EAST ARKANSAS BUSINESS DEVELOPMENT… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

CHRIS BARBER

Phone

8709352871

Tax Period

2024-01-01 to 2024-12-31

EAST ARKANSAS BUSINESS DEVELOPMENT COUNCIL INC, founded in 1987, is a small nonprofit that reported $185K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $828K exceeded revenue, resulting in a 347% operating deficit.

Mission

TO ASSIST IN THE DEVELOPMENT OF BUSINESS IN THE EASTERN ARKANSAS AREA

Program Service Accomplishments

Program 1

Expenses: $700,477

JONESBORO UNLIMITED DIVISION - THE PURPOSES OF THE CORPORATION ARE TO ENGAGE IN ACTIVITIES DESIGNED TO ASSIST IN THE DEVELOPMENT OF BUSINESSES IN THE EASTERN ARKANSAS AREA; TO PROVIDE AND PROMOTE...

JONESBORO UNLIMITED DIVISION - THE PURPOSES OF THE CORPORATION ARE TO ENGAGE IN ACTIVITIES DESIGNED TO ASSIST IN THE DEVELOPMENT OF BUSINESSES IN THE EASTERN ARKANSAS AREA; TO PROVIDE AND PROMOTE EDUCATIONAL OPPORTUNITIES TO MEMBERS AND POTENTIAL MEMBERS OF THE WORK FORCE IN THE EASTERN ARKANSAS AREA; AND TO AID, ASSIST AND FOSTER THE DEVELOPMENT AND IMPROVEMENT OF JONESBORO, ARKANSAS, AND OTHER COMMUNITIES IN THE EASTERN ARKANSAS AREA, ALL SUCH ACTIVITIES TO BE PERFORMED EITHER ALONE OR IN A COOPERATION AND COORDINATION WITH GOVERNMENTAL AND CIVIC BODIES IN AN EFFORT TO COMBAT COMMUNITY DETERIORATION AND SECURE ADEQUATE COMMUNITY FACILITIES, SERVICES AND CONDITIONS, ECONOMIC AND OTHERWISE.

Program 2

Expenses: $51,800

EDUCATIONAL TRAINING DIVISION - APPROXIMATELY 12 LOCAL INDUSTRIES PARTICIPATE IN RETRAINING THEIR EXISTING WORKFORCES THROUGH CLASSES.

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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 $117,846

Program Service Revenue $2,000

Investment Income $65,465

Other Revenue $0

TOTAL REVENUE $185,311

Expense Breakdown

Grants Paid $51,800

Salaries & Benefits $402,361

Fundraising Expenses $0

Program Expenses $752,277

Other Expenses $374,302

TOTAL EXPENSES $828,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,311	$152,043	+0.2%
Expenses	$828,463	$650,042	+0.3%
Net Income	$-643,152	$-497,999	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CHRIS BARBER	CHAIRMAN	Director	$0	$0	$0
RODGER HURT	VICE CHAIRMAN	Director	$0	$0	$0
BRAD EDWARDS	TREASURER	Director	$0	$0	$0
MURRAY BENTON	BOARD	Director	$0	$0	$0
ALAN MORSE	BOARD	Director	$0	$0	$0
MARK YOUNG	BOARD	Officer Director	$0	$0	$0
JAMES BEST	BOARD	Director	$0	$0	$0
TONY SUPINE	BOARD	Director	$0	$0	$0
DAVID PEACOCK	SECRETARY	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	$185,311	$828,463	$3,650,958	$-643,152
2023	$152,043	$650,042	$4,262,449	$-497,999
2022	$2,491,023	$894,773	$4,552,650	$1,596,250
2021	$681,989	$643,402	$3,087,173	$38,587
2020	$76,789	$643,854	$2,998,930	$-567,065
2019	$109,055	$611,165	$3,507,640	$-502,110
2018	$175,530	$623,425	$3,966,044	$-447,895

EAST ARKANSAS BUSINESS DEVELOPMENT COUNCIL INC