Phoenix, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
LOCAL FIRST ARIZONA FOUNDATION LFAF PROVIDES COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS AND SUPPORT TO THE PEOPLE, BUSINESSES, AND NEIGHBORHOODS OF COMMUNITIES THROUGHOUT ARIZONA.
LOCAL BUSINESS TECHNICAL ASSISTANCE:Local First Arizona Foundation is on a mission to build equitable systems for Arizonas local businesses and communities that create a vibrant, inclusive, and...
LOCAL BUSINESS TECHNICAL ASSISTANCE:Local First Arizona Foundation is on a mission to build equitable systems for Arizonas local businesses and communities that create a vibrant, inclusive, and sustainable Arizona economy. Our small business programs are designed to incubate, accelerate and celebrate entrepreneurship, with a focus on developing entrepreneurship in low-income or under-resourced communities. We support aspiring entrepreneurs and established independently owned local businesses alike. For businesses in search of opportunities to strengthen and grow their operations, we provided on-on-one consulting to 3,500 small and under-resourced businesses in 2024. Our Business Accelerator programs graduated 168 owners from the greater Phoenix area, Sedona, Cottonwood, Globe and Miami Arizona.
SUSTAINABILITY: To increase environmental responsibility locally, the Green Business Bootcamp equipped 49 small businesses with a plan and funding in place to implement projects that will conserve...
SUSTAINABILITY: To increase environmental responsibility locally, the Green Business Bootcamp equipped 49 small businesses with a plan and funding in place to implement projects that will conserve their energy, water, or waste and reduce operational costs. The program has served the Greater Phoenix and Tucson metro areas as well as in the Verde Valley, which is a rural area. As a green nonprofit, Local First signature events diverted 70% of waste from the landfill to reuse, compost and recycle. This included the Arizona Fall Festival, which attracted 20,000 attendees, as well as Devour, a two-day culinary event with more than 80 small, local restaurants.
FOOD BUSINESS DEVELOPMENT & COMMUNITY GARDENS: In 2024 more than 135 food business startups were incubated in our community kitchens across Mesa, South Phoenix, and Maryvale, and 85 additional food...
FOOD BUSINESS DEVELOPMENT & COMMUNITY GARDENS: In 2024 more than 135 food business startups were incubated in our community kitchens across Mesa, South Phoenix, and Maryvale, and 85 additional food businesses began operations from participating in our restaurant start-up boot camp. Due to the demand for these services, another kitchen incubator opened in early 2025. In addition, Local First provided weekly childrens cooking classes to more than 68 low-income students of color who learned about nutrition as well as cooking skills. Each participant has the opportunity to take home 5 meals for the week. Many of these same students join us on the weekends in our community garden to learn gardening and harvesting skills, all of which reduces food insecurity in our community.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare LOCAL FIRST ARIZONA FOUNDATION with other nonprofits in Arizona and across the country.