Conway Co Economic Development Cor
Nonprofit profile at a glance
- EIN
- 710424896
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Morrilton, AR, USA
- Phone
- 5013542393
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $287,982
- Expenses
- $235,345
- Assets
- $1,856,322
- Liabilities
- $52,946
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- DONALD H CRAIN JR (PRESIDENT/CE)
Highest reported compensation
- DONALD H CRAIN JR (PRESIDENT/CE): $101,112 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide general and administrative services to community in the pursuit of new and expanding industry. Specific industrial service is provided in prospecting for new industry through direct contact, mail campaign, advertising and technical assistance in regard to obtaining new industrial sites and development thereof.
What it reported doing in 2025
The corporation provides general and administrative services to the community in the pursuit of new and expanding industry. Specific industrial service is provided in prospecting for new industry through direct contact mail campaigns, advertising and technical assistance in regard to obtaining new industrial sites and development thereof.
Operating model
- Revenue model
- Earned-program. 63% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 83
- Accountability: 74
- Sustainability: 62
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.2%; rating input score 81
- Program expense ratio: 96.5%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 20th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 18.3%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 7.89; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 25.3% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: -0.4% per year; rating input score 0; 19th percentile among comparable filings
- Asset growth: -1.1% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 81.2% of revenue deployed · 96.5% of spending went to programs
- Governance: 9 of 9 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $227K in reported program spending
- Leadership: top reported pay $101K · 9 people listed
- Consistency: 17 of 18 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2025
- Contacts: How to reach this organization
- 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 — Accountability: Governance controls: 4 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.