OUACHITA PARTNERSHIP FOR ECONOMIC … - 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

2000

Legal Domicile

Principal Officer

JAMES LEE SILLIMAN

Phone

8708362210

Tax Period

2023-01-01 to 2023-12-31

OUACHITA PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $320K in total revenue in fiscal year 2023. The organization ran a surplus of $55K, a strong 17% operating margin.

Mission

PROMOTE ECONOMIC DEVELOPMENT IN OUACHITA AND WESTERN CALHOUN COUNTIES, ARKANSAS

Program Service Accomplishments

Program 1

OPED IMPLEMENTED ITS PLAN TO IMPROVE THE ECONOMIC ENVIRONMENT FOR ALL RESIDENTS OF OUACHITA COUNTY BY PROMOTING, ASSISTING AND ENHANCING ECONOMIC DEVELOPMENT ACTIVITIES WITHIN OUACHITA COUNTY. OPED PROVIDED $76,200 IN INCENTIVES DURING 2023 TO LOCAL BUSINESSES TO HELP MAINTAIN AND EXPAND THEIR WORKFORCES.

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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 $4,625

Program Service Revenue $310,000

Investment Income $5,625

Other Revenue $0

TOTAL REVENUE $320,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,205

Fundraising Expenses $0

Other Expenses $128,706

TOTAL EXPENSES $264,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$320,250	$320,146	+0.0%
Expenses	$264,911	$275,844	0.0%
Net Income	$55,339	$44,302	+0.2%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM GOLDEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL SHELTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KARMEN HOUSE	SECRETARY	1.00	Officer Director	$0	$0	$0
NICK TURBERVILLE	TREASURER	1.00	Officer Director	$0	$0	$0
MANPREET KANG	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
MARK SMITH	DIRECTOR	1.00	Director	$0	$0	$0
RILEY GILLIAM	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCHAFFITZEL	DIRECTOR	1.00	Director	$0	$0	$0
ROBBIE MCADOO	DIRECTOR	1.00	Director	$0	$0	$0
JIM DICK COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES LEE SILLIMAN	EXECUTIVE DIRECTOR	40.00	Officer	$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	No data	No data	No data	No data
2023	$320,250	$264,911	$432,200	$55,339
2022	$320,146	$275,844	$375,557	$44,302
2021	$299,837	$256,950	$333,503	$42,887
2020	$217,198	$384,195	$291,398	$-166,997
2019	$250,572	$239,680	$458,399	$10,892
2018	$164,176	$265,319	$454,475	$-101,143

OUACHITA PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC