ROGERS INDUSTRIAL DEVELOPMENT CORP #2

EIN: 716056688

ROGERS, AR

Total Revenue
$321,530
Total Expenses
$243,785
Total Assets
$394,361
Net Assets
$394,361
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
AR
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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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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

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Liquidity & Cash Position

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

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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