ARIZONA DRAGON BOAT ASSOCIATION (EIN 421599346) - 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

2003

Legal Domicile

Principal Officer

MICHELE LAYE

Phone

4802034232

Tax Period

2024-06-01 to 2025-05-31

ARIZONA DRAGON BOAT ASSOCIATION, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $199K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 25% operating margin.

Mission

AZDBA IS DEDICATED TO SUPPORTING AND PROMOTING CULTURAL EDUCATION AND AWARENESS AND THE SPORT OF DRAGON BOATING IN 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 $49,877

Program Service Revenue $163,433

Investment Income $-13,869

Other Revenue $0

TOTAL REVENUE $199,441

Expense Breakdown

Grants Paid $4,700

Salaries & Benefits $0

Fundraising Expenses $996

Program Expenses $139,180

Other Expenses $145,771

TOTAL EXPENSES $150,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$199,441	$141,107	+0.4%
Expenses	$150,471	$106,472	+0.4%
Net Income	$48,970	$34,635	+0.4%

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

N/A

Volunteers

150

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
MICHELE LAYE	PRESIDENT	008.00	Director	$0	$0	$0
DORRA TANG	VICE PRESIDENT	001.00	Director	$0	$0	$0
AMY THOMAS	SECRETARY	002.00	Director	$0	$0	$0
BINAL PATEL	TREASURER	008.00	Director	$0	$0	$0
DANICA TUXBURY	TREASURER ASSISTANT	008.00	Director	$0	$0	$0
ILONA WHITE	DIRECTOR	000.50	Director	$0	$0	$0
IVY MCNEIL	DIRECTOR	000.50	Director	$0	$0	$0
LOGAN CAMERON	DIRECTOR	000.50	Director	$0	$0	$0
LORI BERQUAM	DIRECTOR	001.00	Director	$0	$0	$0
LUANN HELEPOLOLEI	DIRECTOR	000.50	Director	$0	$0	$0
SUSIE VASQUEZ	DIRECTOR	000.50	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	$199,441	$150,471	$280,120	$48,970

ARIZONA DRAGON BOAT ASSOCIATION