ARKANSAS ECONOMIC DEVELOPMENT FOUNDATION

EIN: 742390527

LITTLE ROCK, AR

Total Revenue
$401,488
Total Expenses
$258,218
Total Assets
$960,795
Net Assets
$939,891
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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
AR
Principal Officer
GUS VRATSINAS
Phone
5016645434
Tax Period
2023-01-01 to 2023-12-31

ARKANSAS ECONOMIC DEVELOPMENT FOUNDATION, founded in 1955, is a small nonprofit that reported $401K in total revenue in fiscal year 2023. The organization ran a surplus of $143K, a strong 36% operating margin.

Mission

SUPPLEMENT APPROPRIATIONS BY THE STATE LEGISLATURE FOR DEVELOPMENT OF THE STATE'S RESOURCES AND ATTRACTING NEW BUSINESSES TO THE STATE OF ARKANSAS.

Program Service Accomplishments

Program 1
Expenses: $219,696

ORGANIZED SEVERAL EVENTS TO ATTRACT PROSPECTIVE BUSINESSES, AND PROMOTE ECONOMIC DEVELOPMENT IN 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $423,950
Program Service Revenue $0
Investment Income $29,888
Other Revenue $-52,350
TOTAL REVENUE $401,488

Expense Breakdown

Grants Paid $62,500
Salaries & Benefits $0
Fundraising Expenses $16,025
Program Expenses $219,696
Other Expenses $195,718
TOTAL EXPENSES $258,218

Year-over-Year Comparison

2023 2022 Change
Revenue $401,488 $403,205 0.0%
Expenses $258,218 $319,030 -0.2%
Net Income $143,270 $84,175 +0.7%
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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GUS VRATSINAS PRESIDENT 2.00
Officer Director
$0 $0 $0
FRANK THOMAS VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
MIKE AKIN BOARD MEMBER 0.00
Director
$0 $0 $0
ALEC FARMER BOARD MEMBER 0.00
Director
$0 $0 $0
MARK YOUNG SECRETARY 1.00
Officer Director
$0 $0 $0
ARCHIE SCHAFFER III BOARD MEMBER 0.00
Director
$0 $0 $0
MICHAEL LINDSEY BOARD MEMBER 0.00
Director
$0 $0 $0
WILLIAM ROCKEFELLER BOARD MEMBER 0.00
Director
$0 $0 $0
LANG ZIMMERMAN BOARD MEMBER 0.00
Director
$0 $0 $0
MIKE CARROLL TREASURER 1.00
Officer Director
$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 $401,488 $258,218 $960,795 $143,270
2022 $403,205 $319,030 $827,243 $84,175
2021 $57,302 $270,352 $752,051 $-213,050
2020 $368,519 $162,363 $973,405 $206,156
2019 $473,755 $317,210 $730,761 $156,545
2018 $193,386 $149,857 $578,810 $43,529
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