The Friends of Arizona Highways Magazine Foundation (EIN 860522951) - 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

1985

Legal Domicile

Principal Officer

RICK JACOBI

Phone

6027122004

Tax Period

2023-01-01 to 2023-12-31

The Friends of Arizona Highways Magazine Foundation, founded in 1985, is a small nonprofit that reported $897K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

TO EDUCATE, MOTIVATE AND INSPIRE CREATIVITY AND TECHNICAL EXPERTISE IN PHOTOGRAPHY THROUGH EXCEPTIONAL INSTRUCTION BY VISITING EXTRAORDINARY DESTINATIONS IN ARIZONA AND BEYOND.

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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 $4,010

Program Service Revenue $883,021

Investment Income $9,362

Other Revenue $597

TOTAL REVENUE $896,990

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $265,843

Fundraising Expenses $3,512

Program Expenses $834,017

Other Expenses $673,493

TOTAL EXPENSES $940,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$896,990	$1,070,653	-0.2%
Expenses	$940,336	$1,026,793	-0.1%
Net Income	$-43,346	$43,860	-2.0%

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

$168,999

Total Directors

$15,401

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERTA LITES	EXECUTIVE DIRECTOR	045.00	Officer	$162,000	$6,999	$168,999
AMY HORN	DIRECTOR	005.00	Director	$15,401	$0	$15,401
RICK JACOBI	PRESIDENT	003.00	Officer Director	$0	$0	$0
STEPHANOS ANTONAIDES	VICE PRESIDENT	000.50	Officer Director	$0	$0	$0
RON YORK	TREASURER	003.00	Officer Director	$0	$0	$0
JON VEMO	SECRETARY	001.00	Officer Director	$0	$0	$0
MARK LAVERMAN	DIRECTOR	000.50	Director	$0	$0	$0
IVAN MARTINEZ	DIRECTOR	000.50	Director	$0	$0	$0
KAREN FARUGIA	DIRECTOR	000.50	Director	$0	$0	$0
JACK JORDAN	DIRECTOR	000.50	Director	$0	$0	$0
TINA LITTERAL	DIRECTOR	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
2023	$896,990	$940,336	$62,030	$-43,346
2022	$1,070,653	$1,026,793	$612,480	$43,860
2021	$745,925	$761,414	$898,074	$-15,489
2020	$254,910	$397,544	$706,996	$-142,634
2019	$745,454	$778,887	$746,933	$-33,433
2018	$764,728	$838,333	$690,853	$-73,605

The Friends of Arizona Highways Magazine Foundation