ARIZONA CREDITORS BAR ASSOCIATION INC

EIN: 320350854 Mutual Benefit

TUCSON, AZ

Total Revenue
$307,048
Total Expenses
$322,394
Total Assets
$126,710
Net Assets
$8,108
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
AZ
Principal Officer
DAVID E HAMEROFF
Phone
5207924700
Tax Period
2022-01-01 to 2022-12-31

ARIZONA CREDITORS BAR ASSOCIATION INC, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $307K in total revenue in fiscal year 2022. Revenue surged 1831% from the prior year, signaling strong growth momentum.

Mission

THE ARIZONA CREDITORS BAR ASSOCIATION IS AN ARIZONA NON-PROFIT CORPORATION. IT IS A TRADE ASSOCIATION COMPRISED OF MEMBERS WHO SEEK TO IMPROVE LOCAL BUSINESS CONDITIONS IN THE STATE OF ARIZONA. ITS MEMBERS HAVE A COMMON INTEREST IN ENSURING THAT ARIZONA'S LAWS, REGULATIONS, AND ITS JUDUCIAL POLICIES AND RULES ARE KNOWLEDGE BASED AND FAIR, AND THAT ARIZONA CREDITORS AND THE CREDIT GRANTING PUBLIC ARE PROVIDED FAIR ACCESS TO THE STATE'S COURT SYSTEM FOR DEBT COLLECTION ACTIVITIES. ITS MEMBERS ARE ALSO CONCERNED ABOUT INSURING THAT ARIZONA'S CREDITOR RIGHTS ATTORNEYS ARE WELL INFORMED AND ACT ETHICALLY AND PROFESSIONALLY WHEN WORKING WITH THE COURTS AND THE PUBLIC. THE ASSOCIATION WORKS TO ENSURE THAT THESE GOALS ARE REALIZED BY SUPPORTING NEW LEGISLATION AND COURT RULES TO STRENGTHEN THE RIGHTS OF CREDITORS, PROVIDING AND PROMOTING OPPORTUNITIES FOR NETWORKING, AND PROVIDING AND SUPPORTING EDUCATIONAL SEMINARS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $307,048
Investment Income $0
Other Revenue $0
TOTAL REVENUE $307,048

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $287,998
Other Expenses $322,394
TOTAL EXPENSES $322,394

Year-over-Year Comparison

2022 2021 Change
Revenue $307,048 $15,900 +18.3%
Expenses $322,394 $36,551 +7.8%
Net Income $-15,346 $-20,651 -0.3%
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
7
Independent Members
7
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID E HAMEROFF PRESIDENT/ TREASURER/ DIRECTOR 1.00
Officer Director
$0 $0 $0
ERIC LOGVIN DIRECTOR 1.00
Director
$0 $0 $0
JASON J LEROY DIRECTOR 1.00
Director
$0 $0 $0
JOHN A DADDONA SECRETARY 1.00
Officer Director
$0 $0 $0
STEVEN J ITKIN DIRECTOR 1.00
Director
$0 $0 $0
TODD GURSTEL DIRECTOR 1.00
Director
$0 $0 $0
THAYNE CULLIMORE DIRECTOR 1.00
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
2022 $307,048 $322,394 $126,710 $-15,346
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