TOVREA CARRARO SOCIETY

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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

2010

Legal Domicile

Principal Officer

Tamera Zivic

Phone

6022563221

Tax Period

2025-01-01 to 2025-12-31

TOVREA CARRARO SOCIETY, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2025. Revenue surged 268% from the prior year, signaling strong growth momentum.

Mission

The mission of Tovrea Carraro Society is to provide a unique experience for visitors to Tovrea Castle at Carraro Heights; preserving, maintaining and restoring its historic structures, gardens and grounds.

Program Service Accomplishments

Program 1

Expenses: $1,346,869 Revenue: $1,113,143

Operate, coordinate and provide oversight of the site including provision of tour for residents and visitors to Arizona, coordinating maintenance of cactus gardens on an ongoing basis as well as...

Operate, coordinate and provide oversight of the site including provision of tour for residents and visitors to Arizona, coordinating maintenance of cactus gardens on an ongoing basis as well as maintaining the Castle and Visitor Center.

Program 2

Expenses: $1,235 Revenue: $79,985

Provide mementos and educational materials to individuals, enhancing their experiences and providing opportunities for ongoing research and interest in the Castle and grounds.

Program 3

Expenses: $3,943 Revenue: $1,400

Provide extensive volunteer training and support to individuals who are guides and hosts to persons visiting.

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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 (2025)

Revenue Breakdown

Contributions & Grants $177,515

Program Service Revenue $1,194,528

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,372,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,352,047

Other Expenses $1,352,047

TOTAL EXPENSES $1,352,047

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,372,043	$372,587	+2.7%
Expenses	$1,352,047	$95,038	+13.2%
Net Income	$19,996	$277,549	-0.9%

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

167

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
Tamera Zivic	President	30	Officer Director	$0	$0	$0
Marie Cunningham	Vice President	5	Officer Director	$0	$0	$0
Tom Curry	Secretary/Garden Team Liaison	3	Officer Director	$0	$0	$0
John Zivic	I.T. Team Lead	10	Director	$0	$0	$0
Don Appel	Volunteer Liaison	10	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
2025	$1,372,043	$1,352,047	$890,327	$19,996
2024	$372,587	$95,038	$870,331	$277,549
2023	$274,416	$113,873	$592,782	$160,543