Arkansas Bankers Association

Organization Overview

Arkansas Bankers Association is located in Little Rock, AR. The organization was established in 1942. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 04/2022, Arkansas Bankers Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Bankers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 04/2022, Arkansas Bankers Association generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.4m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ARKANSAS BANKERS ASSOCIATION EXISTS TO FULFILL THE NEEDS OF THE STATE'S FINANCIAL INSTITUTIONS BY PROVIDING PREMIER SERVICES IN INDUSTRY ADVOCACY, EDUCATION, COMMUNICATION, AND PRODUCTS AND SERVICES. THE ASSOCIATION IS COMMITTED TO EXPANDING ITS RESOURCES IN A MANNER THAT BEST SERVES THE EVOLVING DEMANDS OF ITS MEMBERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AVAILABLE UPON REQUEST.


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Board, Officers & Key Employees

Name (title)Compensation
Lorrie Trogden
President & CEO
$208,631
Brad Chambless
Vice Chairman
$0
Randy Scott
Chairman
$0
Jim Cargill
Past Chairman
$0
Lori Ross
Treasurer
$0
Jim Taylor
Chairman-Elect
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$779,973
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$779,973
Total Program Service Revenue$573,634
Investment income $40,815
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $18,540
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,546,175

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