NORTH ARKANSAS COLLEGE FOUNDATION INC

EIN: 710486926 501(c)(3) Education

HARRISON, AR

Total Revenue
$1,535,780
Total Expenses
$694,884
Total Assets
$14,448,821
Net Assets
$8,608,474
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Legal Domicile
AR
Principal Officer
MELANIE SAVELLS
Phone
8703913216
Tax Period
2022-07-01 to 2023-06-30

NORTHARK FOUNDATION INC, founded in 1983, is a small nonprofit in the Education sector that reported $579K in total revenue in fiscal year 2017. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $178K, a strong 31% operating margin.

Mission

TO ENHANCE NORTH ARKANSAS COLLEGE PROGRAMS.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $625,545
Program Service Revenue $0
Investment Income $632,817
Other Revenue $277,418
TOTAL REVENUE $1,535,780

Expense Breakdown

Grants Paid $275,624
Salaries & Benefits $1,405
Fundraising Expenses $81,730
Program Expenses $566,171
Other Expenses $417,855
TOTAL EXPENSES $694,884

Year-over-Year Comparison

2022 2021 Change
Revenue $1,535,780 $380,066 +3.0%
Expenses $694,884 $343,078 +1.0%
Net Income $840,896 $36,988 +21.7%
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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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHY BRANDT DIRECTOR N/A
Director
$0 $0 $0
LESLIE EDDINGS DIRECTOR N/A
Director
$0 $0 $0
JOHN HAMMERSCHMIDT DIRECTOR N/A
Director
$0 $0 $0
JAY HERRIN DIRECTOR N/A
Director
$0 $0 $0
ANNE HUBBARD TREASURER N/A
Officer Director
$0 $0 $0
JERRY JACKSON DIRECTOR N/A
Director
$0 $0 $0
KEVIN JACKSON DIRECTOR N/A
Director
$0 $0 $0
BILL LOVELL DIRECTOR N/A
Director
$0 $0 $0
DAVE MORTON DIRECTOR N/A
Director
$0 $0 $0
LARRY PHILLIPS DIRECTOR N/A
Director
$0 $0 $0
JERRY PINSON DIRECTOR N/A
Director
$0 $0 $0
LAYNE RAGSDALE DIRECTOR N/A
Director
$0 $0 $0
PAT REED DIRECTOR N/A
Director
$0 $0 $0
MELANIE SAVELLS PRESIDENT N/A
Officer Director
$0 $0 $0
JIM SPROTT DIRECTOR N/A
Officer Director
$0 $0 $0
STEVE STAFFORD DIRECTOR N/A
Director
$0 $0 $0
RICHARD STIPE CFO N/A
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,535,780 $694,884 $14,448,821 $840,896
2022 $380,066 $343,078 $12,685,014 $36,988
2021 $1,789,559 $292,000 $9,628,431 $1,497,559
2020 $492,783 $295,558 $7,912,923 $197,225
2019 $716,433 $694,043 $7,453,054 $22,390
2018 $579,158 $401,545 $7,425,163 $177,613
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