CENTRAL ARIZONA REGIONAL ECONOMIC DEVELOPMENT

EIN: 301022450 501(c)(3) Human Services

Glendale, AZ

Total Revenue
$633,420
Total Expenses
$648,871
Total Assets
$88,662
Net Assets
$86,268
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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
2018
Legal Domicile
AZ
Tax Period
2024-01-01 to 2024-12-31

CENTRAL ARIZONA REGIONAL ECONOMIC DEVELOPMENT, founded in 2018, is a small nonprofit in the Human Services sector that reported $633K in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum.

Mission

SUPPORT EMPLOYER TRAINING AND RETENTION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $633,278
Program Service Revenue $0
Investment Income $142
Other Revenue $0
TOTAL REVENUE $633,420

Expense Breakdown

Grants Paid $0
Salaries & Benefits $384,484
Fundraising Expenses $0
Program Expenses $427,733
Other Expenses $264,387
TOTAL EXPENSES $648,871

Year-over-Year Comparison

2024 2023 Change
Revenue $633,420 $290,401 +1.2%
Expenses $648,871 $309,392 +1.1%
Net Income $-15,451 $-18,991 -0.2%
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

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Governance

Voting Members
19
Independent Members
18
Employees
12
Volunteers
67

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
5
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVELYN CASUGA DIRECTOR 1.00
Director
$0 $0 $0
JESSICA COVEY DIRECTOR 2.00
Director
$0 $0 $0
UDO COOK DIRECTOR 2.00
Director
$0 $0 $0
K HOPE WALLACE DIRECTOR EMERITUS 2.00
Director
$0 $0 $0
FRED SCHNEIDER DIRECTOR 2.00
Director
$0 $0 $0
STACY GRAMAZIO DIRECTOR 2.00
Director
$0 $0 $0
DONNA DAVIS DIRECTOR 2.00
Director
$0 $0 $0
JACKIE ELLIOTT DIRECTOR 2.00
Director
$0 $0 $0
DAVID MALEWITZ DIRECTOR 2.00
Director
$0 $0 $0
SOPHIE DESSART DIRECTOR 2.00
Director
$0 $0 $0
KELLY PATTON DIRECTOR 2.00
Director
$0 $0 $0
LARRY RAINS DIRECTOR 2.00
Director
$0 $0 $0
ADAM LECKIE DIRECTOR 2.00
Director
$0 $0 $0
RONA CURPHY PAST PRESIDENT 2.00
Director
$0 $0 $0
STEPHEN MILLER DIRECTOR 2.00
Director
$0 $0 $0
LEO LEW DIRECTOR 2.00
Director
$0 $0 $0
DANIEL SNYDER DIRECTOR 2.00
Director
$0 $0 $0
DONOVAN KRAMER PRESIDENT 2.00
Officer Director
$0 $0 $0
CRAIG MCFARLAND VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
DENI FITZBIBBONS SECRETARY 2.00
Officer Director
$0 $0 $0
ADAM LECKIE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TIFFANY CLAYTON TREASURER 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 $633,420 $648,871 $88,662 $-15,451
2023 $290,401 $309,392 $103,682 $-18,991
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