WORKFORCE DEVELOPMENT BOARD OF EASTERN ARKANSAS

EIN: 710840597 501(c)(3) Employment

WEST MEMPHIS, AR

Total Revenue
$1,030,172
Total Expenses
$1,028,152
Total Assets
$105,937
Net Assets
$29,360
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
AR
Principal Officer
HEATHER PIPKIN
Phone
8707330601
Tax Period
2021-07-01 to 2022-06-30

WORKFORCE DEVELOPMENT BOARD OF EASTERN ARKANSAS, founded in 2000, is a community nonprofit in the Employment sector that reported $1.8M in total revenue in fiscal year 2020. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ASSISTANCE TO DISPLACED WORKERS.

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Trantor Score

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $1,028,132
Program Service Revenue $2,040
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,030,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $824,817
Fundraising Expenses $0
Program Expenses $1,028,152
Other Expenses $203,335
TOTAL EXPENSES $1,028,152

Year-over-Year Comparison

2021 2020 Change
Revenue $1,030,172 $1,763,558 -0.4%
Expenses $1,028,152 $1,752,468 -0.4%
Net Income $2,020 $11,090 -0.8%
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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Governance

Voting Members
17
Independent Members
17
Employees
48
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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDERIC SMITH CHAIR 40.00
Officer
$0 $0 $0
FRED LEONARD VICE CHAIR 20.00
Officer
$0 $0 $0
CEDRIC WILLIAMS SECRETARY 4.00
Officer
$0 $0 $0
TIM THRONE COMMITTEE ME 2.00
Director
$0 $0 $0
KAREN BREASHEARS CHAIR (ONE S 40.00
Director
$0 $0 $0
CALLIE DUNAVIN MEMBER (ONE 2.00
Director
$0 $0 $0
DONYELLE HAMPTON MEMBER (ONE 2.00
Director
$0 $0 $0
EVERETT ADAMSON MEMBER (ONE 40.00
Director
$0 $0 $0
BENNY MCDOWELL MEMBER (ONE 2.00
Director
$0 $0 $0
JOE ST COLUMBIA CHAIR (DISAB 40.00
Director
$0 $0 $0
AMBER NEAL MEMBER (DISA 2.00
Director
$0 $0 $0
CYNTHIA ALEXANDER MEMBER (YOUT 2.00
Director
$0 $0 $0
JAY SOUTHARD MEMBER (YOUT 2.00
Director
$0 $0 $0
JUDGE WOODY WHEELESS CHAIR (TASKF 40.00
Director
$0 $0 $0
MAYOR JENNIFER HOBBS MEMBER (TASK 2.00
Director
$0 $0 $0
JUDGE TERRY SANEFER MEMBER (TASK 2.00
Director
$0 $0 $0
JUDGE LYNN BLAKE MEMBER (TASK 2.00
Director
$0 $0 $0
HEATHER PIPKIN EXECUTIVE DI 40.00
Officer
$0 $0 $0
FRANCES TRIBBLE-ADAMS FINANCE MANA 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
2022 $1,030,172 $1,028,152 $105,937 $2,020
2021 $1,825,228 $1,783,578 $117,292 $41,650
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