Arkansas State Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 710006170
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Little Rock, AR, USA
- Phone
- 5013722222
- Rating confidence
- Limited
Reported finances
- Revenue
- $3,827,841
- Expenses
- $3,732,977
- Assets
- $1,461,241
- Liabilities
- $724,668
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
110 people listed
Executive titles in this filing
- Kenneth Hall (Executive Vice President)
- Randy Zook (President & CEO)
- Francis Turley (Vice President of Membership Development)
Highest reported compensation
- Randy Zook (President & CEO): $477,450 total reported compensation
- Francis Turley (Vice President of Membership Development): $203,552 total reported compensation
- Kenneth Hall (Executive Vice President): $194,383 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the Arkansas state chamber of commerce is to continually enhance the economic climate in Arkansas. Arkansas state chamber of commerce is a volunteer, 501 (c)(6) non-profit corporation, dedicated to help Arkansas business and industry be successful. The objectives of Arkansas state chamber of commerce are carried out through the successful work of our members in the arena of governmental affairs. Our policy committees are charged with researching and monitoring government activities impacting the business community at the state and federal levels. Because of the strength of our members-managers, owners and operators of Arkansas businesses and industries-the state chamber is recognized as the leading advocate for the business community and one of the most effective lobbying groups in Arkansas.
What it reported doing in 2024
Provide opportunities for small businesses to gain procurement opportunities from governments and major coporations.
Operating model
- Revenue model
- Membership-supported. 64% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 84
- Accountability: 91
- Sustainability: 27
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.5%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.39; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 39%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 104 of 104 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $477K · 110 people listed · 2 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 10 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 43/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.