INNOVATIVE POVERTY SOLUTIONS

EIN: 854267965 501(c)(3) Human Services

FAYETTEVILLE, AR

Total Revenue
$799,034
Total Expenses
$636,041
Total Assets
$832,881
Net Assets
$807,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AR
Principal Officer
CHRISTINA WILLIAMS
Phone
4792364741
Tax Period
2024-07-01 to 2025-06-30

INNOVATIVE POVERTY SOLUTIONS, founded in 2020, is a small nonprofit in the Human Services sector that reported $799K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $163K, a strong 20% operating margin.

Mission

OUR MISSION IS TO DEVELOP AND IMPLEMENT COMMUNITY DRIVEN, INNOVATIVE SOLUTIONS TO ENDING POVERTY IN NORTHWEST ARKANSAS. OUR VISION IS A COMMUNITY COMMITTED TO REMOVING THE BARRIERS THAT KEEP PEOPLE IN POVERTY.

Program Service Accomplishments

Program 1
Expenses: $249,388

CIRCLES NWA: PROVIDED MENTORSHIP AND CONNECTIONS TO COMMUNITY RESOURCES FOR FAMILIES AND PROVIDED POVERTY REDUCTION TRAINING FOR COMMUNITY MEMBERS.

Program 2
Expenses: $165,795

VOIS INSTITUTE: TRAINED AND SUPPORTED COMMUNITY LEADERS WITH LIVED EXPERIENCE OF POVERTY TO SHARE THEIR STORIES, INFLUENCE PUBLIC UNDERSTANDING, AND ADVANCE COMMUNITY-DRIVEN SOLUTIONS TO END POVERTY.

Program 3
Expenses: $41,049

NEW INITIATIVES: DEVELOPED AND IMPLEMENTED A FAIR AUTO-LENDING PILOT PROGRAM THAT HELPS WORKING FAMILIES OVERCOME TRANSPORTATION BARRIERS, ACCESS LOW INTEREST LOANS, AND GAIN RELIABLE TRANSPORTATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $765,914
Program Service Revenue $0
Investment Income $31,949
Other Revenue $1,171
TOTAL REVENUE $799,034

Expense Breakdown

Grants Paid $0
Salaries & Benefits $422,860
Fundraising Expenses $42,986
Program Expenses $456,232
Other Expenses $213,181
TOTAL EXPENSES $636,041

Year-over-Year Comparison

2024 2023 Change
Revenue $799,034 $708,093 +0.1%
Expenses $636,041 $392,949 +0.6%
Net Income $162,993 $315,144 -0.5%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
14
Volunteers
215

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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KHALID AHMADZAI MEMBER 1.00
Director
$0 $0 $0
SARA BISHOP SECRETARY 1.00
Officer Director
$0 $0 $0
MARIAH GREEN PRESIDENT 1.00
Officer Director
$0 $0 $0
ASHLIE IVEY TREASURER 1.00
Officer Director
$0 $0 $0
ERICA LATTANZIO VICE PRESIDE 1.00
Officer Director
$0 $0 $0
SALLY SCHOEN MEMBER 1.00
Director
$0 $0 $0
LYNETTE WASHINGTON MEMBER 1.00
Director
$0 $0 $0
CHRISTINA WILLIAMS EXECUTIVE DI 40.00
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
2025 $799,034 $636,041 $832,881 $162,993
2024 No data No data No data No data
2023 $423,354 $281,219 $337,406 $142,135
2022 $262,229 $117,748 $186,837 $144,481
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