Civic Intelligence

Ark Horsemens Benevolent &

EIN 58-2098793 • 501(c)4 • Hot Springs, AR

Profile

BENEVOLENCE

PO Box 20203Hot Springs, AR 71903

nationalhbpa.com/ARKANSAS-HBPA

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

81st percentile

37%

Higher net margin than 81% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$58,154

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

82nd percentile

21%

Faster asset growth than 82% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

21%

Faster revenue growth than 67% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,034,536

Up $357,774 (+21%) from 2023

Liabilities

Down

$3,058

Down $490 (-14%) from 2023

Net Assets

Up

$2,031,478

Up $358,264 (+21%) from 2023

Revenue

Up

$976,693

Up $168,298 (+21%) from 2023

Expenses

Up

$618,429

Up $135,978 (+28%) from 2023

Net Income

Up

$358,264

Up $32,320 (+9.9%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $97,879Liabilities 2011: $0Net Assets 2011: $97,8792011Assets 2012: $127,333Liabilities 2012: $0Net Assets 2012: $127,3332012Assets 2013: $92,531Liabilities 2013: $3,002Net Assets 2013: $89,5292013Assets 2014: $152,979Liabilities 2014: $0Net Assets 2014: $152,9792014Assets 2015: $148,611Liabilities 2015: $0Net Assets 2015: $148,6112015Assets 2016: $195,845Liabilities 2016: $0Net Assets 2016: $195,8452016Assets 2018: $273,100Liabilities 2018: $0Net Assets 2018: $273,1002018Assets 2019: $407,147Liabilities 2019: $0Net Assets 2019: $407,1472019Assets 2020: $908,588Liabilities 2020: $1,767Net Assets 2020: $906,8212020Assets 2021: $1,166,909Liabilities 2021: $2,182Net Assets 2021: $1,164,7272021Assets 2022: $1,304,411Liabilities 2022: $3,445Net Assets 2022: $1,300,9662022Assets 2023: $1,676,762Liabilities 2023: $3,548Net Assets 2023: $1,673,2142023Assets 2024: $2,034,536Liabilities 2024: $3,058Net Assets 2024: $2,031,4782024

Highlighted filing

2024

Assets$2,034,536
Liabilities$3,058
Net Assets$2,031,478

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $123,822Expenses 2011: $128,514Net Income 2011: -$4,6922011Revenue 2012: $142,612Expenses 2012: $113,158Net Income 2012: $29,4542012Revenue 2013: $139,199Expenses 2013: $129,624Net Income 2013: $9,5752013Revenue 2014: $159,977Expenses 2014: $139,924Net Income 2014: $20,0532014Revenue 2015: $184,799Expenses 2015: $189,167Net Income 2015: -$4,3682015Revenue 2016: $217,270Expenses 2016: $170,035Net Income 2016: $47,2352016Revenue 2018: $233,096Expenses 2018: $204,784Net Income 2018: $28,3122018Revenue 2019: $265,732Expenses 2019: $131,685Net Income 2019: $134,0472019Revenue 2020: $500,385Expenses 2020: $298,999Net Income 2020: $201,3862020Revenue 2021: $561,178Expenses 2021: $303,272Net Income 2021: $257,9062021Revenue 2022: $686,961Expenses 2022: $550,722Net Income 2022: $136,2392022Revenue 2023: $808,395Expenses 2023: $482,451Net Income 2023: $325,9442023Revenue 2024: $976,693Expenses 2024: $618,429Net Income 2024: $358,2642024

Highlighted filing

2024

Revenue$976,693
Expenses$618,429
Net Income$358,264

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.00$2.03$0.98$0.62$0.36
2023Summary only. Only limited summary data is available for this year.$1.68$0.00$1.67$0.81$0.48$0.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.00$1.30$0.69$0.55$0.14
2021Summary only. Only limited summary data is available for this year.$1.17$0.00$1.16$0.56$0.30$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.00$0.91$0.50$0.30$0.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.00$0.41$0.27$0.13$0.13
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$0.23$0.20$0.03
2016Summary only. Only limited summary data is available for this year.$0.20$0.00$0.20$0.22$0.17$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.18$0.19$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.16$0.14$0.02
2013Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$0.14$0.13$0.01
2012Summary only. Only limited summary data is available for this year.$0.13$0.00$0.13$0.14$0.11$0.03
2011Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.12$0.13$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$976,693
Mission and Program Overview

Mission

BENEVOLENCE

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,673,214$2,031,478▲ $358,264
Savings and Temporary Cash Investments$1,644,241$1,924,662▲ $280,421
Cash and Non-Interest-Bearing Accounts-$69,807-
Land, Buildings, and Equipment, Net$32,116$39,662▲ $7,546
Other Notes and Loans Receivable, Net$405$405→ $0
Total Assets$1,676,762$2,034,536▲ $357,774
Liabilities
Other Liabilities$3,548$3,058▼ $490
Total Liabilities$3,548$3,058▼ $490
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,673,214$2,031,478▲ $358,264
Total Liabilities and Net Assets / Fund Balance$1,676,762$2,034,536▲ $357,774

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$39,662$70,992$110,654
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeanette MilliganExecutive DirectorFT$58,154$58,154

Board Members and Trustees

NameTitle
Bill WalmsleyPresident
Gary WoodallDirector-owner
Joe RagsdaleDirector-owner
Robert TuckerDirector-owner
Sara PattersonDirector-owner
Staton FlurryDirector-owner
Ron MoquettDirector-trainer
Steve AsmussenDirector-trainer
Steve HobbyDirector-trainer
Thomas VanceDirector-trainer
William Jinks FiresDirector-trainer
Revenue and Support

Revenue Composition

Contributions and Grants
$896,040
Program Service Revenue
$0
Investment Income
$80,653
Other Revenue
$0
All Other Contributions
$35,389
Change in Net Assets
$358,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$522,644
Salaries, Compensation, and Employee Benefits$95,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$101,518--$101,518
Other Salaries and Wages$75,470--$75,470
Other Expenses$36,176--$36,176
Payments to Affiliates$30,000--$30,000
Office Expenses$24,640--$24,640
Other Employee Benefits$14,882--$14,882
Depreciation Depletion$12,166--$12,166
Travel$12,015--$12,015
Payroll Taxes$5,433--$5,433
Insurance$4,793--$4,793
Fees for Services Accounting$4,360--$4,360
Fees for Services Legal$2,650--$2,650
Total Functional Expenses$618,429$0$0$618,429
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax$3,058
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990, part vi, line 11b - organizations process to review form 990 no review was or will be conducted.

Form 990 availability to public Part VI line 18

Form 990, part vi, line 18 - governing documents disclosure explanation no documents available to the public.

Governing documents etc available to public Part VI line 19

Form 990, part vi, line 19 - governing documents disclosure explanation no documents available to the public.

Filing and Contact Details

Filer

Filer Name
Ark Horsemens Benevolent & Protective Assn Inc
EIN
58-2098793
In Care Of
% BILL WALMSLEY
Phone
5016237641
Address
PO BOX 20203, HOT SPRINGS, AR 71903

Signing Officer

Name
Bill Walmsley
Title
President
Phone
5016237641
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Walmsley
Formed
1993
Legal Domicile
Ar
Voting Board Members
10
Independent Board Members
10
Employees
2

Preparer

Firm
Harvey & Garner Pa
Address
321 SECTION LINE RD STE L, HOT SPRINGS, AR 71913
Preparer
William C Hollensworth
Phone
5016233121
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Benevolence $ 35,380 vision $ 14,826 other business $ 11,935 funeral $ 11,861 contract labor $ 11,510 reimbursements $ 7,280 car & truck $ 3,600 sponsorships $ 3,000 awards $ 1,044 repairs $ 852 bank fees $ 230 total $ 101,518

Raw XML Appendix360 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PrincipalOfficerNm0BILL WALMSLEY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0750683
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt057712
IRS990/PYOtherExpensesAmt0382859
IRS990/PYRevenuesLessExpensesAmt0325944
IRS990/PYSalariesCompEmpBnftPaidAmt099592
IRS990/PYTotalExpensesAmt0482451
IRS990/PYTotalRevenueAmt0808395
IRS990/ReconcilationRevenueExpnssAmt0358264
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01673214
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02031478
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01644241
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01924662
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039662
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt070992
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0110654
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03058
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX
IRS990ScheduleD/TotalBookValueLandBuildingsAmt039662
IRS990ScheduleD/TotalLiabilityAmt03058
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART VI, LINE 11B - ORGANIZATIONS PROCESS TO REVIEW FORM 990 NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, LINE 18 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BENEVOLENCE $ 35,380 VISION $ 14,826 OTHER BUSINESS $ 11,935 FUNERAL $ 11,861 CONTRACT LABOR $ 11,510 REIMBURSEMENTS $ 7,280 CAR & TRUCK $ 3,600 SPONSORSHIPS $ 3,000 AWARDS $ 1,044 REPAIRS $ 852 BANK FEES $ 230 TOTAL $ 101,518
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other expenses Part IX line 24e
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01676762
IRS990/TotalAssetsEOYAmt02034536
IRS990/TotalAssetsGrp/BOYAmt01676762
IRS990/TotalAssetsGrp/EOYAmt02034536
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0896040
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0618429
IRS990/TotalFunctionalExpensesGrp/TotalAmt0618429
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03548
IRS990/TotalLiabilitiesEOYAmt03058
IRS990/TotalLiabilitiesGrp/BOYAmt03548
IRS990/TotalLiabilitiesGrp/EOYAmt03058
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01673214
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02031478
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0618429
IRS990/TotalReportableCompFromOrgAmt058154
IRS990/TotalRevenueGrp/ExclusionAmt080653
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0976693
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01676762
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02034536
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt012015
IRS990/TravelGrp/TotalAmt012015
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01725 HIGHLAND ROAD
IRS990/USAddress/CityNm0BATESVILLE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072501
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0HTTPS://NATIONALHBPA.COM/ARKANSAS-HBPA
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BILL WALMSLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05016237641
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARK HORSEMENS BENEVOLENT & PROTECTIVE ASSN INC
ReturnHeader/Filer/BusinessNameControlTxt0ARKH
ReturnHeader/Filer/EIN0582098793
ReturnHeader/Filer/InCareOfNm0% BILL WALMSLEY
ReturnHeader/Filer/PhoneNum05016237641
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 20203
ReturnHeader/Filer/USAddress/CityNm0HOT SPRINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd071903
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472249893
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARVEY & GARNER PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0321 SECTION LINE RD STE L
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOT SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071913
ReturnHeader/PreparerPersonGrp/PhoneNum05016233121
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM C HOLLENSWORTH
ReturnHeader/ReturnTs02025-11-17T17:01:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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