GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION

EIN 71-0433897 · Homeowners & Tenants Associations (L50)

What they do

INDUSTRIAL/ECONOMIC DEVELOPMENT

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $20.80 was reported for mission work and $0.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders52 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

24.12%of revenue went to mission work20.8% of expenses · Program services

$115.70spent for every $100 of revenueSpending was higher than revenue this year.

91.58%of revenue went to management and office costs79.2% of expenses

$4.10in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $82,588 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$526,058

Mission workProgram services$126,88624.12% of revenue20.8% of expenses

ManagementOffice and general costs$481,76091.58% of revenue79.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$608,646115.70% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 20.8% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 20.8% mission · 79.2% management · 0.0% fundraisingTotal expenses: 115.70% of revenue

2023Expense mix: 32.1% mission · 67.9% management · 0.0% fundraisingTotal expenses: 67.08% of revenue

2022Expense mix: 19.6% mission · 80.4% management · 0.0% fundraisingTotal expenses: 100.66% of revenue

2021Expense mix: 98.0% mission · 2.0% management · 0.0% fundraisingTotal expenses: 99.32% of revenue

2020Expense mix: 89.2% mission · 10.8% management · 0.0% fundraisingTotal expenses: 63.32% of revenue

2019Expense mix: 98.0% mission · 2.0% management · 0.0% fundraisingTotal expenses: 103.71% of revenue

2018Expense mix: 96.9% mission · 3.1% management · 0.0% fundraisingTotal expenses: 83.85% of revenue

2017Expense mix: 97.2% mission · 2.8% management · 0.0% fundraisingTotal expenses: 56.91% of revenue

Money in and money out

Revenue$526,058

Expenses$608,646

Annual shortfall $82,588 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$126,886 · 20.8% of expenses

Management and office costs$481,760 · 79.2% of expenses

See all reported dollar amounts

Revenue$526,058

Expenses$608,646

Assets$2,498,280

Income$622,137

Mission work (program services)$126,886

Management and general$481,760

Accounting fees$15,679

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (52)

PAT MCCABEDIRECTOR

JOSH KRAUSSDIRECTOR

KAREN KITCHENSDIRECTOR

KAROL BAILESDIRECTOR

KEITH SMITHDIRECTOR

KELLIE ASHLOCKDIRECTOR

KEVIN SEXTONDIRECTOR

LARRY SIENERDIRECTOR

LES WARRENDIRECTOR

MARSHUNDA JONESDIRECTOR

MATT MCKEEDIRECTOR

MATT TWYTORDDIRECTOR

NEAL HARRINGTONDIRECTOR

JARED ZEISERDIRECTOR

RICHARD MCGREWDIRECTOR

RICK MCCLUREDIRECTOR

RORY HERNDONDIRECTOR

SCOTT BAILEYDIRECTOR

SCOTT DEWSSENIOR COUNC

SHAWN HIGGINBOTHAMDIRECTOR

STACY WALLEYDIRECTOR

STEVE ARRISONDIRECTOR

TODD GREENSENIOR COUNC

TODD WOERPELSENIOR COUNC

TONY MCANLYDIRECTOR

VINCE SIGNORELLICHAIRMAN

DON ROWLETTDIRECTOR

ALLISON RAMSEYDIRECTOR

BEN VAN WAGNERDIRECTOR

BILL BURROUGHDIRECTOR

BRIAN HILLSENIOR COUNC

BRUCE COZARTDIRECTOR

BRYAN SMITHVICE-CHAIRMA

CHAD TILLERYDIRECTOR

CHUCK LAUNIUSTREASURER

CODY BURKHAMDIRECTOR

DAN MESSERSMITHDIRECTOR

DARRYL MAHONEYDIRECTOR

DAVID TRICEDIRECTOR

ALAN CLARKDIRECTOR

DR BILL ALLISONSECRETARY

DR DOUG ROSSDIRECTOR

DR JERRY THOMASDIRECTOR

DR JOHN HOGANSENIOR COUNC

DUNCAN BELLINGRATHDIRECTORS

DWAYNE PRATTDIRECTOR

ED SANDERSSENIOR COUNC

FORREST SPICHERSENIOR COUNC

FRANKLIN BASSSENIOR COUNC

GARY TROUTMANPRESIDENT

GEN JEFF LOFGRENDIRECTOR

JAMES MONTGOMERYSENIOR COUNC

About this charity

Recognized since: January 1973
Location: PO BOX 6090, HOT SPRINGS, AR 71902
County: Garland
In care of: GARY TROUTMAN
Primary officer: GARY TROUTMAN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@growinghotsprings.com Phone(501) 321-1700

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ELLIS & MOORE PLLC
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations