CONWAY DEVELOPMENT CORPORATION (EIN 710405994) - 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

1969

Legal Domicile

Principal Officer

BRAD LACY

Phone

5013297788

Tax Period

2023-01-01 to 2023-12-31

CONWAY DEVELOPMENT CORPORATION, founded in 1969, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2018. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $682K, a strong 22% operating margin.

Mission

ENHANCE INDUSTRY OPPORTUNITIES IN CONWAY, AR THROUGH ECONOMIC DEVELOPMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $111,000

Program Service Revenue $1,239,079

Investment Income $9,163,595

Other Revenue $496,006

TOTAL REVENUE $11,009,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $913,342

Fundraising Expenses $0

Program Expenses $5,644,163

Other Expenses $5,944,540

TOTAL EXPENSES $6,857,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,009,680	$1,694,578	+5.5%
Expenses	$6,857,882	$1,975,754	+2.5%
Net Income	$4,151,798	$-281,176	-15.8%

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

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

Total Directors

Key Employees

$541,208

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL ADKISSON	CHAIRMAN	10.00	Director	$0	$0	$0
JERRY ADAMS	VICE CHAIRMAN	10.00	Director	$0	$0	$0
RONNIE WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
MARK FERGUSON	DIRECTOR	5.00	Director	$0	$0	$0
EDDIE GLOVER	DIRECTOR	5.00	Director	$0	$0	$0
BRAD HEGEMAN	DIRECTOR	5.00	Director	$0	$0	$0
JOHNNY ADAMS	DIRECTOR	5.00	Director	$0	$0	$0
BRET CARROLL	DIRECTOR	5.00	Director	$0	$0	$0
JEFF STANDRIDGE	DIRECTOR	5.00	Director	$0	$0	$0
BUNNY ADCOCK	DIRECTOR	5.00	Director	$0	$0	$0
JIM RANKIN	DIRECTOR	5.00	Director	$0	$0	$0
SCOTTY BELL	DIRECTOR	5.00	Director	$0	$0	$0
BART CASTLEBERRY	DIRECTOR	5.00	Director	$0	$0	$0
MARY WARD	DIRECTOR	5.00	Director	$0	$0	$0
DREW GAINOR	DIRECTOR	5.00	Director	$0	$0	$0
KAREN GARRETT	DIRECTOR	5.00	Director	$0	$0	$0
DR HOUSTON DAVIS	DIRECTOR	5.00	Director	$0	$0	$0
BRAD LACY	SECRETARY/TREASURER	40.00	Key Emp	$316,704	$0	$316,704
JOHN-LEWIS J GATES	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$224,504	$0	$224,504
LAURA GRIMES	CHIEF FINANCIAL OFFICER	40.00	Highest	$157,369	$0	$157,369
COREY PARKS	CHIEF ECONOMIC DEVELOPMENT OFFICER	40.00	Highest	$152,975	$0	$152,975

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
2023	$11,009,680	$6,857,882	$34,225,498	$4,151,798
2022	$1,694,578	$1,975,754	$34,094,467	$-281,176
2021	$2,618,276	$2,184,624	$35,111,727	$433,652
2020	$1,134,130	$1,845,568	$35,653,244	$-711,438
2019	$1,228,312	$1,747,066	$36,733,040	$-518,754
2018	$3,040,892	$2,359,373	$37,570,091	$681,519

CONWAY DEVELOPMENT CORPORATION