NORTHWEST ARKANSAS ECONOMIC DEVELOPMENT DISTRICT INC

EIN: 710399224 501(c)(3)

HARRISON, AR

Total Revenue
$6,403,027
Total Expenses
$5,135,456
Total Assets
$6,215,939
Net Assets
$5,441,732
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
AR
Principal Officer
JOE WILLIS
Phone
8707415404
Tax Period
2023-01-01 to 2023-12-31

NORTHWEST ARKANSAS ECONOMIC DEVELOPMENT DISTRICT INC, founded in 1971, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year.

Mission

IDENTIFY ECONOMIC DEVELOPMENT OPPORTUNITIES FOR THE DISTRICT'S CONSTITUENCY, OPERATE GOVERNMENTAL PROGRAMS THAT BENEFIT THE NORTHWEST ARKANSAS REGION, AND MANAGE PUBLIC GRANTS AND FUNDS.

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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 $5,212,741
Program Service Revenue $476,803
Investment Income $100,153
Other Revenue $613,330
TOTAL REVENUE $6,403,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,843,038
Fundraising Expenses $0
Program Expenses $4,785,577
Other Expenses $2,292,418
TOTAL EXPENSES $5,135,456

Year-over-Year Comparison

2023 2022 Change
Revenue $6,403,027 $5,891,073 +0.1%
Expenses $5,135,456 $4,997,311 +0.0%
Net Income $1,267,571 $893,762 +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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Governance

Voting Members
27
Independent Members
27
Employees
134
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
5
$125,429
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY GARRETT BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG SPROUSE CHAIRMAN 1.00
Officer Director
$0 $0 $0
BILL WITTY TREASURER 1.00
Officer Director
$0 $0 $0
NATHAN SEE BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN LITTY BOARD MEMBER 1.00
Director
$0 $0 $0
HILLREY ADAMS BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY MOEHRING BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT HATHAWAY BOARD MEMBER 1.00
Director
$0 $0 $0
JERRY JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID WRITER BOARD MEMBER 1.00
Director
$0 $0 $0
TIM MCKINNEY SECRETARY 1.00
Officer Director
$0 $0 $0
STEPHANIE ORMAN BOARD MEMBER 1.00
Director
$0 $0 $0
TRAVIS DOTSON BOARD MEMBER 1.00
Director
$0 $0 $0
JASON STUMPH BOARD MEMBER 1.00
Director
$0 $0 $0
SHAWN LANE VICE-CHAIRMAN 1.00
Officer Director
$0 $0 $0
LAYTON LEE BOARD MEMBER 1.00
Director
$0 $0 $0
WARREN CAMPBELL BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
NEAL GIBSON BOARD MEMBER 1.00
Director
$0 $0 $0
TONY HORTON BOARD MEMBER 1.00
Director
$0 $0 $0
WOODIE METHVIN BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK DEAKINS BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
DANIELLE PUGSLEY BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDI HOLT BOARD MEMBER 1.00
Director
$0 $0 $0
LIONELD JORDAN BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN ELLIOT BOARD MEMBER 1.00
Director
$0 $0 $0
BUTCH BERRY BOARD MEMBER 1.00
Director
$0 $0 $0
JOE WILLIS EXECUTIVE DIRECTOR 40.00
Officer
$115,531 $9,898 $125,429
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 $6,403,027 $5,135,456 $6,215,939 $1,267,571
2022 $5,891,073 $4,997,311 $5,054,420 $893,762
2021 $5,997,553 $5,200,200 $4,103,650 $797,353
2020 $5,390,544 $4,740,740 $3,285,809 $649,804
2019 $5,136,487 $5,047,519 $2,539,720 $88,968
2018 $6,112,343 $6,157,502 $2,977,580 $-45,159
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