RIGGS EMPLOYEE'S FUND

EIN: 710608123 501(c)(3)

LITTLE ROCK, AR

Total Revenue
$343,172
Total Expenses
$345,058
Total Assets
$234,277
Net Assets
$234,277
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
AR
Principal Officer
JASON MCDONALD
Phone
5015703519
Tax Period
2024-01-01 to 2024-12-31

RIGGS EMPLOYEE'S FUND, founded in 1986, is a small nonprofit that reported $214K in total revenue in fiscal year 2018. Revenue decreased 17% compared to the prior year. Expenses of $192K left a modest 11% surplus.

Mission

MAKE CHARITABLE DONATIONS, PROVIDE SCHOLARSHIPS AND PROVIDE EMPLOYEE HARDSHIP ASSISTANCE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $341,094
Program Service Revenue $0
Investment Income $2,078
Other Revenue $0
TOTAL REVENUE $343,172

Expense Breakdown

Grants Paid $343,198
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $343,198
Other Expenses $1,860
TOTAL EXPENSES $345,058

Year-over-Year Comparison

2024 2023 Change
Revenue $343,172 $291,546 +0.2%
Expenses $345,058 $275,198 +0.3%
Net Income $-1,886 $16,348 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL BURKS TRUSTEE 0.00
Director
$0 $0 $0
JASON MCDONALD CHAIRMAN 0.00
Officer Director
$0 $0 $0
JUSTIN MONROE TRUSTEE 0.00
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 No data No data No data No data
2024 $343,172 $345,058 $234,277 $-1,886
2023 $291,546 $275,198 $236,163 $16,348
2022 $213,001 $238,494 $219,815 $-25,493
2021 $190,961 $203,317 $245,308 $-12,356
2020 $193,651 $238,083 $257,664 $-44,432
2019 $201,909 $193,265 $302,096 $8,644
2018 $214,368 $191,709 $293,452 $22,659
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