Arkansas Bankers Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 710004080 ✦ Little rock, AR ✦ Designated as a 501(c)(6)

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Overview

What is Arkansas Bankers Association?

The Arkansas Bankers Association is a nonprofit organization dedicated to serving the state's financial institutions. Their primary role is to promote the banking industry, act as a government relations liaison, and offer educational opportunities to its membership. They strive to expand their resources to meet the evolving needs of their members, providing premier services in industry advocacy, education, communication, and products and services. The association's commitment ensures that it remains a valuable resource for the financial institutions within Arkansas.


Official website here: www.arkbankers.org

Is Arkansas Bankers Association legitimate?

Arkansas Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Arkansas Bankers Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $239,362
Professional Fundraising Fees: $0
Other Salaries and Wages: $330,433

For more financial information, click here


Official website here: www.arkbankers.org

What is the mission statement of Arkansas Bankers Association?

The Arkansas Bankers Association exists to fulfill the needs of the state's financial institutions by providing superior services in industry advocacy, education, communication, and products and services. Committed to adapting to its members' evolving demands, the association aims to expand its resources in a manner that best serves them. In essence, the Arkansas Bankers Association works to promote the banking industry, serves as a liaison for government relations, and offers educational opportunities and promotes services to its membership.


Official website here: www.arkbankers.org

Who is the CEO of Arkansas Bankers Association?

Lorrie Trogden is the Chairman of Arkansas Bankers Association. The CEO's salary of Arkansas Bankers Association is $239,362 and their total compensation is $271,377.


Official website here: www.arkbankers.org

What is the revenue of Arkansas Bankers Association?

Arkansas Bankers Association's revenue in 2023 was $1,671,104.


Official website here: www.arkbankers.org

Who are the executives of Arkansas Bankers Association and what are their salaries?

The average compensation at Arkansas Bankers Association during 2023 was $71,224. There are 8 employees at Arkansas Bankers Association.


Here are 19 key members and their salaries (Arkansas Bankers Association's CEO's salary is $239,362 and their total compensation is $271,377):


Jim Taylor (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Chambless (Chairman-Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Gosnell (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Saffold (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Scott (Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Albright (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duncan Bellingrath (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Asa Cottrell (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Dunn (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Husong (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Mitchell (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Ross (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Ruddell (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loren Shackelford (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Tennant (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Tiffee (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Walker (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Wisener (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorrie Trogden (President & Ceo)
  • Compensation: $239,362
  • Related: $0
  • Other: $32,015


Official website here: www.arkbankers.org

Where can I find the form 990 for Arkansas Bankers Association?

Arkansas Bankers Association's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.arkbankers.org

Learn more at the official website: www.arkbankers.org

Mission Statement of Arkansas Bankers Association

The Arkansas Bankers Association, a distinguished organization, is dedicated to addressing the needs of the state's financial institutions. It achieves this by offering top-tier services in the domains of industry advocacy, education, communication, and products and services. The association is committed to expanding its resources in a manner that aligns with the evolving demands of its membership, ensuring it remains a valuable asset to the banking sector. In essence, the Arkansas Bankers Association exists to support and empower financial institutions within the state, providing them with the tools they need to navigate the industry effectively and efficiently.

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Impact




October, 2024

The Arkansas Bankers Association plays a crucial role in the financial landscape of the state by fulfilling the diverse needs of its member institutions. It enhances the banking industry in Arkansas through robust advocacy efforts that represent the interests of banks at various levels of government. By serving as a liaison for government relations, the Association ensures that the voice of financial institutions is heard in policy-making processes.

Educational initiatives offered by the Arkansas Bankers Association are pivotal in keeping members informed about industry trends, regulatory changes, and best practices. These programs facilitate professional development and equip financial institutions with the knowledge necessary to navigate an evolving marketplace effectively.

Moreover, the Association promotes effective communication and collaboration among its members, fostering a sense of community within the banking sector. Through the provision of valuable products and services, it enhances operational efficiency and enables institutions to better serve their customers. Overall, the Arkansas Bankers Association significantly contributes to the stability and growth of the banking industry in Arkansas, ultimately benefiting the communities they serve.




This information is meant to be a general summary of Arkansas Bankers Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,671,104 (2023)
Expenses
$1,680,489 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $27,372
  • Program Service Revenue: $612,830
  • Gross Receipts: $1,671,104

Assets and Liabilities:

  • Total Assets: $5,264,273
  • Total Liabilities: $900,274
  • Net Assets: $4,363,999

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION

Revenue

$593,957

ADVERTISING REVENUE

Revenue

$15,700

CIRCULATION INCOME

Revenue

$3,173

Organization Details

Founding Year

1891

Principal Officer

Lorrie Trogden

Main Address

1220 WEST THIRD STREET, LITTLE ROCK, AR, 72201

NTEE Category

Code: S41 - Community improvement

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