NORTHWEST ARKANSAS COUNCIL

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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

1990

Legal Domicile

Principal Officer

MIKE HARVEY

Phone

4795822100

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST ARKANSAS COUNCIL, founded in 1990, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 9% surplus.

Mission

PROMOTION OF THE GROWTH, VITALITY, AND DEVELOPMENT OF NORTHWEST ARKANSAS AND ITS PEOPLE, CONCENTRATING ON WORKFORCE DEVELOPMENT, REGIONAL STEWARDSHIP, INFRASTRUCTURE, AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $1,332,110 Revenue: $484,185

ESTABLISHED BY SAM WALTON, DON TYSON, J.B. HUNT AND OTHER BUSINESS LEADERS, WE ARE A PRIVATE, NONPROFIT ORGANIZATION WORKING TO ADVANCE JOB OPPORTUNITIES, TALENT RECRUITMENT, PHYSICAL INFRASTRUCTURE, HEALTH CARE AND QUALITY OF LIFE. MOST OF THE COUNCIL'S MORE THAN 100 MEMBERS ARE COMPANIES, INCLUDING WALMART, TYSON FOODS, J.B. HUNT TRANSPORT SERVICES, INC., SIMMONS FOODS AND GEORGE'S, INC.OVER THE YEARS, WE SUPPORTED THE DEVELOPMENT OF NEW ROADS AND THRIVING DOWNTOWN SQUARES AND HELPED SHAPE CULTURAL DESTINATIONS LIKE CRYSTAL BRIDGES MUSEUM OF AMERICAN ART, WALMART AMP, ARVEST BALLPARK, SCOTT FAMILY AMAZEUM, THE MOMENTARY, WALTON ARTS CENTER, THEATRESQUARED, UNIVERSITY OF ARKANSAS AND THE RAZORBACK REGIONAL GREENWAY. THERE'S MORE ON THE HORIZON, FROM THE LAKE FRANCES WATER PARK NEAR SILOAM SPRINGS TO THE RAMBLE IN DOWNTOWN FAYETTEVILLE.THE COUNCIL IS CURRENTLY FOCUSING IT'S EFFORTS IN THE FOLLOWING AREA: ARTS & CULTURE, BELONGING & BRIDGING, ECONOMIC DEVELOPMENT, ENTREPRENEURSHIP, HEALTH CARE,, HOUSING, INFRASTRUCTURE, ONWARD OZARKS, RECYCLING, REGIONAL GROWTH, TALENT ATTRACTION AND WORKFORCE DEVELOPMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $972,630

Program Service Revenue $484,185

Investment Income $8,836

Other Revenue $0

TOTAL REVENUE $1,465,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $586,033

Fundraising Expenses $0

Program Expenses $1,332,110

Other Expenses $746,076

TOTAL EXPENSES $1,332,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,465,651	$2,222,532	-0.3%
Expenses	$1,332,109	$3,873,711	-0.7%
Net Income	$133,542	$-1,651,179	-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

$775,881

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK HOBBS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
TODD SIMMONS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JIM WALTON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
MARSHALL SAVIERS	VICE CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
CANEM ARKAN	MEMBER	1.00	Director	$0	$0	$0
DONNA MORRIS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES ROBINSON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
SHANNON HENDRIX	MEMBER	1.00	Director	$0	$0	$0
JANE DUKE	MEMBER	1.00	Director	$0	$0	$0
CARTER MALLOY	MEMBER	1.00	Director	$0	$0	$0
JOHN RANDAL TYSON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ARTHUR HULBERT	MEMBER	1.00	Director	$0	$0	$0
SHANNON JONES	MEMBER	1.00	Director	$0	$0	$0
NELSON E PEACOCK	EXECUTIVE DIRECTOR	40.00	Officer	$0	$32,229	$494,681
MIKE HARVEY	CHIEF OPERATING OFFICER	40.00	Officer	$0	$19,446	$281,200
ROBERT SMITH	POLICY DIRECTOR	40.00	Highest	$0	$15,649	$182,479

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	No data	No data	No data	No data
2023	$1,465,651	$1,332,109	$1,050,503	$133,542
2022	$2,222,532	$3,873,711	$856,512	$-1,651,179
2021	$3,116,035	$1,842,506	$2,933,760	$1,273,529
2020	$1,495,897	$2,103,609	$1,731,513	$-607,712
2019	$1,510,313	$740,941	$2,392,514	$769,372
2018	$328,270	$271,723	$1,182,255	$56,547