ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION (EIN 860542973) - 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

MIGNONNE HOLLIS

Tax Period

2024-07-01 to 2025-06-30

ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $787K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 47% operating deficit.

Mission

Arizona Regional Economic Development Foundation AREDF was incorporated in 1985 to create a thriving, sustainable 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 (2024)

Revenue Breakdown

Contributions & Grants $169,837

Program Service Revenue $565,352

Investment Income $44,299

Other Revenue $7,805

TOTAL REVENUE $787,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $391,422

Fundraising Expenses $72,689

Program Expenses $910,579

Other Expenses $765,885

TOTAL EXPENSES $1,157,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$787,293	$907,354	-0.1%
Expenses	$1,157,307	$1,260,738	-0.1%
Net Income	$-370,014	$-353,384	+0.0%

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

$346,186

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIGNONNE HOLLIS	EXECUTIVE DIRECTOR	040.00	Officer	$130,320	$4,404	$134,724
STEPHANIE REED	BRE DIRECTOR	040.00	Officer	$94,494	$11,970	$106,464
SARAH PACHECO	ECONOMIC DEV DIRECTOR	040.00	Officer	$104,998	$0	$104,998
GARY HAYMORE	BOARD MEMBER	000.50	Director	$0	$0	$0
DR CRAIG WILSON	BOARD MEMBER	000.50	Director	$0	$0	$0
DANIEL MOSIER	BOARD MEMBER	000.50	Director	$0	$0	$0
JOHN CHARLEY	TREASURER	000.50	Officer Director	$0	$0	$0
NANCY HEISER	SECRETARY	000.50	Officer Director	$0	$0	$0
PAUL MELO	PRESIDENT	000.50	Officer Director	$0	$0	$0
SHEILA DEVOE HEIDMAN	VICE PRESIDENT	000.50	Officer Director	$0	$0	$0
GAYLE BERRY	BOARD MEMBER	000.50	Director	$0	$0	$0
RALPH ROBLES	BOARD MEMBER	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
2025	$787,293	$1,157,307	$5,336,525	$-370,014
2024	$907,354	$1,260,738	$5,772,460	$-353,384
2023	$690,328	$1,042,913	$6,314,300	$-352,585
2022	$808,902	$812,265	$6,683,944	$-3,363
2021	$722,991	$652,671	$6,996,205	$70,320
2020	$744,368	$906,829	$6,895,307	$-162,461
2019	$711,292	$816,041	$7,216,603	$-104,749
2018	$646,894	$652,431	$7,462,359	$-5,537

ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION