Arizona Fund Manager Association

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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

2019

Legal Domicile

Principal Officer

Cole Smead

Phone

4806215800

Tax Period

2024-01-01 to 2024-12-31

Arizona Fund Manager Association, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $256K in total revenue in fiscal year 2024. The organization ran a surplus of $159K, a strong 62% operating margin.

Mission

AFMA'S CORE OBJECTIVE IS TO FOSTER THE FUND MANAGER ECOSYSTEM IN ARIZONA BY PROVIDING THE SPACE TO GROW THE ALTERNATIVE INVESTMENT INDUSTRY IN THE STATE.

Program Service Accomplishments

Program 1

AFMAS EVENTS PROVIDE A PLATFORM TO GROW THE FUND ECOSYSTEM, RALLY SUPPORT FROM LOCAL INSTITUTIONS, AND MARKET ARIZONA AS A GREAT PLACE FOR FUND MANAGERS. EVERY AFMA INITIATIVE SUPPORTS INDUSTRY...

AFMAS EVENTS PROVIDE A PLATFORM TO GROW THE FUND ECOSYSTEM, RALLY SUPPORT FROM LOCAL INSTITUTIONS, AND MARKET ARIZONA AS A GREAT PLACE FOR FUND MANAGERS. EVERY AFMA INITIATIVE SUPPORTS INDUSTRY TRANSPARENCY AND INCLUSION FOR OUR MEMBERS.

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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 $234,961

Program Service Revenue $21,215

Investment Income $0

Other Revenue $0

TOTAL REVENUE $256,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,308

Fundraising Expenses $0

Other Expenses $80,295

TOTAL EXPENSES $97,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,176	N/A	N/A
Expenses	$97,603	N/A	N/A
Net Income	$158,573	N/A	N/A

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

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
John Dunlap	Director	0.50	Officer Director	$0	$0	$0
Kyle Brown	Director	0.50	Director	$0	$0	$0
Alex Chucri	Director	0.50	Director	$0	$0	$0
Joe Hegner	Director	0.50	Director	$0	$0	$0
Jeff Padden	Director	0.50	Director	$0	$0	$0
Katrina Santa Maria	Director	0.50	Director	$0	$0	$0
Jack Selby	Director	0.50	Director	$0	$0	$0
Ashok Santhanam	Director	0.50	Director	$0	$0	$0
Cole Smead	Chairman	0.50	Director	$0	$0	$0
Conor O'Callaghan	Director	0.50	Director	$0	$0	$0
Alex Becker	Treasurer	1.00	Officer	$0	$0	$0
Cathy Herring	Secretary	1.00	Officer	$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	$256,176	$97,603	$253,924	$158,573