ROGERS INDUSTRIAL DEVELOPMENT CORP… - 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

1959

Legal Domicile

Principal Officer

RAYMOND BURNS

Phone

4796361240

Tax Period

2024-02-01 to 2025-01-31

ROGERS INDUSTRIAL DEVELOPMENT CORP #2, founded in 1959, is a small nonprofit that reported $322K in total revenue in fiscal year 2024. The organization ran a surplus of $78K, a strong 24% operating margin.

Mission

WORK TOWARD OBTAINING NEW INDUSTRY AND INCREASING EXISTING INDUSTRIES FOR THE ROGERS ARKANSAS AREA. ASSIST POTENTIAL INDUSTRIES IN OBTAIING LAND AND FINANCING.

Program Service Accomplishments

Program 1

Expenses: $243,785 Revenue: $321,530

WORK TOWARD OBTAINING NEW INDUSTRY AND INCREASING EXISTING INDUSTRIES FOR THE ROGERS ARKANSAS AREA. ASSIST POTENTIAL INDUSTRIES IN OBTAINING LAND AND FINANCING.

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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 $0

Program Service Revenue $0

Investment Income $321,530

Other Revenue $0

TOTAL REVENUE $321,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,785

Other Expenses $243,785

TOTAL EXPENSES $243,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,530	N/A	N/A
Expenses	$243,785	$15,292	+14.9%
Net Income	$77,745	$-15,292	-6.1%

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

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
ROB BOAZ	MEMBER	1.00	Director	$0	$0	$0
GREG HINES	MEMBER	1.00	Director	$0	$0	$0
JERRY VEST	PRESIDENT	1.00	Officer	$0	$0	$0
TOM HOPPER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
RAYMOND BURNS	SECRETARY/TREASURER	1.00	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
2025	$321,530	$243,785	$394,361	$77,745

ROGERS INDUSTRIAL DEVELOPMENT CORP #2