The Argenta Art Connection Inc

Nonprofit profile at a glance

EIN
460851466
IRS 990 coverage
2014–2017
Forms available
Form 990 2017, Form 990-EZ 2013
Location
North Little Rock, AR, USA
Phone
5019076570
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Arts Service Organizations and Activities

Reported finances

Revenue
$40,123
Expenses
$60,521
Assets
$21,745
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JOEL GORDON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • RODNEY FERGUSON (DIRECTOR - CHAIR): $570,562 total reported compensation
  • MIKE MYERS (DIRECTOR - SR. VP - CFO & TREASURER): $311,485 total reported compensation
  • JOYJIT DEB ROY (DIRECTOR - SECRETARY): $299,608 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To bring about positive change and to assure a safe, attractive, vibrant community through participating in arts and cultural programs. To provide a path for underserved youth to achieve higher education, citizen leadership, and self-sufficiency through paid employment in the creative economy. To cooperate with other charitable organizations, foundations, and government entities through grants and otherwise which are working to develop communities that are conducive to developing and supporting arts and humanities programs.

Operating model

Revenue model
Affiliate-supported. 83% of the money available for current operations came from contributions from related organizations.
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

MIXED - A large share of available resources goes toward mission work. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 48
  • Accountability: 32
  • Sustainability: 25
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 15th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th 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: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -50.8%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 220.1%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -19.8% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -6% per year; rating input score 0; 44th percentile among comparable filings
  • Asset growth: -21.3% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $61K in reported program spending
  • Leadership: top reported pay $571K · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2014 to 2017
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 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.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.