ARIZONA FOOD & DRUG INDUSTRY FOUNDA

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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

1996

Legal Domicile

Principal Officer

LISA BEDNAR

Phone

6022529761

Tax Period

2023-01-01 to 2023-12-31

ARIZONA FOOD & DRUG INDUSTRY FOUNDA, founded in 1996, is a small nonprofit in the Education sector that reported $570K in total revenue in fiscal year 2023. Revenue surged 300% from the prior year, signaling strong growth momentum. The organization ran a surplus of $313K, a strong 55% operating margin.

Mission

THE ARIZONA FOOD & DRUG INDUSTRY EDUCATION FOUNDATION WAS ESTABLISHED SOLELY AND EXCLUSIVELY TO SUPPORT AND ENCOURAGE EDUCATION, TRAINING AND INSTRUCTION FOR THE ARIZONA FOOD INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $243,004

THE ARIZONA FOOD & DRUG INDUSTRY EDUCATION FOUNDATION PROVIDES SCHOLARSHIPS AND TUITION REIMBURSEMENT TO INDIVIDUALS EMPLOYED IN THE FOOD INDUSTRY. IN 2023 THE FOUNDATION PROVIDED SCHOLARSHIPS TO 170 FOOD INDUSTRY EMPLOYEES, CONTINUED FUNDING THE FOOD INDUSTRY MANAGEMENT SCHOLARSHIP AT ASU'S MORRISON SCHOOL OF BUSINESS, AND PAID TUITION REIMBURSEMENT TO 4 INDUSTRY EMPLOYEES.

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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 $405,726

Program Service Revenue $0

Investment Income $53,596

Other Revenue $110,878

TOTAL REVENUE $570,200

Expense Breakdown

Grants Paid $242,800

Salaries & Benefits $0

Fundraising Expenses $7,620

Program Expenses $243,004

Other Expenses $14,619

TOTAL EXPENSES $257,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$570,200	$142,587	+3.0%
Expenses	$257,419	$223,288	+0.2%
Net Income	$312,781	$-80,701	-4.9%

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

N/A

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

$278,520

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK MILLER	PRESIDENT	N/A	Officer	$0	$16,120	$177,320
LISA BEDNAR	ADMINISTRATO	N/A	Officer	$0	$9,200	$101,200
SABRINA DOMINGUEZ	TRUSTEE	N/A	Director	$0	$0	$0
KARLA GARSHA	TRUSTEE	N/A	Director	$0	$0	$0
KAREN LEIPART	TRUSTEE	N/A	Director	$0	$0	$0
NATALIE MURPHY	TRUSTEE	N/A	Director	$0	$0	$0
JIM NYGREN	TRUSTEE EMER	N/A	Director	$0	$0	$0
RENEE SHAW HUGHNER PHD	TRUSTEE	N/A	Director	$0	$0	$0
DEBBIE ROTH	TRUSTEE EMER	N/A	Director	$0	$0	$0
ADAM SALGADO	TRUSTEE	N/A	Director	$0	$0	$0
MIKE SMITH	TRUSTEE	N/A	Director	$0	$0	$0
DONNA TANORI	TRUSTEE	N/A	Director	$0	$0	$0
MICHELLE TAYLOR	TRUSTEE	N/A	Director	$0	$0	$0
GRANT LASITER	VICE CHAIRMA	N/A	Officer	$0	$0	$0
TERRY MORRISON	CHARIMAN	N/A	Officer	$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
2024	No data	No data	No data	No data
2023	$570,200	$257,419	$1,420,334	$312,781
2022	$142,587	$223,288	$1,138,360	$-80,701
2021	$223,055	$196,384	$1,226,584	$26,671
2020	$208,872	$168,886	$1,117,512	$39,986
2019	$230,997	$205,897	$1,062,671	$25,100
2018	$181,654	$279,346	$916,135	$-97,692