INDEPENDENCE COUNTY ECONOMIC DEVELOPMENT INC (EIN 800633627) - 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

2009

Legal Domicile

Phone

8707922378

Tax Period

2023-01-01 to 2023-12-31

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.

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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 $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

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
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

INDEPENDENCE COUNTY ECONOMIC DEVELOPMENT INC