CHALLENGE FOUNDATION ARIZONA INC

EIN: 831349329 501(c)(3) Education

PHOENIX, AZ

Total Revenue
$1,095,582
Total Expenses
$778,647
Total Assets
$5,196,802
Net Assets
$5,182,555
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
AZ
Principal Officer
GENE MYERS
Phone
6026995829
Tax Period
2024-06-01 to 2025-05-31

CHALLENGE FOUNDATION ARIZONA INC, founded in 2018, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $317K, a strong 29% operating margin.

Mission

THE CHALLENGE FOUNDATION ARIZONA EMPOWERS STUDENTS TO REACH THEIR FULL POTENTIAL THROUGH ACADEMIC SCHOLARSHIPS AND COMPREHENSIVE SUPPORT, BRIDGING THE GAP TO AN EXTRAORDINARY EDUCATION AND LIFELONG SUCCESS.

Program Service Accomplishments

Program 1
Expenses: $722,241

TUTORING, MENTORING AND ADVISING:THE CHALLENGE FOUNDATION ARIZONA MATCHES STUDENTS WITH A VOLUNTEER MENTOR WHO PARTNERS WITH THE FAMILY AND THE STAFF TO PROVIDE ON-GOING SUPPORT, ENCOURAGEMENT AND...

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TUTORING, MENTORING AND ADVISING:THE CHALLENGE FOUNDATION ARIZONA MATCHES STUDENTS WITH A VOLUNTEER MENTOR WHO PARTNERS WITH THE FAMILY AND THE STAFF TO PROVIDE ON-GOING SUPPORT, ENCOURAGEMENT AND MEANINGFUL EDUCATIONAL EXPERIENCES. THE MENTOR IS A PROFESSIONAL IN OUR COMMUNITY WHO IS TRAINED TO SERVE AS A ROLE MODEL AND TEAM MEMBER IN THE SCHOLARS' EDUCATIONAL JOURNEY. TUTORING IS OFFERED AND ACCESSED AS NEEDED AT EVERY LEVEL OF THE SCHOLARS' EXPERIENCE, FROM 6TH GRADE THROUGH COLLEGE, INCLUDING ACT/SAT PREP. ALL OF THESE SUPPORTS ARE MANAGED BY A CHALLENGE ADVISOR ON STAFF WHO HELPS STUDENTS OVERCOME OBSTACLES IN THEIR PERSONAL AND ACADEMIC LIVES. ADVISORS ATTEND TEACHER CONFERENCES, OBTAIN COMPUTERS, SCHOOL SUPPLIES, ATHLETIC EQUIPMENT, MUSICAL INSTRUMENTS AND COUNSEL THEM THROUGHOUT THE COLLEGE AND FINANCIAL AID APPLICATION PROCESS.

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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 $1,007,509
Program Service Revenue $0
Investment Income $88,073
Other Revenue $0
TOTAL REVENUE $1,095,582

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,288
Fundraising Expenses $22,250
Program Expenses $722,241
Other Expenses $416,359
TOTAL EXPENSES $778,647

Year-over-Year Comparison

2024 2023 Change
Revenue $1,095,582 $1,110,470 0.0%
Expenses $778,647 $657,994 +0.2%
Net Income $316,935 $452,476 -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

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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
9
Independent Members
9
Employees
6
Volunteers
60

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BIRKELBACH BOARD MEMBER 1.00
Director
$0 $0 $0
GENE MYERS PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIN VERNERIS BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MARY ELLEN DALTON BOARD MEMBER 1.00
Director
$0 $0 $0
KARI DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
LATRICE LEE MCINERNEY BOARD MEMBER 1.00
Director
$0 $0 $0
MARK LIVINGSTON BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN SMILEY BOARD MEMBER 1.00
Director
$0 $0 $0
BEN VALORE-CAPLAN BOARD MEMBER 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
2025 $1,095,582 $778,647 $5,196,802 $316,935
2024 $1,110,470 $657,994 $4,836,370 $452,476
2023 $939,239 $645,479 $4,393,342 $293,760
2022 $3,464,686 $444,975 $4,077,717 $3,019,711
2021 $1,270,827 $382,855 $1,120,243 $887,972
2020 $1,116,849 $341,453 $631,667 $775,396
2019 $511,792 $347,351 $1,539,867 $164,441
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