ARKANSAS TOURISM DEVELOPMENT FOUND… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

KAREN TREVINO

Phone

5015518298

Tax Period

2024-07-01 to 2025-06-30

ARKANSAS TOURISM DEVELOPMENT FOUNDATION, founded in 1977, is a small nonprofit that reported $257K in total revenue in fiscal year 2024. Expenses of $233K left a modest 9% surplus.

Mission

PROMOTE TOURISM IN THE STATE OF ARKANSAS BY ASSISTING THE ARKANSAS DEPARTMENT OF PARKS AND TOURISM IN THE PROMOTION AND DEVELOPMENT OF A STRONG TOURISM PROGRAM AND BY PROVIDING FUNDING TO PROJECTS FOR WHICH STATE TAX RECEIPTS ARE INADEQUATE OR UNOBTAINABLE.

Program Service Accomplishments

Program 1

THE GOVERNOR'S CONFERENCE IS HELD TO ACQUAINT PEOPLE IN THE TOURISM INDUSTRY WITH ARKANSAS. THE CONFERENCE BRINGS TOGETHER REPRESENTATIVES FROM THE STATE'S HOTELS, RESTAURANTS, COMMUNITIES AND...

THE GOVERNOR'S CONFERENCE IS HELD TO ACQUAINT PEOPLE IN THE TOURISM INDUSTRY WITH ARKANSAS. THE CONFERENCE BRINGS TOGETHER REPRESENTATIVES FROM THE STATE'S HOTELS, RESTAURANTS, COMMUNITIES AND ATTRACTIONS TO FOCUS ON INCREASING TOURISM.

Program 2

VARIOUS PROJECTS TO PROMOTE TOURISM IN ARKANSAS, WHICH INCLUDES THE WELCOME TO ARKANSAS PROGRAM, PARTNERS IN TOURISM EXPENSE, AND OTHERS.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,500

Program Service Revenue $243,814

Investment Income $8,716

Other Revenue $0

TOTAL REVENUE $257,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $233,390

TOTAL EXPENSES $233,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,030	$259,856	0.0%
Expenses	$233,390	$153,372	+0.5%
Net Income	$23,640	$106,484	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENA GEMBERLING	TREASURER	1.00	Officer Director	$0	$0	$0
KALENE GRIFFITH	SECRETARY	1.00	Officer Director	$0	$0	$0
CHET PATEL	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM SHAMBURGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN TREVINO	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL BARNES	EX OFFICIO	1.00	Director	$0	$0	$0
DARIN GRAY	EX OFFICIO	1.00	Director	$0	$0	$0
MATT BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
WESTON LEWEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM JACOBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELBY WOODS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD HANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL HENLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT MOYER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE DEVITO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARYL PURVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
TONYA SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN RALSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANIE GLOVER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID EGLESTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CLINT GASTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOY BLANKENSHIP	BOARD MEMBER	1.00	Director	$0	$0	$0
AUSTIN ALBERS	BOARD MEMBER	1.00	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	$257,030	$233,390	$563,866	$23,640
2024	No data	No data	No data	No data
2023	$242,959	$146,448	$351,587	$96,511
2022	$202,613	$160,858	$255,076	$41,755
2021	$38,992	$89,650	$213,321	$-50,658
2020	$181,177	$213,502	$265,619	$-32,325
2019	$227,050	$165,746	$296,304	$61,304
2018	$229,315	$209,347	$235,000	$19,968

ARKANSAS TOURISM DEVELOPMENT FOUNDATION