SEARCY REGIONAL CHAMBER OF COMMERCE

EIN: 710211148

SEARCY, AR

Total Revenue
$339,223
Total Expenses
$356,128
Total Assets
$437,450
Net Assets
$437,450
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
AR
Phone
5012682458
Tax Period
2024-01-01 to 2024-12-31

SEARCY REGIONAL CHAMBER OF COMMERCE is a small nonprofit that reported $335K in total revenue in fiscal year 2018.

Mission

PROMOTE AND IMPROVE THE QUALIFY OF LIFE IN SEARCY AND WHITE COUNTY BY ENCOURAGING SOUND ECONOMIC GROWTH

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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 (2024)

Revenue Breakdown

Contributions & Grants $261,146
Program Service Revenue $28,915
Investment Income $6,465
Other Revenue $42,697
TOTAL REVENUE $339,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $211,522
Fundraising Expenses $0
Program Expenses $356,128
Other Expenses $144,606
TOTAL EXPENSES $356,128

Year-over-Year Comparison

2024 2023 Change
Revenue $339,223 $459,970 -0.3%
Expenses $356,128 $487,549 -0.3%
Net Income $-16,905 $-27,579 -0.4%
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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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
26
Independent Members
26
Employees
4
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
1
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD WELTER BOARD MEMBER 0.00
Director
$0 $0 $0
JAY JAMES BOARD MEMBER 0.00
Director
$0 $0 $0
STAN STRATTON BOARD MEMBER 0.00
Director
$0 $0 $0
ROBERT HOUSEWRIGHT BOARD MEMBER 0.00
Director
$0 $0 $0
CASEY CULLIPHER VICE CHAIRMAN 0.00
Director
$0 $0 $0
KELLY STANLEY BOARD MEMBER 0.00
Director
$0 $0 $0
SHANE MUSE BOARD MEMBER 0.00
Director
$0 $0 $0
BRIAN DUNNAVAN BOARD MEMBER 0.00
Director
$0 $0 $0
ED COVINGTON CHAIRMAN OF THE BOARD 0.00
Director
$0 $0 $0
MATT BOYD BOARD MEMBER 0.00
Director
$0 $0 $0
TINA NOVAK BOARD MEMBER 0.00
Director
$0 $0 $0
LISA BROWN BOARD MEMBER 0.00
Director
$0 $0 $0
HUNTER MAIN BOARD MEMBER 0.00
Director
$0 $0 $0
LOREN MILLER BOARD MEMBER 0.00
Director
$0 $0 $0
TRAVON TAYLOR BOARD MEMBER 0.00
Director
$0 $0 $0
BASIL WALKER BOARD MEMBER 0.00
Director
$0 $0 $0
RIDGE ROBERTS BOARD MEMBER 0.00
Director
$0 $0 $0
BOBBY HART BOARD MEMBER 0.00
Director
$0 $0 $0
CHERYL WIEDMAIER BOARD MEMBER 0.00
Director
$0 $0 $0
DEBBIE ELGEN TREASURER 0.00
Director
$0 $0 $0
GENE MORRIS BOARD MEMBER 0.00
Director
$0 $0 $0
MAT FAULKNER BOARD MEMBER 0.00
Director
$0 $0 $0
TARA CATHEY PRESIDENTCEO 40.00
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 $339,223 $356,128 $437,450 $-16,905
2023 $459,970 $487,549 $488,595 $-27,579
2022 $362,524 $386,177 $503,492 $-23,653
2021 $416,293 $391,917 $512,179 $24,376
2020 $385,119 $395,678 $492,612 $-10,559
2019 $364,030 $372,931 $499,439 $-8,901
2018 $335,073 $346,874 $507,675 $-11,801
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