GREATER PHOENIX ECONOMIC COUNCIL

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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

1989

Legal Domicile

Principal Officer

THOMAS MAYNARD

Phone

6022567700

Tax Period

2024-07-01 to 2025-06-30

GREATER PHOENIX ECONOMIC COUNCIL, founded in 1989, is a mid-sized nonprofit in the Community Improvement sector that reported $10.3M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $9.2M left a modest 11% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO ATTRACT AND GROW QUALITY BUSINESSES AND ADVOCATE FOR GREATER PHOENIX'S COMPETITIVENESS.

Program Service Accomplishments

Program 1

Expenses: $7,563,998 Revenue: $3,721,391

IN FY25, GPEC WORKED WITH ITS STAKEHOLDERS AND MEMBER COMMUNITIES TO ATTRACT 54 COMPANIES TO THE MARKET, ADDING $572.02M IN INCREMENTAL PAYROLL, COMPRISING 7,206 PROJECTED NEW JOBS OF WHICH 4,983...

IN FY25, GPEC WORKED WITH ITS STAKEHOLDERS AND MEMBER COMMUNITIES TO ATTRACT 54 COMPANIES TO THE MARKET, ADDING $572.02M IN INCREMENTAL PAYROLL, COMPRISING 7,206 PROJECTED NEW JOBS OF WHICH 4,983 WERE AT AN AVERAGE HIGH-WAGE OF $91,206. GPEC HAD 264 PROSPECTS, OF WHICH 78 WERE INTERNATIONAL.

Program 2

Expenses: $118,267 Revenue: $0

IN FY25, GPEC BEGAN DEVELOPMENT OF A UNIQUE BRAND PLATFORM THAT WILL BE LAUNCHED IN FY26 TO BOTH BUILD LOCAL RECOGNITION AND PRIDE AND CREATE A UNIFIED BRAND NATIONALLY AND INTERNATIONALLY...

IN FY25, GPEC BEGAN DEVELOPMENT OF A UNIQUE BRAND PLATFORM THAT WILL BE LAUNCHED IN FY26 TO BOTH BUILD LOCAL RECOGNITION AND PRIDE AND CREATE A UNIFIED BRAND NATIONALLY AND INTERNATIONALLY HIGHLIGHTING THE REGION AS "A NEW WAY TO CITY" THAT IS FOCUSED ON INNOVATION AND GREATER PHOENIX'S POSITION TO GROW THE TALENT AND INDUSTRIES OF THE FUTURE.

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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 $6,602,641

Program Service Revenue $3,721,391

Investment Income $14,518

Other Revenue $0

TOTAL REVENUE $10,338,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,424,787

Fundraising Expenses $295,408

Program Expenses $7,682,265

Other Expenses $3,754,219

TOTAL EXPENSES $9,179,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,338,550	$8,638,924	+0.2%
Expenses	$9,179,006	$8,228,623	+0.1%
Net Income	$1,159,544	$410,301	+1.8%

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

100

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

$735,764

Total Directors

100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS CAMACHO	PRESIDENT/CEO	40.00	Officer	$648,736	$87,028	$735,764
BRAD SMIDT	SVP OF BUSINESS DEVELOPMENT	40.00	Highest	$197,006	$29,745	$226,751
THOMAS MAYNARD	SVP OF BUSINESS DEVELOPMENT	40.00	Highest	$192,754	$21,456	$214,210
MAUREEN HOWELL	CHIEF OPERATING OFFICER	40.00	Highest	$188,677	$21,180	$209,857
KATHLEEN LEE	SVP OF REGIONAL INITIATIVES	40.00	Highest	$179,205	$20,830	$200,035
SEAN FOGARTY	VP OF BUSINESS DEVELOPMENT	40.00	Highest	$159,473	$18,812	$178,285
DERRICK HALL	CHAIR	1.00	Officer Director	$0	$0	$0
TAMMY MCLEOD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RON BUTLER	TREASURER	1.00	Officer Director	$0	$0	$0
BRAD VYNALEK	SECRETARY	1.00	Officer Director	$0	$0	$0
ED AARONSON	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN ACKAERT	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL BARAJAS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BARTON	DIRECTOR	1.00	Director	$0	$0	$0
JASON BECK	DIRECTOR	1.00	Director	$0	$0	$0
KYLE BECTON	DIRECTOR (UNTIL 03/2025)	1.00	Director	$0	$0	$0
COREY BERENDS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BETTS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BRADY	DIRECTOR	1.00	Director	$0	$0	$0
JARETT BROCK	DIRECTOR	1.00	Director	$0	$0	$0
MATHEW BUCHWALD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CANADA	DIRECTOR (UNTIL 12/2024)	1.00	Director	$0	$0	$0
EDWARD CARR	DIRECTOR	1.00	Director	$0	$0	$0
SONNY CAVE	DIRECTOR	1.00	Director	$0	$0	$0
WENDY COHEN	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA CREEDON	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL CRUMP	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CURRIER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DEROSE	DIRECTOR	1.00	Director	$0	$0	$0
TOMAS DIAZ DE LA RUBIA	DIRECTOR	1.00	Director	$0	$0	$0
ROSHY DIDEHBAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY FEDEWA	DIRECTOR	1.00	Director	$0	$0	$0
LISA FITZGIBBONS	DIRECTOR	1.00	Director	$0	$0	$0
KATE GALLEGO	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS GALVIN	DIRECTOR	1.00	Director	$0	$0	$0
BILL GATES	DIRECTOR (UNTIL 03/2025)	1.00	Director	$0	$0	$0
ANDREW GEIER	DIRECTOR	1.00	Director	$0	$0	$0
TED GEISLER	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN GOEPPINGER	DIRECTOR	1.00	Director	$0	$0	$0
MAX GONZALES	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GROGAN	DIRECTOR	1.00	Director	$0	$0	$0
SHARRON GRZYBOWSKI	DIRECTOR (UNTIL 03/2025)	1.00	Director	$0	$0	$0
SHARON HARPER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HARTKE	DIRECTOR	1.00	Director	$0	$0	$0
PETER HECK	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HENDRICKSON	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS HERMOSILLO	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
TONY HOUSTON	DIRECTOR	1.00	Director	$0	$0	$0
JOE HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI JANNENGA	DIRECTOR (UNTIL 03/2025)	1.00	Director	$0	$0	$0
BRETT JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN JONES	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KEAVENEY	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA KLOEFKORN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KOCH	DIRECTOR	1.00	Director	$0	$0	$0
ANDRE KUDELSKI	DIRECTOR	1.00	Director	$0	$0	$0
TODD LAPORTE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LEVAULT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LOWE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LUNA	DIRECTOR	1.00	Director	$0	$0	$0
RAM MAYAMPURATH	DIRECTOR (UNTIL 08/2024)	1.00	Director	$0	$0	$0
DEA MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG MCFARLAND	DIRECTOR (UNTIL 03/2025)	1.00	Director	$0	$0	$0
CIARAN MCMULLAN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA MEFFORD-MILLER	DIRECTOR	1.00	Director	$0	$0	$0
SALLY MORTON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MYERS	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS NAJAFI	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS NIELSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ORSBORN	DIRECTOR	1.00	Director	$0	$0	$0
NATASCHA OVANDO-KARADSHEH	DIRECTOR	1.00	Director	$0	$0	$0
AMY PERRY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PHELPS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PINEDA	DIRECTOR	1.00	Director	$0	$0	$0
JOE PIZZILLO	DIRECTOR	1.00	Director	$0	$0	$0
WILL REHRIG	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RIVERS	DIRECTOR	1.00	Director	$0	$0	$0
JUAN RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ROUSSEAU	DIRECTOR	1.00	Director	$0	$0	$0
MARC SCHMITTLEIN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN SORENSEN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SPURGEON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STEIN	DIRECTOR	1.00	Director	$0	$0	$0
KYLE STEINBUCH	DIRECTOR	1.00	Director	$0	$0	$0
MARK STEWART	DIRECTOR	1.00	Director	$0	$0	$0
CATHY TEETER	DIRECTOR	1.00	Director	$0	$0	$0
KERI TIGNINI	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN TULIPANA	DIRECTOR	1.00	Director	$0	$0	$0
KEN VECCHIONE	DIRECTOR	1.00	Director	$0	$0	$0
CATHLEEN WALKER	DIRECTOR (UNTIL 03/2025)	1.00	Director	$0	$0	$0
ANDY WARREN	DIRECTOR	1.00	Director	$0	$0	$0
RICK WATTS	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE WESTEMEIER	DIRECTOR	1.00	Director	$0	$0	$0
JULIA WHEATLEY	DIRECTOR	1.00	Director	$0	$0	$0
COREY WOODS	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS ZAHARIS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ZONNEVELD	DIRECTOR	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	$10,338,550	$9,179,006	$11,038,156	$1,159,544
2024	$8,638,924	$8,228,623	$9,735,425	$410,301
2023	$9,013,171	$8,368,807	$7,119,312	$644,364
2022	$7,545,492	$7,354,440	$6,926,984	$191,052
2021	$7,256,157	$6,258,166	$5,751,370	$997,991
2020	$6,965,030	$6,809,302	$5,472,151	$155,728
2019	$6,540,079	$6,784,344	$4,503,250	$-244,265
2018	$6,084,709	$5,901,589	$4,752,101	$183,120