ARKANSAS ECONOMIC DEVELOPMENT FOUNDATION (EIN 742390527) - Form 990 Financial Analysis & Trantor Score

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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

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 $193K in total revenue in fiscal year 2018. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $44K, a strong 23% 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

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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%)

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
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

ARKANSAS ECONOMIC DEVELOPMENT FOUNDATION