SEARCY REGIONAL ECONOMIC DEVELOPMEN

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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

1955

Legal Domicile

Principal Officer

ADAM HART

Phone

9032534833

Tax Period

2025-01-01 to 2025-12-31

SEARCY REGIONAL ECONOMIC DEVELOPMEN, founded in 1955, is a small nonprofit that reported $446K in total revenue in fiscal year 2025. The organization ran a surplus of $175K, a strong 39% operating margin.

Mission

TO PROMOTE GROWTH IN EXISTING INDUSTRY AND RECRUIT NEW INDUSTRIES FOR THE BENEFIT OF THE CITY OF SEARCY ARKANSAS

Program Service Accomplishments

Program 1

TO PROMOTE GROWTH IN EXISTING INDUSTRY AND RECRUIT NEW INDUSTRIES FOR THE BENEFIT OF THE CITY OF SEARCY ARKANSAS

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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 (2025)

Revenue Breakdown

Contributions & Grants $12,000

Program Service Revenue $277,721

Investment Income $156,066

Other Revenue $0

TOTAL REVENUE $445,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,289

Fundraising Expenses $0

Other Expenses $111,713

TOTAL EXPENSES $271,002

Year-over-Year Comparison

	2025	2024	Change
Revenue	$445,787	N/A	N/A
Expenses	$271,002	N/A	N/A
Net Income	$174,785	N/A	N/A

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

N/A

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
LISA BROWN	BOARD MEMBER	N/A	Director	$0	$0	$0
STEVEN COLLIER	BOARD MEMBER	N/A	Director	$0	$0	$0
STUART DALRYMPLE	BOARD MEMBER	N/A	Director	$0	$0	$0
MAT FAULKNER	BOARD MEMBER	N/A	Director	$0	$0	$0
LADONNA JOHNSTON	BOARD MEMBER	N/A	Director	$0	$0	$0
STEVE LIGHTLE	VICE CHAIRMA	N/A	Director	$0	$0	$0
WILL MOORE	BOARD MEMBER	N/A	Director	$0	$0	$0
TINA NOVAK	BOARD MEMBER	N/A	Director	$0	$0	$0
NATHAN RUTLEDGE	SECRETARY	N/A	Director	$0	$0	$0
KELLY STANLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
DARRELL WELCH	PRESIDENT	40.00	Director	$0	$0	$0
MIKE WILLIAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
ADAM HART	CHAIRMAN	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
2025	$445,787	$271,002	$3,692,393	$174,785
2024	$483,415	$402,515	$3,517,598	$80,900
2023	$98,313	$180,875	$3,368,791	$-82,562
2022	$1,186,211	$143,263	$3,449,624	$1,042,948
2021	$92,792	$88,237	$2,433,774	$4,555
2020	$8,495	$156,765	$2,408,865	$-148,270
2019	$590,760	$132,211	$2,539,305	$458,549
2018	$108,613	$75,205	$2,080,516	$33,408