UPPER ARKANSAS AREA DEVELOPMENT CO… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

HEATHER EVANS

Phone

7192751675

Tax Period

2022-01-01 to 2022-12-31

UPPER ARKANSAS AREA DEVELOPMENT CORPORATION, founded in 1990, is a small nonprofit that reported $121K in total revenue in fiscal year 2022. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $412K exceeded revenue, resulting in a 241% operating deficit.

Mission

TO PROVIDE SMALL BUSINESS LOANS THAT WILL ASSIST IN ECONOMIC DEVELOPMENT AND TO OBTAIN GRANTS TO ASSIST LOW-INCOME HOUSING PROJECTS

Program Service Accomplishments

Program 1

Expenses: $411,924 Revenue: $114,934

THE CORPORATION LENDS MONEY TO SMALL BUSINESSES LOCATED IN THE GEOGRAPHIC AREA OF THE CORPORATION WITH THE INTENT OF CREATING JOBS TO STIMULATE ECONOMIC DEVELOPMENT

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $114,934

Investment Income $6,026

Other Revenue $0

TOTAL REVENUE $120,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,806

Fundraising Expenses $0

Program Expenses $411,924

Other Expenses $381,118

TOTAL EXPENSES $411,924

Year-over-Year Comparison

	2022	2021	Change
Revenue	$120,960	$467,740	-0.7%
Expenses	$411,924	$129,024	+2.2%
Net Income	$-290,964	$338,716	-1.9%

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
KEVIN DAY	DIRECTOR	N/A	Director	$0	$0	$0
JEFF FIEDLER	SECRETARY-TR	N/A	Officer Director	$0	$0	$0
RUSTY GRANZELLA	DIRECTOR	N/A	Director	$0	$0	$0
GREG LABBE	VICE-CHAIR	N/A	Officer Director	$0	$0	$0
DWAYNE MCFALL	CHAIRMAN	N/A	Director	$0	$0	$0
DEVIN ROWE	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY SMITH	DIRECTOR	N/A	Director	$0	$0	$0
HA BUCK WENZEL	CHAIRMAN	N/A	Officer Director	$0	$0	$0
HEATHER EVANS	EXECUTIVE DI	N/A	Officer	$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
2022	$120,960	$411,924	$2,881,771	$-290,964
2021	$467,740	$129,024	$3,166,700	$338,716
2020	$772,240	$577,033	$2,957,237	$195,207
2019	$599,893	$186,739	$2,989,940	$413,154
2018	$704,433	$519,666	$2,374,540	$184,767

UPPER ARKANSAS AREA DEVELOPMENT CORPORATION