INDEPENDENCE COUNTY ECONOMIC DEVELOPMENT INC

EIN: 800633627 501(c)(3) Community Improvement

BATESVILLE, AR

Total Revenue
$34,865
Total Expenses
N/A
Total Assets
$2,167,524
Net Assets
$2,167,524
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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
2009
Legal Domicile
AR
Phone
8707922378
Tax Period
2023-01-01 to 2023-12-31

INDEPENDENCE COUNTY ECONOMIC DEVELOPMENT INC, founded in 2009, is a micro nonprofit in the Community Improvement sector that reported $35K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSES OF THE NONPROFIT CORPORATION SHALL BE TO PROMOTE THE ECONOMIC DEVELOPMENT OF INDEPENDENCE COUNTY, ARKANSAS, TO RECRUIT NEW JOBS AND SEEK TO RETAIN AND ENHANCE EXISTING JOBS IN INDEPENDENCE COUNTY; TO DEVELOP AND MANAGE AN ADEQUATELY FUNDED ECONOMIC DEVELOPMENT PLAN.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE NONPROFIT CORPORATION SHALL BE TO PROMOTE THE ECONOMIC DEVELOPMENT OF INDEPENDENCE COUNTY, ARKANSAS, TO RECRUIT NEW BUSINESS WHICH WILL INTURN CREATE NEW JOBS FOR THE RESIDENTS OF...

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THE PURPOSE OF THE NONPROFIT CORPORATION SHALL BE TO PROMOTE THE ECONOMIC DEVELOPMENT OF INDEPENDENCE COUNTY, ARKANSAS, TO RECRUIT NEW BUSINESS WHICH WILL INTURN CREATE NEW JOBS FOR THE RESIDENTS OF THE COUNTY, AND TO ENHANCE EXISTING OPPORTUNITIES FOR BETTER JOBS THRU DEVELOPMENT AND MANAGEMENT OF A COMPREHENSIVE AND ADEQUATELY FUNDED ECONOMIC DEVELOPMENT PLAN.

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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 $0
Investment Income $0
Other Revenue $34,865
TOTAL REVENUE $34,865

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue $34,865 $59,620 -0.4%
Expenses N/A N/A N/A
Net Income N/A $59,620 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
11
Independent Members
11
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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM STEWART Secretary 1.00
Officer Director
$0 $0 $0
ZACH HARBER President 1.00
Officer Director
$0 $0 $0
BRENT HENDERSON Director 1.00
Director
$0 $0 $0
BRAD COVINGTON Director 1.00
Director
$0 $0 $0
TAMMY PEARCE Director 1.00
Director
$0 $0 $0
ERIC MOHLKE Director 1.00
Director
$0 $0 $0
JASON JONES Director 1.00
Director
$0 $0 $0
KENNY HURLEY Director 1.00
Director
$0 $0 $0
JOHNATHAN ABBOT Director 1.00
Director
$0 $0 $0
CHARLES JORDAN Director 1.00
Director
$0 $0 $0
DENNIS STEPHENS Director 1.00
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 $34,865 No data $2,167,524 No data
2022 $59,620 No data $2,132,659 No data
2021 $20,295 $4,150 $2,073,039 $16,145
2020 $33,829 $44,357 $2,056,894 $-10,528
2019 $83,838 $301,320 $2,067,422 $-217,482
2018 No data $39,952 $2,284,904 No data
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