ARK-TEX REGIONAL DEVELOPMENT COMPANY (AT

EIN: 751857480

TEXARKANA, TX

Total Revenue
$66,368
Total Expenses
$58,650
Total Assets
$99,974
Net Assets
$99,168
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
TX
Principal Officer
MARY BETH RUDEL
Phone
9038328636
Tax Period
2023-10-01 to 2024-09-30

ARK-TEX REGIONAL DEVELOPMENT COMPANY (AT, founded in 1982, is a micro nonprofit that reported $66K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $59K left a modest 12% surplus.

Mission

THE ARK TEX REGIONAL DEVELOPMENT COMPANY IS ORGANIZED FOR THE PRIMARY PURPOSE AND OBJECTIVE OF FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE MEMBER COUNTIES AND THEIR ENVIRONS BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS. THE PRINCIPAL OBJECTIVES OF THE CORPORATION SHALL BE TO BENEFIT THE COMMUNITY BY FOSTERING THE INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE AREA.

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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 $0
Program Service Revenue $57,628
Investment Income $8,740
Other Revenue $0
TOTAL REVENUE $66,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,117
Fundraising Expenses $0
Other Expenses $25,533
TOTAL EXPENSES $58,650

Year-over-Year Comparison

2023 2022 Change
Revenue $66,368 $70,808 -0.1%
Expenses $58,650 $73,320 -0.2%
Net Income $7,718 $-2,512 -4.1%
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

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
7
Independent Members
7
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
6
$322,458
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENIS WASHINGTON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
FREDDIE TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
LD WILLIAMSON DIRECTOR 1.00
Director
$0 $0 $0
LORI YATES DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MALONE PRESIDENT 1.00
Officer Director
$0 $0 $0
PAM BONDS SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
CHRISTOPER BROWN 9923 TO PRESENT DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER BROWN UNTIL 9823 EXECUTIVE DIRECTOR (CEO) 40.00
Officer
$0 $12,699 $115,981
MARY BETH RUDEL EXECUTIVE DIRECTOR 40.00
Officer
$0 $12,920 $114,635
MELINDA TICKLE FINANCE MANAGER 40.00
Officer
$0 $11,992 $91,842
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 $66,368 $58,650 $99,974 $7,718
2023 $70,808 $73,320 $91,450 $-2,512
2022 $124,320 $93,116 $99,586 $31,204
2021 $70,262 $29,031 $66,874 $41,231
2020 $48,157 $51,940 $27,660 $-3,783
2019 $62,940 $65,362 $25,310 $-2,422
2018 $91,927 $120,107 $27,732 $-28,180
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