SOUTH ARKANSAS VENTURE ENTERPRISES INC

EIN: 710537626 Community Improvement

PINE BLUFF, AR

Total Revenue
$88,150
Total Expenses
$273,648
Total Assets
$2,812,609
Net Assets
$2,812,609
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
AR
Phone
8705361971
Tax Period
2024-01-01 to 2024-12-31

SOUTH ARKANSAS VENTURE ENTERPRISES INC, founded in 1979, is a micro nonprofit in the Community Improvement sector that reported $88K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $274K exceeded revenue, resulting in a 210% operating deficit.

Mission

THE RLF PROGRAM WAS CREATED TO ASSIST ELIGIBLE SMALL BUSINESSES IN ARKANSAS, ASHLEY, BRADLEY, CHICOT, CLEVELAND, DESHA, DREW, GRANT, JEFFERSON, AND LINCOLN COUNTIES BY PROVIDING GAP FINANCING WITH LOW INTEREST RATES AND FAVORABLE TERMS.

Program Service Accomplishments

Program 1
Expenses: $242,333 Revenue: $88,001

GRANTED OVER $714,000 WORTH OF LOANS FOR OUR DISTRICT AREA. DEVELOPMENT BY PROVIDING DEBT FINANCING TO BUSINESSES IN SOUTHEAST ARKANSAS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $88,001
Investment Income $149
Other Revenue $0
TOTAL REVENUE $88,150

Expense Breakdown

Grants Paid $6,701
Salaries & Benefits $12,357
Fundraising Expenses $0
Program Expenses $242,333
Other Expenses $254,590
TOTAL EXPENSES $273,648

Year-over-Year Comparison

2024 2023 Change
Revenue $88,150 $206,930 -0.6%
Expenses $273,648 $303,105 -0.1%
Net Income $-185,498 $-96,175 +0.9%
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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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
7

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
$111,081
Total Directors
8
$111,081
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGG REEP PRESIDENT 4.0
Officer Director
$0 $0 $0
JOE FAKOURI VICE PRESIDENT 4.0
Officer Director
$0 $0 $0
MACK BALL JR SECRETARY 4.0
Officer Director
$0 $0 $0
PATRECIA HARGROVE TREASURER AND Executive Director 4.0
Officer Director
$0 $0 $111,081
CODY HOLLIS BOARD MEMBER 4.0
Director
$0 $0 $0
NEAL MAYNARD BOARD MEMBER 4.0
Director
$0 $0 $0
PAUL CARTER BOARD MEMBER 4.0
Director
$0 $0 $0
SAMMY OWEN BOARD MEMBER 1.0
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 $88,150 $273,648 $2,812,609 $-185,498
2023 $206,930 $303,105 $2,998,107 $-96,175
2022 $1,005,763 $207,627 $3,094,282 $798,136
2022 $1,005,763 $207,627 $3,094,282 $798,136
2021 $497,422 $17,382 $2,296,146 $480,040
2020 $175,119 $32,067 $1,816,106 $143,052
2019 $42,606 $204,623 $1,673,054 $-162,017
2018 $57,599 $59,795 $1,835,071 $-2,196
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