LOCAL FIRST ARIZONA FOUNDATION (EIN 261657951) - 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

Phone

6029560909

Tax Period

2024-01-01 to 2024-12-31

LOCAL FIRST ARIZONA FOUNDATION, founded in 2007, is a mid-sized nonprofit in the Community Improvement sector that reported $10.5M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

LOCAL FIRST ARIZONA FOUNDATION LFAF PROVIDES COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS AND SUPPORT TO THE PEOPLE, BUSINESSES, AND NEIGHBORHOODS OF COMMUNITIES THROUGHOUT ARIZONA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,177,308

Program Service Revenue $328,162

Investment Income $31,096

Other Revenue $11,234

TOTAL REVENUE $10,547,800

Expense Breakdown

Grants Paid $256,116

Salaries & Benefits $5,560,281

Fundraising Expenses $205,151

Program Expenses $9,285,635

Other Expenses $4,418,776

TOTAL EXPENSES $10,235,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,547,800	$12,939,628	-0.2%
Expenses	$10,235,173	$13,030,339	-0.2%
Net Income	$312,627	$-90,711	-4.4%

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

Volunteers

294

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

$361,547

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBER LANNING	FOUNDER AND CEO	60.00	Officer	$224,532	$6,184	$230,716
KORANDUS ARMSTEAD	CHIEF ADMINISTRATIVE OFFICER	50.00	Officer	$124,976	$5,855	$130,831
KERWIN BROWN	MEMBER	2.00	Director	$0	$0	$0
MARIO ANILES	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
AMY BIRD	SECRETARY	2.00	Officer Director	$0	$0	$0
CHERIE RANKIN	MEMBER	2.00	Director	$0	$0	$0
JONAE HARRISON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KELLY DALY	MEMBER	2.00	Director	$0	$0	$0
EVELYN CASUGA	MEMBER	2.00	Director	$0	$0	$0
ANDRE WHITTINGTON	BOARD CHAIR	2.00	Officer Director	$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
2024	$10,547,800	$10,235,173	$5,346,321	$312,627
2023	$12,939,628	$13,030,339	$5,416,448	$-90,711
2022	$6,889,263	$6,382,190	$4,151,480	$507,073
2021	$5,988,087	$4,654,764	$3,232,104	$1,333,323
2020	$14,517,718	$13,648,298	$1,578,023	$869,420
2019	$1,304,299	$1,295,377	$494,732	$8,922
2018	$1,082,829	$1,059,569	$459,444	$23,260

LOCAL FIRST ARIZONA FOUNDATION