PRESCOTT VALLEY ECONOMIC DEVELOPMENT FOUNDATION

EIN: 860848640

PRESCOTT VALLEY, AZ

Total Revenue
$7,813
Total Expenses
$62,742
Total Assets
$144,951
Net Assets
$144,951
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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
2000
Legal Domicile
AZ
Tax Period
2023-07-01 to 2024-06-30

PRESCOTT VALLEY ECONOMIC DEVELOPMENT FOUNDATION, founded in 2000, is a micro nonprofit that reported $8K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 703% operating deficit.

Mission

THE GOAL OF THE ORGANIZATION IS TO INCREASE THE STANDARD OF LIVING FOR THE RESIDENTS OF PRESCOTT VALLEY, AZ BY BRINGING NEW NON-RETAIL COMMERCIAL BUSINESSES TO THE PRESCOTT VALLEY AREA. THESE BUSINESSES PROVIDE NEW JOBS FOR THE RESIDENTS AND STIMULATE THE LOCAL ECONOMY.

Program Service Accomplishments

Program 1
Revenue: $6,800

THE ORGANIZATION HAS CEASED PROGRAM OPERATIONS AND IS IN THE PROCESS OF DISSOLVING. ACCORDINGLY, THERE WAS NO PROGRAM REVENUE OR EXPENSES OTHER THAN THE SALE OF THE COMPANY VEHICLE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $7,813
Other Revenue $0
TOTAL REVENUE $7,813

Expense Breakdown

Grants Paid $0
Salaries & Benefits $443
Fundraising Expenses $0
Other Expenses $62,299
TOTAL EXPENSES $62,742

Year-over-Year Comparison

2023 2022 Change
Revenue $7,813 $136,815 -0.9%
Expenses $62,742 $187,094 -0.7%
Net Income $-54,929 $-50,279 +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

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Governance

Voting Members
8
Independent Members
8
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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANE KOEHL DIRECTOR 0.00
Director
$0 $0 $0
MACKENZIE RODGERS DIRECTOR 0.00
Director
$0 $0 $0
DANIELLE RICKERT DIRECTOR 0.00
Director
$0 $0 $0
JOHN POTHAST DIRECTOR 0.00
Director
$0 $0 $0
RON FAIN DIRECTOR 0.00
Director
$0 $0 $0
LISA RHINE DIRECTOR 0.00
Director
$0 $0 $0
JERI A KOOIMAN CHAIRWOMAN 0.00
Officer Director
$0 $0 $0
MIKE DAILEY TREASURER 0.00
Officer 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
2024 $7,813 $62,742 $144,951 $-54,929
2023 $136,815 $187,094 $199,926 $-50,279
2022 $272,697 $285,110 $250,546 $-12,413
2021 $280,203 $265,912 $263,434 $14,291
2020 $293,567 $260,209 $252,575 $33,358
2019 $271,567 $251,773 $218,792 $19,794
2018 $251,301 $250,695 $195,724 $606
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