JONESBORO ECONOMIC DEVELOPMENT CORP

EIN: 710586033

JONESBORO, AR

Total Revenue
$75,951
Total Expenses
$234,785
Total Assets
$8,502,431
Net Assets
$4,988,637
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
AR
Principal Officer
SLADE MITCHELL
Phone
8709326691
Tax Period
2025-01-01 to 2025-12-31

JONESBORO ECONOMIC DEVELOPMENT CORP, founded in 1956, is a small nonprofit that reported $334K in total revenue in fiscal year 2018. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $296K, a strong 89% operating margin.

Mission

TO ENCOURAGE AND PROMOTE THE ECONOMIC DEVELOPMENT OF JONESBORO.

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $975
Program Service Revenue $0
Investment Income $28,175
Other Revenue $46,801
TOTAL REVENUE $75,951

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80,103
Other Expenses $234,785
TOTAL EXPENSES $234,785

Year-over-Year Comparison

2025 2024 Change
Revenue $75,951 $98,511 -0.2%
Expenses $234,785 $241,111 0.0%
Net Income $-158,834 $-142,600 +0.1%
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
32
Independent Members
32
Employees
N/A
Volunteers
N/A

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
6
$0
Total Directors
32
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS BARBER MEMBER N/A
Director
$0 $0 $0
MAYOR HAROLD COPENHAVER EX-OFFICIO N/A
Director
$0 $0 $0
KEITH CRAGG EXECUTIVE CO N/A
Officer Director
$0 $0 $0
MARVIN DAY EX-OFFICIO N/A
Director
$0 $0 $0
MARK DONOVAN MEMBER N/A
Director
$0 $0 $0
JOHN FREEMAN MEMBER N/A
Director
$0 $0 $0
DR LEN FREY MEMBER N/A
Director
$0 $0 $0
GINA GOMEZ MEMBER N/A
Director
$0 $0 $0
BILL HARRISON MEMBER N/A
Director
$0 $0 $0
TIFFANY HOWTON EX-OFFICIO N/A
Director
$0 $0 $0
KEVIN HUFSTEDLER PRESIDENT N/A
Officer Director
$0 $0 $0
SAM HUMMELSTEIN MEMBER N/A
Director
$0 $0 $0
RODGER HURT MEMBER N/A
Director
$0 $0 $0
CASEY PEARCE CHAIR JRCC EX-OFFICIO N/A
Director
$0 $0 $0
DEANIA VANHOOZER CHAIR-ELECT JRCC EX-OFFICIO N/A
Director
$0 $0 $0
SAM LYND EXECUTIVE CO N/A
Officer Director
$0 $0 $0
JAKE RICE MANAGER EX-OFFICIO N/A
Director
$0 $0 $0
MARK MAYFIELD MEMBER N/A
Director
$0 $0 $0
SLADE MITCHELL SECRETARY/TR N/A
Officer Director
$0 $0 $0
AL M HERINGER III CHAIR NAIDC EX-OFFICIO N/A
Director
$0 $0 $0
CHAD NIELL MEMBER N/A
Director
$0 $0 $0
BEVERLY NIX VICE PRESIDE N/A
Officer Director
$0 $0 $0
GUY PATTESON MEMBER N/A
Director
$0 $0 $0
PHILLIP POSTON EXECUTIVE CO N/A
Officer Director
$0 $0 $0
ANTHONY M RAMPLEY MEMBER N/A
Director
$0 $0 $0
HEATH SIMPSON MEMBER N/A
Director
$0 $0 $0
GENE VANCE MEMBER N/A
Director
$0 $0 $0
JEREMY WATSON MEMBER N/A
Director
$0 $0 $0
KEN WIXSON MEMBER N/A
Director
$0 $0 $0
LINDA WOFFORD MEMBER N/A
Director
$0 $0 $0
LARRY WORSHAM MEMBER N/A
Director
$0 $0 $0
MARK YOUNG EX-OFFICIO N/A
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 $75,951 $234,785 $8,502,431 $-158,834
2024 $98,511 $241,111 $8,883,527 $-142,600
2023 $166,847 $234,868 $9,250,180 $-68,021
2022 $225,944 $584,159 $9,334,493 $-358,215
2021 $927,203 $306,924 $9,063,864 $620,279
2020 $1,454,956 $457,717 $4,381,380 $997,239
2019 $591,269 $251,178 $3,384,141 $340,091
2018 $333,606 $37,240 $3,044,050 $296,366
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