North Little Rock Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 710608116
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- North Little Rock, AR, USA
- Phone
- 5013725959
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,037,038
- Expenses
- $914,523
- Assets
- $716,889
- Liabilities
- $139,605
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
80 people listed
Executive titles in this filing
- DERRELL HARTWICK (PRESIDENT)
Highest reported compensation
- DERRELL HARTWICK (PRESIDENT): $150,000 total reported compensation
- ASHLEY HIGHT (EXECUTIVE VI): $103,051 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 nlr chamber of commerce is to serve its members by implementing programs and services that stimulate economic, community and workforce development in north little rock.
What it reported doing in 2024
Membership functions include the annual banquet, the oaklawn kick-off banquet, business afterhours, golf tournaments, Arkansas repertory theatre, taste for business, public service awards, committies, and Arkansas women's hall of fame which promote membership development, community spirit and the commercial interest of the city and particularly the chamber members.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 90
- Accountability: 80
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.4%; rating input score 58
- Program expense ratio: 65.9%; rating input score 66
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 97.5%; rating input score 98; 26th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 11.8%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 0.78; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 27.7%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 13.5% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: 0.6% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 25th percentile among comparable filings
Details
- Where the money goes: 58.4% of revenue deployed · 65.9% of spending went to programs
- Governance: 78 of 80 board members independent · 5 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $603K in reported program spending
- Leadership: top reported pay $150K · 80 people listed
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.