ARIZONA NURSES 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

1948

Legal Domicile

Principal Officer

HEIDI SANBORN

Phone

4803518585

Tax Period

2024-01-01 to 2024-12-31

ARIZONA NURSES ASSOCIATION, founded in 1948, is a small nonprofit that reported $532K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring.

Mission

TO FOSTER HIGH STANDARDS OF NURSING PRACTICE AND PROMOTE THE PROFESSIONAL AND EDUCATIONAL ADVANCEMENT OF REGISTERED NURSES

Program Service Accomplishments

Program 1

THE MISSION OF THE ARIZONA NURSES ASSOCIATION IS TO SUPPORT ADVANCEMENT OF THE NURSING PROFESSION TO PROMOTE A HEALTHY ARIZONA. WITH MORE THAN 3900 MEMBERS, AZNA IS THE 5TH LARGEST MEMBERSHIP...

THE MISSION OF THE ARIZONA NURSES ASSOCIATION IS TO SUPPORT ADVANCEMENT OF THE NURSING PROFESSION TO PROMOTE A HEALTHY ARIZONA. WITH MORE THAN 3900 MEMBERS, AZNA IS THE 5TH LARGEST MEMBERSHIP ORGANIZATION IN THE STATE OF ARIZONA PHOENIX BUSINESS JOURNAL, JUNE 2024. IN 2024, AZNA PROVIDED ONGOING CLINICAL UPDATES AND EDUCATION TO OVER 200 ARIZONA ADVANCE PRACTICE REGISTERED NURSES, WITH ADDITIONAL EVENTS SUPPORTING RNS IN AREAS OF ADVOCACY, WELL-BEING, RESILIENCE, AND COMMUNITY OPPORTUNITIES. PARTICIPATED IN PROGRAM CREATING OPPORTUNITIES FOR RNS TO COMPLETE ADVANCED BOARD EDUCATION AND CERTIFICATION WITHIN THEIR SPECIALTIES.

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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 $22,646

Program Service Revenue $454,899

Investment Income $30,403

Other Revenue $24,080

TOTAL REVENUE $532,028

Expense Breakdown

Grants Paid $36,710

Salaries & Benefits $212,117

Fundraising Expenses $0

Other Expenses $310,719

TOTAL EXPENSES $559,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$532,028	$1,354,931	-0.6%
Expenses	$559,546	$853,720	-0.3%
Net Income	$-27,518	$501,211	-1.1%

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

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

$117,298

Total Directors

$1,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY KNEFELKAMP	CEO	040.00	Officer	$111,000	$5,298	$116,298
AMBER PORTER	GOVT AFFAIRS OFFICER	002.00	Officer Director	$1,000	$0	$1,000
HEIDI SANBORN	PRESIDENT	010.00	Officer Director	$0	$0	$0
SHERRIE PALMIERI	PRESIDENT ELECT	003.00	Officer Director	$0	$0	$0
SHANNON CAMPBELL	TREASURER	001.00	Officer Director	$0	$0	$0
AMANDA BROWN	SECRETARY	001.00	Officer Director	$0	$0	$0
ELIZABETH GARRISON	DIRECTOR-AT-LARGE FROM 09/18/24	000.50	Director	$0	$0	$0
LOKELANE AHYO	DIRECTOR-AT-LARGE FROM 12/06/24	000.50	Director	$0	$0	$0
MICHELLE TAYLOR	DIRECTOR-AT-LARGE THRU 11/12/24	000.50	Director	$0	$0	$0
KULDEEP SINGH	DIRECTOR-AT-LARGE THRU 09/18/24	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
2024	$532,028	$559,546	$1,084,120	$-27,518
2023	$1,354,931	$853,720	$1,108,387	$501,211
2022	$683,662	$750,023	$499,613	$-66,361
2021	$565,333	$514,173	$593,260	$51,160
2020	$594,942	$579,120	$506,355	$15,822
2019	$670,392	$765,678	$438,219	$-95,286
2018	$688,256	$677,747	$474,107	$10,509