Finishing Trades Institute of Ariz… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

Board of Trustees

Phone

6022440768

Tax Period

2024-06-01 to 2025-05-31

Finishing Trades Institute of Arizona, founded in 1964, is a small nonprofit that reported $521K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $479K left a modest 8% surplus.

Mission

To provide training in the painting and drywall trades.

Program Service Accomplishments

Program 1

Expenses: $447,148

The organization administers apprenticeship and journeyman training to enable participants to become members of the painting and drywall trades.

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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 $111,800

Program Service Revenue $409,151

Investment Income $0

Other Revenue $0

TOTAL REVENUE $520,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $324,829

Fundraising Expenses $0

Program Expenses $447,148

Other Expenses $154,484

TOTAL EXPENSES $479,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$520,951	$436,569	+0.2%
Expenses	$479,313	$380,422	+0.3%
Net Income	$41,638	$56,147	-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

N/A

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 CANNON	Chairman	1.00	Officer Director	$0	$0	$0
Ana Hanson	Co-Chairman	1.00	Officer Director	$0	$0	$0
Luis Robles	Trustee	1.00	Director	$0	$0	$0
Mario Santoyo	Trustee	1.00	Director	$0	$0	$0
ZACHARY FARMER	Trustee	1.00	Director	$0	$0	$0
Glenn Gong	Trustee	1.00	Director	$0	$0	$0
Grant Koepke	Trustee	1.00	Director	$0	$0	$0
Ryan Kinsella	Trustee	1.00	Director	$0	$0	$0
Michael Vazquez	Trustee	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	$520,951	$479,313	$1,106,501	$41,638
2024	$436,569	$380,422	$937,947	$56,147
2023	$369,542	$334,734	$951,350	$34,808
2022	$313,733	$306,895	$831,790	$6,838
2021	$373,875	$335,679	$834,321	$38,196
2020	$409,197	$311,707	$791,987	$97,490
2019	$457,107	$327,765	$699,674	$129,342
2018	$416,512	$279,548	$578,396	$136,964

Finishing Trades Institute of Arizona