ARIZONA FAIRS ASSOCIATION INC

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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

1977

Legal Domicile

Principal Officer

MICHAEL SEARLE

Phone

6022577177

Tax Period

2023-01-01 to 2023-12-31

ARIZONA FAIRS ASSOCIATION INC, founded in 1977, is a small nonprofit in the Community Improvement sector that reported $268K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $133K, a strong 49% operating margin.

Mission

PROMOTION AND GROWTH OF THE FAIR INDUSTRY AND ALL ITS COMPONENTS WITHIN THE STATE OF ARIZONA.

Program Service Accomplishments

Program 1

PROMOTION AND GROWTH OF THE FAIR INDUSTRY AND ALL ITS COMPONENTS WITHIN THE STATE OF 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $267,146

Investment Income $0

Other Revenue $1,349

TOTAL REVENUE $268,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $135,931

TOTAL EXPENSES $135,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$268,495	$288,081	-0.1%
Expenses	$135,931	$110,338	+0.2%
Net Income	$132,564	$177,743	-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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLEEN GILBOY	PRESIDENT	3.00	Officer Director	$0	$0	$0
TYLER GRANDIL	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL SEARLE	TREASURER	3.00	Officer Director	$0	$0	$0
WANELL COSTELLO	DIRECTOR	4.00	Director	$0	$0	$0
KAREN SEARLE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JON BAKER	PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
DANNY BROWN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS LOPEZ	2ND VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ERIC WOFFORD	DIRECTOR	2.00	Director	$0	$0	$0
TOMMY DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
MISTI TODD	DIRECTOR	2.00	Director	$0	$0	$0
TERRY GODFREY	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$268,495	$135,931	$357,419	$132,564
2022	$288,081	$110,338	$224,855	$177,743