ARIZONA MULTIHOUSING 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

1966

Legal Domicile

Principal Officer

COURTNEY LEVINUS

Phone

6022966200

Tax Period

2023-01-01 to 2023-12-31

ARIZONA MULTIHOUSING ASSOCIATION, founded in 1966, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 22% operating margin.

Mission

THE MISSION OF THE ARIZONA MULTIHOUSING ASSOCIATION IS TO REPRESENT, ADVOCATE AND EDUCATE ARIZONA'S RENTAL HOUSING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,771,268

THE MISSION OF THE ARIZONA MULTIHOUSING ASSOCIATION IS TO REPRESENT, ADVOCATE AND EDUCATE ARIZONA'S RENTAL HOUSING COMMUNITY.

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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 $1,782,701

Program Service Revenue $1,577,019

Investment Income $0

Other Revenue $1,369,719

TOTAL REVENUE $4,729,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,222,671

Fundraising Expenses $573,425

Program Expenses $2,771,268

Other Expenses $2,461,406

TOTAL EXPENSES $3,684,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,729,439	$3,609,545	+0.3%
Expenses	$3,684,077	$3,658,482	+0.0%
Net Income	$1,045,362	$-48,937	-22.4%

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

650

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

$395,718

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN BOOMSMA	DIRECTOR	1.00	Director	$0	$0	$0
AMY CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
LUZ BRUSCINI	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
BRANDI REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
BRY CARTER	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA GAMMIE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS EVANS	DIRECTOR	1.00	Director	$0	$0	$0
ANN DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTI MOUTRAY	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN YONKER	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL DEHOAG	DIRECTOR	1.00	Director	$0	$0	$0
DALLIN TIPPETTS	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN LACEY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH BEAULIEU	DIRECTOR	1.00	Director	$0	$0	$0
FLOR APARICIO	DIRECTOR	1.00	Director	$0	$0	$0
GREG STOBART	DIRECTOR	1.00	Director	$0	$0	$0
JAREN BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STACIOKAS	DIRECTOR	1.00	Director	$0	$0	$0
JIM KOWALSKI	DIRECTOR	1.00	Director	$0	$0	$0
KERRI ZEINER-MCINTIRE	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY FLATT	DIRECTOR	1.00	Director	$0	$0	$0
KOHL EISENHOUR	DIRECTOR	1.00	Director	$0	$0	$0
KRISANNE BECKSTEAD	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI THAMES	DIRECTOR	1.00	Director	$0	$0	$0
MARNIE PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE HOWLAND	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
MONICA CHESLEY	DIRECTOR	1.00	Director	$0	$0	$0
PAM MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL KISH	DIRECTOR	1.00	Director	$0	$0	$0
REID BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA WOODER	DIRECTOR	1.00	Director	$0	$0	$0
ROD WILSON	DIRECTOR	1.00	Director	$0	$0	$0
SARA LUSTER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MARCARIAN-DABB	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HINES	DIRECTOR	1.00	Director	$0	$0	$0
STACEY DEAL	DIRECTOR	1.00	Director	$0	$0	$0
STACEY HOGUE	DIRECTOR	1.00	Director	$0	$0	$0
TIM FURNAS	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY CARBOUN	DIRECTOR	1.00	Director	$0	$0	$0
YOLANDA MORENO	DIRECTOR	1.00	Director	$0	$0	$0
LISA ROSENFELD	CHAIR	1.00	Officer	$0	$0	$0
MICHELLE SINCLAIR	TREASURER	1.00	Officer	$0	$0	$0
LUIS VERGER	SECRETARY	1.00	Officer	$0	$0	$0
LINDA COBURN	IMMEDIATE PAST CHAIR	1.00	Officer	$0	$0	$0
ADAM GRECO	DIRECTOR	1.00	Officer	$0	$0	$0
MARK ZINMAN	EX-OFFICIO LEGAL	1.00	Officer	$0	$0	$0
BLYTHE EDMONDSON	EX-OFFICIO	1.00	Officer	$0	$0	$0
CHRISSTOPHER WALKER	EX-OFFICIO	1.00	Officer	$0	$0	$0
DENISE HOLLIDAY	EX-OFFICIO	1.00	Officer	$0	$0	$0
SARAH FLUKE	VICE PRESIDENT OPERATIONS	50.00	Key Emp	$156,018	$0	$156,018
COURTNEY A LEVINUS	CEO & PRESIDENT	50.00	Key Emp	$239,700	$0	$239,700

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	$4,729,439	$3,684,077	$6,856,404	$1,045,362
2022	$3,609,545	$3,658,482	$5,826,944	$-48,937
2021	$3,833,501	$2,797,533	$5,772,889	$1,035,968
2020	$2,706,325	$2,236,626	$5,017,429	$469,699