CROSSETT ECONOMIC DEV FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

JAMES MICHAEL SMITH

Phone

8703648745

Tax Period

2023-01-01 to 2023-12-31

CROSSETT ECONOMIC DEV FOUNDATION, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $973K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $938K left a modest 4% surplus.

Mission

PROVIDE ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF CROSSETT, ARKANSAS, AND TO GENERALLY PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF CROSSETT AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $40,154 Revenue: $438,690

PROVIDED ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF CROSSETT, ARKANSAS, AND TO GENERALLY PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF CROSSETT ADN SURROUNDING AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $438,690

Investment Income $8,727

Other Revenue $525,985

TOTAL REVENUE $973,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,050

Fundraising Expenses $0

Program Expenses $725,469

Other Expenses $765,883

TOTAL EXPENSES $937,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$973,402	$605,801	+0.6%
Expenses	$937,933	$538,095	+0.7%
Net Income	$35,469	$67,706	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD BEATY	PRESIDENT	N/A	Director	$0	$0	$0
PHIL GILMORE	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES KNIGHT	BOARD MEMBER	N/A	Director	$0	$0	$0
CRYSTAL MARSHALL	BOARD MEMBER	N/A	Director	$0	$0	$0
TOYCE NEWTON	BORAD MEMBER	N/A	Director	$0	$0	$0
DAN PEVY	VICE PRESIDE	N/A	Director	$0	$0	$0
JUSTIN REED	BOARD MEMBER	N/A	Director	$0	$0	$0
LINDA RUSHING	SECRETARY/ T	N/A	Director	$0	$0	$0
MANDY VICERS	BOARD MEMBER	N/A	Director	$0	$0	$0
LORI WALSH	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES MICHAEL SMITH	EXECUTIVE DI	N/A	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	$973,402	$937,933	$2,111,006	$35,469
2022	$605,801	$538,095	$2,370,204	$67,706
2021	$673,074	$622,464	$2,309,779	$50,610
2020	$529,954	$486,909	$2,202,442	$43,045
2019	$679,179	$848,594	$1,776,603	$-169,415
2018	$689,180	$796,979	$2,036,525	$-107,799