ARIZONA PRIVATE EDUCATION SCHOLARSHIP FUND INC

EIN: 860958161 501(c)(3) Education

SCOTTSDALE, AZ

Total Revenue
$6,888,314
Total Expenses
$6,153,595
Total Assets
$7,719,045
Net Assets
$7,715,302
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
AZ
Principal Officer
GRANT SARDACHUK
Phone
4806998911
Tax Period
2024-07-01 to 2025-06-30

ARIZONA PRIVATE EDUCATION SCHOLARSHIP FUND INC, founded in 1998, is a community nonprofit in the Education sector that reported $6.9M in total revenue in fiscal year 2024. Expenses of $6.2M left a modest 11% surplus.

Mission

ARIZONA PRIVATE EDUCATION SCHOLARSHIP FUND (APESF) IS A DEDICATED AND ACTIVE PARTNER OF SCHOOL-CHOICE IN THE STATE OF ARIZONA. OUR PRIMARY MISSION IS TO ADVANCE SCHOOL-CHOICE BY PROVIDING FINANCIAL SUPPORT, THROUGH TUITION SCHOLARSHIPS, TO QUALIFIED STUDENTS ATTENDING PRIVATE ARIZONA K-12 SCHOOLS. APESF IS CERTIFIED BY THE ARIZONA DEPARTMENT OF REVENUE AS A SCHOOL TUITION ORGANIZATION PURSUANT TO ARS SECTION 43-1089. APESF UTILIZES STATE TAX CREDIT AND GENERAL DONATION REVENUES TO FULFILL ITS MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,638,308
Program Service Revenue $0
Investment Income $250,006
Other Revenue $0
TOTAL REVENUE $6,888,314

Expense Breakdown

Grants Paid $5,425,998
Salaries & Benefits $266,352
Fundraising Expenses $207,205
Program Expenses $5,601,462
Other Expenses $461,245
TOTAL EXPENSES $6,153,595

Year-over-Year Comparison

2024 2023 Change
Revenue $6,888,314 $7,134,785 0.0%
Expenses $6,153,595 $5,691,788 +0.1%
Net Income $734,719 $1,442,997 -0.5%
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
7
Independent Members
7
Employees
4
Volunteers
7

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
4
$119,116
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRANT SARDACHUK CHAIR 2.00
Officer Director
$0 $0 $0
DR GARY DAMORE SECRETARY 2.00
Officer Director
$0 $0 $0
STEPHEN MOTTE TREASURER 2.00
Officer Director
$0 $0 $0
LISA PIPHER DIRECTOR 0.50
Director
$0 $0 $0
DEREK BOHLEN DIRECTOR 0.50
Director
$0 $0 $0
SHANNON MITCHELL DIRECTOR 2.00
Director
$0 $0 $0
TODD BAUGHMAN DIRECTOR 2.00
Director
$0 $0 $0
RICHARD DOE EXECUTIVE DI 40.00
Officer
$96,602 $22,514 $119,116
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 $6,888,314 $6,153,595 $7,719,045 $734,719
2024 $7,134,785 $5,691,788 $6,983,330 $1,442,997
2023 $5,922,736 $4,717,077 $5,539,242 $1,205,659
2022 $7,500,005 $7,643,616 $4,340,429 $-143,611
2021 $6,932,891 $6,307,754 $4,475,538 $625,137
2020 $7,609,487 $7,632,410 $3,921,870 $-22,923
2019 $9,240,072 $8,415,554 $3,841,268 $824,518
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