SEARCY REGIONAL ECONOMIC DEVELOPMEN

EIN: 716057382

SEARCY, AR

Total Revenue
$445,787
Total Expenses
$271,002
Total Assets
$3,692,393
Net Assets
$3,692,183
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
AR
Principal Officer
ADAM HART
Phone
9032534833
Tax Period
2025-01-01 to 2025-12-31

Searcy Regional Economic Development Cor co of Searcy Chamber of Commerce is a small nonprofit that reported $109K in total revenue in fiscal year 2018. Revenue surged 1112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 31% operating margin.

Mission

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 & 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 (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

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Governance

Voting Members
13
Independent Members
N/A
Employees
1
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
1
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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