THE DEGEN FOUNDATION

EIN: 710575827 501(c)(3) Health Care

FORT SMITH, AR

Total Revenue
$965,767
Total Expenses
$906,590
Total Assets
$14,818,699
Net Assets
$14,788,471
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
AR
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 $926K in total revenue in fiscal year 2020. Revenue surged 322% from the prior year, signaling strong growth momentum. The organization ran a surplus of $382K, a strong 41% operating margin.

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 AND 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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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 $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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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
5
$26,450
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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