THE DEGEN FOUNDATION

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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

1983

Legal Domicile

Principal Officer

THOMAS WEBB

Phone

4793082243

Tax Period

2024-07-01 to 2025-06-30

THE DEGEN FOUNDATION, founded in 1983, is a small nonprofit in the Health Care sector that reported $966K in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. Expenses of $907K left a modest 6% surplus.

Mission

TO PROMOTE AND DEVELOP ACCESS TO AND DELIVERY OF HEALTHCARE SERVICES IN WESTERN ARKANSAS AND EASTERN OKLAHOMA, TO IMPROVE THE QUALITY AND AVAILABILITY OF HEALTHCARE SERVICES, TO FACILITATE AND PROMOTE HEALTHCARE EDUCATION, TO AID AND SUPPORT ESTABLISHED RELIGIOUS OR CHARITABLE ORGANIZATIONS, AND TO SUPPORT AND FACILITATE AS A SUPPORTING ORGANIZATION THE EDUCATIONAL MISSION OF THE ARKANSAS COLLEGES OF HEALTHCARE EDUCATION AND THE UNITED WAY OF FORT SMITH AREA, INC.

Program Service Accomplishments

Program 1

Expenses: $754,540

THE ORGANIZATION WAS FORMED TO ADMINISTER GIFTS IN SUPPORT OF SPARKS HEALTH SYSTEM AND TO PROMOTE THE HEALTHCARE SERVICES OF SPARKS HEALTH SYSTEM AS A SUPPORTING ORGANIZATION. SPARKS HEALTH SYSTEM...

THE ORGANIZATION WAS FORMED TO ADMINISTER GIFTS IN SUPPORT OF SPARKS HEALTH SYSTEM AND TO PROMOTE THE HEALTHCARE SERVICES OF SPARKS HEALTH SYSTEM AS A SUPPORTING ORGANIZATION. SPARKS HEALTH SYSTEM ASSETS WERE SOLD 11/30/2009 AND THE ORGANIZATION WILL ASSIST IN DISTRIBUTING, WHEN NEEDED, THE PROCEEDS FROM THE SALE IN SUPPORT OF CHARITABLE 501(C)3 ORGANIZATIONS IN WESTERN ARKANSAS AND EASTERN OKLAHOMA. ON APRIL 18, 2014 THE BOARD OF SPARKS PASSED A RESOLUTION TO CONTRIBUTE UP TO $50,000,000 AS A RESTRICTED CONTRIBUTION IN SUPPORT OF DEVELOPING AN INSTITUTION OF HEALTH EDUCATION. THE ARKANSAS COLLEGES OF HEALTH EDUCATION (ACHE) WAS ORGANIZED AND THE BALANCE OF THE SPARKS FUNDS WERE TRANSFERRED TO ACHE IN SEPTEMBER 2017. IN JUNE 2019, THE DEGEN BOARD VOTED TO BECOME A SUPPORTING ORGANIZATION TO ACHE WHILE CONTINUING TO FUND LOCAL AND RELIGIOUS HEALTHCARE RELATED TO 501(C)3 ORGANIZATIONS AND HEALTHCARE RELATED STUDENT SCHOLARSHIPS. DURING THE YEAR ENDED JUNE 30, 2024, THE UNITED WAY OF FORT SMITH AREA, INC. WAS ADDED AS A SUPPORTED ORGANIZATION OF THE DEGEN FOUNDATION.

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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 $0

Program Service Revenue $0

Investment Income $965,737

Other Revenue $30

TOTAL REVENUE $965,767

Expense Breakdown

Grants Paid $754,540

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $754,540

Other Expenses $152,050

TOTAL EXPENSES $906,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$965,767	$489,107	+1.0%
Expenses	$906,590	$1,157,647	-0.2%
Net Income	$59,177	$-668,540	-1.1%

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

$26,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN PHARIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN R TAYLOR	TREASURER	1.00	Officer Director	$0	$0	$0
BENNY GOODEN EDD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT COOPER	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
AMY MENDENHALL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BEAUCHAMP	DIRECTOR	1.00	Director	$0	$0	$0
MITZY LITTLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CARLY S MARSHALL	SECRETARY	1.00	Officer Director	$0	$0	$0
AUDRA JACKSON MD	DIRECTOR	1.00	Director	$0	$0	$0
DR JUSTIN VORIS	DIRECTOR	1.00	Director	$0	$0	$0
PAYNE HALL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HERRERA	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN OXFORD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS WEBB	EXECUTIVE DIRECTOR	1.00	Officer	$26,450	$0	$26,450

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	$965,767	$906,590	$14,818,699	$59,177
2024	No data	No data	No data	No data
2023	$774,095	$587,883	$13,857,942	$186,212
2022	$4,463,025	$625,690	$13,382,572	$3,837,335
2021	$926,469	$544,627	$14,597,803	$381,842