SOUTHEAST ARKANSAS ECONOMIC DEVELOPMENT DISTRICT INC (EIN 710397601) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

PATRECIA HARGROVE

Phone

8705361971

Tax Period

2022-07-01 to 2023-06-30

SOUTHEAST ARKANSAS ECONOMIC DEVELOPMENT DISTRICT INC, founded in 1967, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year. Net assets of $5.2M represent 25 months of operating reserves.

Mission

ASSISTING THE EMPLOYMENT AND DEVELOPMENT OF ECONOMICALLY DISADVANTAGED INDIVIDUALS AND BUSINESSES THROUGH VARIOUS FEDERAL PROGRAMS.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $6,041,168

Program Service Revenue $363,475

Investment Income $0

Other Revenue $1,594

TOTAL REVENUE $6,406,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $939,812

Fundraising Expenses $0

Program Expenses $5,195,318

Other Expenses $4,749,878

TOTAL EXPENSES $5,689,690

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,406,237	$8,494,217	-0.2%
Expenses	$5,689,690	$7,389,590	-0.2%
Net Income	$716,547	$1,104,627	-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

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

120

Volunteers

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

$106,482

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRECIA HARGROVE	EXECUTIVE DIRECTOR	36.0	Officer	$106,482	$0	$106,482
MACK BALL	PRESIDENT	1.0	Officer Director	$0	$0	$0
ROBERT AKIN	1ST VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
SHIRLEY WASHINGTON	2ND VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
RANDY PRUITT	DIRECTOR	1.0	Director	$0	$0	$0
EDDIE BEST	DIRECTOR	1.0	Director	$0	$0	$0
BILL PAXTON	DIRECTOR	1.0	Director	$0	$0	$0
JIM HUDSON	DIRECTOR	1.0	Director	$0	$0	$0
CAROLYN HARRIS	DIRECTOR	1.0	Director	$0	$0	$0
KLAY MCKINNEY	VICE SECRETARY	1.0	Officer Director	$0	$0	$0
GARY MORGAN	DIRECTOR	1.0	Director	$0	$0	$0
MACK BALL JR	DIRECTOR	1.0	Director	$0	$0	$0
SAM E ANGEL II	DIRECTOR	1.0	Director	$0	$0	$0
JEFF OWYOUNG	TREASURER	1.0	Officer Director	$0	$0	$0
NITA MCDANIEL	DIRECTOR	1.0	Director	$0	$0	$0
CHARLES SEARCY	DIRECTOR	1.0	Director	$0	$0	$0
JEFF WESTBROOK	DIRECTOR	1.0	Director	$0	$0	$0
NOEL FOSTER	DIRECTOR	1.0	Director	$0	$0	$0
MITCH ROSE	DIRECTOR	1.0	Director	$0	$0	$0
JOY BLANKENSHIP	DIRECTOR	1.0	Director	$0	$0	$0
PAUL CARTER	SECRETARY	1.0	Officer Director	$0	$0	$0
MITCH GRANT	DIRECTOR	1.0	Director	$0	$0	$0
JAMES BLACK	DIRECTOR	1.0	Director	$0	$0	$0
TEDDY HOLT	DIRECTOR	1.0	Director	$0	$0	$0
CRYSTAL MARSHALL	DIRECTOR	1.0	Director	$0	$0	$0
KEETON HUDSON	DIRECTOR	1.0	Director	$0	$0	$0
TOMEKA BUTLER	DIRECTOR	1.0	Director	$0	$0	$0
LAURA HERRINGTON	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD TINDALL	DIRECTOR	1.0	Director	$0	$0	$0
TONI PERRY	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM DAVIS	DIRECTOR	1.0	Director	$0	$0	$0
GERALD ROBINSON	DIRECTOR	1.0	Director	$0	$0	$0
BUDDY EARNEST	DIRECTOR	1.0	Director	$0	$0	$0
NORMA STRABALA	DIRECTOR	1.0	Director	$0	$0	$0
DAVID STREETER	DIRECTOR	1.0	Director	$0	$0	$0
GREGG REEP	DIRECTOR	1.0	Director	$0	$0	$0
TOM MOSLEY	DIRECTOR	1.0	Director	$0	$0	$0
EDDIE BUSH	DIRECTOR	1.0	Director	$0	$0	$0
WALTER JORDAN JR	DIRECTOR	1.0	Director	$0	$0	$0
JOANNE BUSH	DIRECTOR	1.0	Director	$0	$0	$0
JIMMY CUMMINGS	DIRECTOR	1.0	Director	$0	$0	$0
CHARLES ROBERTS	DIRECTOR	1.0	Director	$0	$0	$0
ROGER MCCLELLAN	DIRECTOR	1.0	Director	$0	$0	$0
STEPHEN MCCLELLAN	DIRECTOR	1.0	Director	$0	$0	$0
PRICE BONEY	DIRECTOR	1.0	Director	$0	$0	$0
CAROLYNE BLISSITT	DIRECTOR	1.0	Director	$0	$0	$0
JESSIE GRIFFIN	DIRECTOR	1.0	Director	$0	$0	$0
JASON AKERS	DIRECTOR	1.0	Director	$0	$0	$0
CAIN NATTIN	DIRECTOR	1.0	Director	$0	$0	$0
REID ROBERTSON	DIRECTOR	1.0	Director	$0	$0	$0
CARL REDUS JR	DIRECTOR	1.0	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,406,237	$5,689,690	$8,133,592	$716,547
2022	$8,494,217	$7,389,590	$6,895,240	$1,104,627
2021	$3,105,093	$3,179,693	$5,360,622	$-74,600
2020	$2,268,067	$2,382,972	$5,304,415	$-114,905
2019	$2,448,204	$2,456,913	$5,741,936	$-8,709
2018	$2,522,251	$2,605,226	$5,875,016	$-82,975

SOUTHEAST ARKANSAS ECONOMIC DEVELOPMENT DISTRICT INC