ARKANSAS HOSPITALITY ASSOCIATION I… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1944

Legal Domicile

Principal Officer

KATIE BECK

Phone

5013762323

Tax Period

2023-01-01 to 2023-12-31

ARKANSAS HOSPITALITY ASSOCIATION INC, founded in 1944, is a small nonprofit that reported $530K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $646K exceeded revenue, resulting in a 22% operating deficit.

Mission

ARKANSAS HOSPITALITY ASSOCIATION SEEKS TO REPRESENT THE HOSPITALITY INDUSTRY OF ARKANSAS BEFORE THE GENERAL ASSEMBLY AND OTHER GOVERNMENT AGENCIES; PROMOTE THE PUBLIC AWARENESS OF THE CONTRIBUTIONS OF THE HOSPITALITY INDUSTRY WITHIN THE STATE; FACILITATE SPECIALLY DISCOUNTED BENEFITS FOR MEMBERS; OFFER TRAINING PROGRAMS ON FOOD AND ALCOHOL SAFETY TO BUILD THE FUTURE OF THE INDUSTRY; AND SPONSOR THE STATE'S LARGEST TRADE SHOW HIGHLIGHTING THE LATEST IN TECHNOLOGY AND SERVICES REQUIRED IN THE HOSPITALITY INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $336,796 Revenue: $75,125

SPONSORSHIP OF TRADE SHOWS AND CONVENTIONS TO PROMOTE THE HOSPITALITY INDUSTRY WITHIN THE STATE OF ARKANSAS.

Program 2

Expenses: $28,441 Revenue: $188,196

SPONSORSHIP OF SEMINARS ON PROPER FOOD PREPARATION TECHNIQUES TO RESTAURANTS & OTHER FOOD SERVICE INDUSTRIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $241,146

Program Service Revenue $263,321

Investment Income $802

Other Revenue $24,285

TOTAL REVENUE $529,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,852

Fundraising Expenses $0

Program Expenses $365,237

Other Expenses $329,816

TOTAL EXPENSES $645,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$529,554	$613,776	-0.1%
Expenses	$645,668	$543,318	+0.2%
Net Income	$-116,114	$70,458	-2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$115,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE BECK	CEO	45.00	Officer	$115,000	$0	$115,000
DUSTI YARBER	ALA VP	0.00	Officer Director	$0	$0	$0
KRAIG POMRENKE	ALA TREASURER	0.00	Officer Director	$0	$0	$0
GARY PATEL	ALA SECRETARY	0.00	Officer Director	$0	$0	$0
JIM JACKSON	ATC SEC/TREASUR	0.00	Officer Director	$0	$0	$0
DREW WEBER	ARA SEC/TREASUR	0.00	Officer Director	$0	$0	$0
KEN VAUGHAN	ARA PRESIDENT	0.00	Officer Director	$0	$0	$0
VINCE SCHALLENBERG	ARA VP	0.00	Officer Director	$0	$0	$0
MICHAEL SINDELAR	ALA PRESIDENT	0.00	Officer Director	$0	$0	$0
JR SHAW	ATC PRESIDENT	0.00	Officer Director	$0	$0	$0
MOLLY RAWN	ATC VP	0.00	Officer 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
2024	No data	No data	No data	No data
2023	$529,554	$645,668	$565,686	$-116,114
2022	$613,776	$543,318	$686,351	$70,458
2021	$688,427	$614,491	$751,310	$73,936
2020	$475,762	$455,710	$533,235	$20,052

ARKANSAS HOSPITALITY ASSOCIATION INC