
TOTAL EXPENSES $1,239,941

Year-over-Year Comparison

2023 2022 Change
Revenue $1,293,424 $1,307,423 0.0%
Expenses $1,239,941 $1,253,224 0.0%
Net Income $53,483 $54,199 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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Governance

Voting Members
31
Independent Members
31
Employees
7
Volunteers
1100

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
$185,570
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR KAREN MCDANIEL CHAIR 1.00
Officer Director
$0 $0 $0
DAVID PEACOCK VICE CHAIR 1.00
Officer Director
$0 $0 $0
CASEY PEARCE TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN LAWRENCE IPC 1.00
Officer Director
$0 $0 $0
KEITH CRAGG DIRECTOR 1.00
Director
$0 $0 $0
SAM LYND DIRECTOR 1.00
Director
$0 $0 $0
SARAH MCDANIEL DIRECTOR 1.00
Director
$0 $0 $0
TONY SUPINE DIRECTOR 1.00
Director
$0 $0 $0
VINCENT TURNER DIRECTOR 1.00
Director
$0 $0 $0
DEANIA VANHOOZER DIRECTOR 1.00
Director
$0 $0 $0
ED WARE DIRECTOR 1.00
Director
$0 $0 $0
HATTON WEEKS DIRECTOR 1.00
Director
$0 $0 $0
LINDSEY BOWMAN DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER HANNAH DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY HIGGINS DIRECTOR 1.00
Director
$0 $0 $0
MARK MCHALE DIRECTOR 1.00
Director
$0 $0 $0
RYAN MOORE DIRECTOR 1.00
Director
$0 $0 $0
BILL SHANNON DIRECTOR 1.00
Director
$0 $0 $0
DR TODD SHIELDS DIRECTOR 1.00
Director
$0 $0 $0
ANGELA SPARKS DIRECTOR 1.00
Director
$0 $0 $0
HEATHER COATS DIRECTOR 1.00
Director
$0 $0 $0
TED HERGET DIRECTOR 1.00
Director
$0 $0 $0
SCOTT MCDANIEL DIRECTOR 1.00
Director
$0 $0 $0
SLADE MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
RAY OSMENT DIRECTOR 1.00
Director
$0 $0 $0
KATIE PRESCOTT DIRECTOR 1.00
Director
$0 $0 $0
ATIN SURI DIRECTOR 1.00
Director
$0 $0 $0
JIM WASHAM DIRECTOR 1.00
Director
$0 $0 $0
CHRIS BARBER DIRECTOR 1.00
Director
$0 $0 $0
DR LEN FREY DIRECTOR 1.00
Director
$0 $0 $0
MICHEAL SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
MARK YOUNG PRESIDENT 40.00
Officer
$176,305 $9,265 $185,570
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 $1,293,424 $1,239,941 $1,280,291 $53,483
2023 $1,307,423 $1,253,224 $1,287,214 $54,199
2022 $1,169,797 $1,149,204 $1,226,000 $20,593
2021 $1,208,402 $1,078,595 $1,079,897 $129,807
2020 $1,132,297 $1,084,283 $964,901 $48,014
2019 $1,219,020 $1,071,927 $910,440 $147,093
2018 $1,216,850 $1,177,512 $803,945 $39,338
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