ARIZONA CAPITAL SOURCE (EIN 860403989) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

GARY MOLENDA

Phone

6026667650

Tax Period

2023-10-01 to 2024-09-30

ARIZONA CAPITAL SOURCE, founded in 1979, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1000K, a strong 19% operating margin.

Mission

PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF THE ARIZONA ECONOMY.

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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 $0

Program Service Revenue $4,609,836

Investment Income $342,296

Other Revenue $351,347

TOTAL REVENUE $5,303,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,330,662

Fundraising Expenses $0

Program Expenses $3,705,825

Other Expenses $1,972,826

TOTAL EXPENSES $4,303,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,303,479	$4,460,265	+0.2%
Expenses	$4,303,488	$4,455,308	0.0%
Net Income	$999,991	$4,957	+200.7%

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

$698,688

Total Directors

$7,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY MOLENDA	PRESIDENT	40.00	Officer	$255,471	$40,400	$295,871
ASHLEY HERKO-MAPES	VP RELATIONSHIP MGR (THRU 9/24)	40.00	Highest	$167,463	$23,146	$190,609
LORI SIMMONS	VP RELATIONSHIP MGR	40.00	Highest	$155,331	$16,432	$171,763
GABRIEL GOMEZ	EXECUTIVE VP OPERATIONS	40.00	Officer	$166,410	$27,666	$194,076
TODD WHISLER	SR. VP MARKETING (THRU 10/23)	40.00	Officer	$176,433	$30,558	$206,991
JENNIFER ROGERS	VP & CLOSING MGR (THRU 7/24)	40.00	Highest	$135,334	$2,073	$137,407
BRENT SMITH	VP & CREDIT MGR	40.00	Highest	$119,799	$10,936	$130,735
MICHAEL S HAMMOND	CHAIR	1.00	Officer Director	$950	$0	$950
BENJAMIN DANNER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SEAN MURRAY	SECRETARY	1.00	Officer Director	$800	$0	$800
MARK JEBELIAN	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER ALAI	DIRECTOR	1.00	Director	$0	$0	$0
GRANT BELTER	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN CASUGA	DIRECTOR	1.00	Director	$800	$0	$800
KENDALL BERT	DIRECTOR	1.00	Director	$1,100	$0	$1,100
GILBERT DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY HAYS	DIRECTOR	1.00	Director	$0	$0	$0
NICK HUDEC	DIRECTOR	1.00	Director	$650	$0	$650
JOHN MOOTHART	DIRECTOR	1.00	Director	$1,100	$0	$1,100
LAURIE SANDAU	DIRECTOR	1.00	Director	$0	$0	$0
JUDY SCALISE	DIRECTOR	1.00	Director	$1,100	$0	$1,100
DAVID WELSH	DIRECTOR	1.00	Director	$800	$0	$800
MICHAEL WETNIGHT	DIRECTOR	1.00	Director	$650	$0	$650

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	$5,303,479	$4,303,488	$23,376,806	$999,991
2023	$4,460,265	$4,455,308	$19,838,061	$4,957
2022	$3,876,649	$3,826,442	$18,805,099	$50,207
2021	$4,107,444	$3,764,792	$22,193,625	$342,652
2020	$4,510,479	$4,121,662	$26,085,910	$388,817
2019	$4,106,497	$3,646,866	$21,168,674	$459,631
2018	$3,210,481	$2,709,229	$13,123,173	$501,252

ARIZONA CAPITAL SOURCE