LOCAL FIRST FOR BUSINESS (EIN 202626253) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

KIMBER LANNING

Tax Period

2023-01-01 to 2023-12-31

LOCAL FIRST FOR BUSINESS, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $297K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $497K exceeded revenue, resulting in a 68% operating deficit.

Mission

LOCAL FIRST ARIZONA SEEKS TO PROMOTE, SUPPORT, AND CELEBRATE A VIBRANT ARIZONA ECONOMY BY EDUCATING CITIZENS ABOUT LOCAL BUSINESS OWNERSHIP, SOCIAL EQUITY, CULTURAL DIVERSITY, ENVIRONMENTAL KINDSHIP, AND COLLABORATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $203,143

Program Service Revenue $58,332

Investment Income $0

Other Revenue $35,148

TOTAL REVENUE $296,623

Expense Breakdown

Grants Paid $3,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $497,433

Other Expenses $493,683

TOTAL EXPENSES $497,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,623	$559,690	-0.5%
Expenses	$497,433	$484,251	+0.0%
Net Income	$-200,810	$75,439	-3.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIO ANILES	TREASURER	2.00	Officer Director	$0	$0	$0
MOHAMMED AHMED	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES CHRISTENSEN	BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
KIMBER LANNING	FOUNDER AND CEO	20.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$296,623	$497,433	$94,218	$-200,810
2022	$559,690	$484,251	$236,755	$75,439
2021	$825,385	$613,331	$169,777	$212,054
2020	$639,079	$704,452	$109,452	$-65,373
2019	$919,353	$972,691	$69,553	$-53,338
2018	$906,572	$857,189	$103,861	$49,383

LOCAL FIRST FOR BUSINESS