FIESTA EVENTS INC

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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

1991

Legal Domicile

Principal Officer

ERIK MOSES

Phone

4803500900

Tax Period

2024-04-01 to 2025-03-31

FIESTA EVENTS INC, founded in 1991, is a community nonprofit in the Recreation & Sports sector that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $5.1M exceeded revenue, resulting in a 76% operating deficit.

Mission

FIESTA EVENTS, INC. IS COMMITTED TO FOSTERING A CULTURE OF COMMUNITY OUTREACH AND SERVICE. THE ORGANIZATION HOSTS EVENTS AND COMMUNITY ACTIVITIES THROUGHOUT THE YEAR AS AN OUTLET FOR VOLUNTEER PARTICIPATION, ECONOMIC GROWTHAND CONTINUED SUPPORT OF ARIZONA CHARITABLE ORGANIZATIONS IN THEIR EFFORTS TO REACH OUT AND SERVE OTHERS.

Program Service Accomplishments

Program 1

Expenses: $4,781,790 Revenue: $1,795,749

FIESTA EVENTS, INC.'S MISSION IS TO BE A WORLD-CLASS COMMUNITY ORGANIZATION DEDICATED TO PROVIDING PREMIER LOCAL EVENTS THAT SERVE AS ECONOMIC DRIVERS FOR ARIZONA AND PROVIDE CHARITABLE RESOURCES FOR OUR COMMUNITY. OUR VISION IS TO BE ARIZONA'S LEADING ORGANIZATION IN CREATING UNFORGETTABLE EXPERIENCES THROUGH WORLD-CLASS EVENTS, UNPARALLELED HOSPITALITY AND LIFE-CHANGING COMMUNITY IMPACT, FOCUSED ON PILLARS OF YOUTH, SPORTS AND EDUCATION. FIESTA EVENTS, INC., HOSTS NUMEROUS EVENTS THROUGHOUT THE YEAR, INCLUDING A YEAR-ROUND WISHES FOR TEACHERS PROGRAM, A FOOTBALL KICKOFF EVENT THAT DRAWS APPROXIMATELY 1,200 ATTENDEES, A PAR 3 CHALLENGE OVER THE COURSE OF 3 DAYS, AN AUTOMATED EXTERNAL DEFIBRILLATOR (AED) TRAINING AND DISTRIBUTION PROGRAM, A WEEKLY TELEVISED FIESTA BOWL HIGH SCHOOL FOOTBALL SHOWDOWN, SPONSORSHIP OF ARIZONA INTERSCHOLASTIC ASSOCIATION (AIA) HIGH SCHOOL FOOTBALL CHAMPIONSHIPS, A GIRLS HIGH SCHOOL FLAG FOOTBALL TOURNAMENT, YOUTH FOOTBALL CLINICS, DONATIONS OF FOOTBALL FIELDS, PLAYGROUNDS AND RESOURCE ROOMS TO SCHOOLS AND PARKS IN NEED, ACTIVATION OF KINDNESS ARIZONA WEEK, A TELEVISED PARADE, ALL THE WHILE SERVING OVER 600,000 YOUTH THROUGH ITS CHARITABLE EFFORTS.AS A NON-PROFIT ORGANIZATION, WE BELIEVE IN THE IMPORTANCE OF FOSTERING INTENTIONAL COMMUNITY ENGAGEMENT OF OUTREACH AND SERVICE. OVER THE PAST 15 YEARS, IT IS ESTIMATED THAT FIESTA EVENTS, INC. AND ITS SURROUNDING EVENTS HAVE CONTRIBUTED TO GENERATING OVER $3 BILLION IN ECONOMIC IMPACT FOR ARIZONA AND NEARLY $35 MILLION IN CHARITABLE GIVING TO LOCAL ORGANIZATIONS AND EDUCATORS, THROUGH PROGRAMS LIKE WISHES FOR TEACHERS AND SERVING OVER 600,000 YOUTH THROUGH ITS PROGRAMS.

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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 $1,023,582

Program Service Revenue $1,749,378

Investment Income $0

Other Revenue $125,170

TOTAL REVENUE $2,898,130

Expense Breakdown

Grants Paid $2,294,414

Salaries & Benefits $503,388

Fundraising Expenses $68,789

Program Expenses $4,781,790

Other Expenses $2,308,090

TOTAL EXPENSES $5,105,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,898,130	$3,097,349	-0.1%
Expenses	$5,105,892	$5,171,721	0.0%
Net Income	$-2,207,762	$-2,074,372	+0.1%

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

N/A

Volunteers

1500

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

$1,385,059

Total Directors

$163,748

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYCE HANCOCK	TREASURER (THROUGH 3/25)	1.00	Officer Director	$0	$0	$163,748
JUDY BERNAS	CHAIR-ELECT	2.00	Officer Director	$0	$0	$0
RANDY NORTON	CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN BEDNAR	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BEYERSDORFER	DIRECTOR (AS OF 4/24)	1.00	Director	$0	$0	$0
TIM BROWN	DIRECTOR	2.00	Director	$0	$0	$0
GRAG BYRNE	DIRECTOR (AS OF 4/24)	1.00	Director	$0	$0	$0
DAVE DORWARD	DIRECTOR	1.00	Director	$0	$0	$0
ED ERHARDT	DIRECTOR	1.00	Director	$0	$0	$0
MARK FAST	DIRECTOR	1.00	Director	$0	$0	$0
JUDY FERREIRA	DIRECTOR (AS OF 4/24)	1.00	Director	$0	$0	$0
DAN FILBY	DIRECTOR (AS OF 4/24)	1.00	Director	$0	$0	$0
MARCHELLE FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
HARRY GAREWAL	DIRECTOR	1.00	Director	$0	$0	$0
GARY HANSON	DIRECTOR (AS OF 4/24)	1.00	Director	$0	$0	$0
JAMES HATFIELD	DIRECTOR	1.00	Director	$0	$0	$0
TOM O'MALLEY	DIRECTOR	1.00	Director	$0	$0	$0
RAMEY PERU	DIRECTOR (AS OF 4/24)	1.00	Director	$0	$0	$0
JOHN RAWICZ	DIRECTOR	1.00	Director	$0	$0	$0
DON REESE	DIRECTOR	1.00	Director	$0	$0	$0
DAWN ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL SACCO	DIRECTOR	1.00	Director	$0	$0	$0
DENISE SEOMIN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SMITH	DIRECTOR (THROUGH 3/25)	1.00	Director	$0	$0	$0
GENE SMITH	DIRECTOR	2.00	Director	$0	$0	$0
NICK SMITH	DIRECTOR	2.00	Director	$0	$0	$0
BRENT STODDARD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WILCOX	DIRECTOR	1.00	Director	$0	$0	$0
GLENN WONG	DIRECTOR	1.00	Director	$0	$0	$0
ERIK MOSES	EXECUTIVE DIRECTOR/CEO	8.00	Officer	$0	$39,337	$761,430
HOPE M SHARETT	CHIEF LEGAL & STRATEGY OFFICER	15.00	Officer	$0	$0	$281,479
PETE VAZQUEZ	VP OF FINANCE	10.00	Officer	$0	$0	$178,402
KRISTINA CHUMPOL	CHIEF OF STAFF/VP OF COMM. INV	30.00	Highest	$0	$12,437	$218,887
SCOTT LEIGHTMAN	VP OF COMMUNICATIONS	5.00	Highest	$0	$32,284	$217,981
DANIEL THOMAS NEWHART	VP OF TICKETING	7.00	Highest	$0	$11,702	$158,469
MICHAEL I IAQUINTA SENIOR	VP OF CORP. PARTN. (THROUGH 3/25)	5.00	Highest	$0	$2,823	$152,755
CHRIS MONTGOMERY	SR. DIR OF VOLUNTEER ENGAGEMENT	5.00	Highest	$0	$6,393	$135,727
CURTIS KRIZAN	FORMER CFO (THROUGH 11/23)	5.00		$0	$0	$113,117
JOSE LUIS MORENO	FORMER CMO (THROUGH 5/23)	5.00		$0	$0	$103,014

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	$2,898,130	$5,105,892	$985,727	$-2,207,762
2024	$3,097,349	$5,171,721	$593,405	$-2,074,372
2023	$3,510,459	$5,789,504	$1,287,022	$-2,279,045
2022	$3,617,988	$6,082,879	$1,392,711	$-2,464,891
2021	$2,425,405	$4,735,111	$957,107	$-2,309,706
2020	$2,600,342	$7,498,812	$1,145,858	$-4,898,470
2019	$2,454,286	$5,193,905	$1,373,409	$-2,739,619