ARKANSAS ELITE BARREL RACING INC

EIN: 845085015 501(c)(3) Recreation & Sports

FORT SMITH, AR

Total Revenue
$338,298
Total Expenses
$401,171
Total Assets
$24,673
Net Assets
$-15,327
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AR
Principal Officer
JENNIFER GODFREY
Phone
4792213007
Tax Period
2024-01-01 to 2024-12-31

ARKANSAS ELITE BARREL RACING INC, founded in 2020, is a small nonprofit in the Recreation & Sports sector that reported $305K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum.

Mission

QUALIFY EVERY ARKANSAS (SURROUNDING) BARREL RACER REGARDLESS OF AGE OR PERFORMANCE LEVEL WITH ONE PRODUCER RAN WEEKLY SERIES, WEEKDAY JACKPOT, OR WEEKEND RACE QUALIFIER AT A TIME.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $338,298
Investment Income $0
Other Revenue $0
TOTAL REVENUE $338,298

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $392,421
Other Expenses $401,171
TOTAL EXPENSES $401,171

Year-over-Year Comparison

2024 2023 Change
Revenue $338,298 $304,798 +0.1%
Expenses $401,171 $298,838 +0.3%
Net Income $-62,873 $5,960 -11.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
N/A
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER GODFREY SECRETARY 15.00
Officer Director
$0 $0 $0
ALLISON HOLLAND DIRECTOR 2.00
Officer Director
$0 $0 $0
BEN HOLLAND PRESIDENT 10.00
Officer Director
$0 $0 $0
MICHELLE MCCARTNEY DIRECTOR 2.00
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 $338,298 $401,171 $24,673 $-62,873
2023 $304,798 $298,838 $47,546 $5,960
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