ASSOCIATED MINORITY CONTRACTORS OF

EIN: 860991388 Community Improvement

PHOENIX, AZ

Total Revenue
$283,342
Total Expenses
$293,567
Total Assets
$170,670
Net Assets
$151,899
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
AZ
Principal Officer
RICARDO CARLO
Phone
6024950026
Tax Period
2024-01-01 to 2024-12-31

ASSOCIATED MINORITY CONTRACTORS OF, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $283K in total revenue in fiscal year 2024.

Mission

INITIATE, ENCOURAGE, AND ASSIST IN THE FORMATION OF AN EDUCATIONAL INSTITUTE FOR MINORITY AND WOMEN-OWNED CONSTRUCTION CONTRACTORS; INITIATE AND OPERATE TRAINING PROGRAMS FOR PERSONS DESIRING EMPLOYMENT IN THE BUILDING TRADES IN ORDER TO ASSURE EQUAL OPPORTUNITY IN THIS INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $167,267 Revenue: $80,780

TOTAL PROGRAM EXPENSES

Program 2

THE AMCA CONDUCTS SEMINARS AND WORKSHOPS THROUGHOUT THE YEAR WITH THE GOAL OF INCREASING THE NUMBER OF MINORITY-OWNED FIRMS PARTICIPATING IN THE CONSTRUCTION MARKETPLACE. THESE COURSES TRAIN THE...

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THE AMCA CONDUCTS SEMINARS AND WORKSHOPS THROUGHOUT THE YEAR WITH THE GOAL OF INCREASING THE NUMBER OF MINORITY-OWNED FIRMS PARTICIPATING IN THE CONSTRUCTION MARKETPLACE. THESE COURSES TRAIN THE MINORITY CONTRACTOR TO BETTER COMPETE AND PERFORM IN THE PUBLIC AND PRIVATE SECTORS. SEMINARS AND WORKSHOPS ARE PROVIDED AT A SUBSTANTIALLY-REDUCED REGISTRATION FEE WHILE MAINTAINING A HIGH LEVEL OF QUALITY AND COMPETENCE. COURSES ARE TAILORED IN BOTH CONTENT AND INSTRUCTORS, TO ADDRESS ISSUES OF CONCERN TO THE MINORITY CONSTRUCTION FIRM. IN MANY CASES, A CERTIFICATE OF COMPLETION FROM AN AMCA COURSE WILL OPEN THE DOORS TO PREVIOUSLY INACCESSIBLE MARKETS BY ESTABLISHING ELIGIBILITY TO BID IN CERTAIN FIELDS.

Program 3

THE AMCA PROMOTES ITS MEMBERS AND THEIR CAPABILITIES THROUGH NETWORKING OPPORTUNITIES WHICH PROVIDE TIMELY INFORMATION TO MINORITY CONTRACTORS, PROCUREMENT OFFICIALS, AND OTHERS IN THE GOVERNMENT AND...

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THE AMCA PROMOTES ITS MEMBERS AND THEIR CAPABILITIES THROUGH NETWORKING OPPORTUNITIES WHICH PROVIDE TIMELY INFORMATION TO MINORITY CONTRACTORS, PROCUREMENT OFFICIALS, AND OTHERS IN THE GOVERNMENT AND PRIVATE SECTOR WHO ADDRESS THE NEEDS OF MINORITY CONTRACTORS AND CAN ASSIST IN THEIR BUSINESS DEVELOPMENT. THE ORGANIZATION DISTRIBUTES WEEKLY PROCUREMENT BULLETINS, INVITATION TO BID BULLETINS, INFORMATION BULLETINS, QUARTERLY NEWSLETTERS AND LEGISLATIVE BULLETINS.

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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 $127,025
Program Service Revenue $80,780
Investment Income $3,714
Other Revenue $71,823
TOTAL REVENUE $283,342

Expense Breakdown

Grants Paid $0
Salaries & Benefits $184,152
Fundraising Expenses $0
Program Expenses $167,267
Other Expenses $109,415
TOTAL EXPENSES $293,567

Year-over-Year Comparison

2024 2023 Change
Revenue $283,342 $286,040 0.0%
Expenses $293,567 $305,557 0.0%
Net Income $-10,225 $-19,517 -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

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Governance

Voting Members
16
Independent Members
16
Employees
2
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
3
$126,300
Total Directors
16
$126,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICARDO CARLO PRESIDENT 40.00
Officer Director
$126,300 $0 $126,300
BRYONNA ALLEN DIRECTOR N/A
Director
$0 $0 $0
ANTHONY DAVENPORT DIRECTOR N/A
Director
$0 $0 $0
ROSS DIETRICH BOARD CHAIR N/A
Director
$0 $0 $0
SHERRI HILL TREASURER N/A
Officer Director
$0 $0 $0
MARIE HOOVER DIRECTOR N/A
Director
$0 $0 $0
KENT LANE DIRECTOR N/A
Director
$0 $0 $0
BONNIE LUCAS DIRECTOR N/A
Director
$0 $0 $0
CHERRI MARRESE DIRECTOR N/A
Director
$0 $0 $0
NICK MCCULLY DIRECTOR N/A
Director
$0 $0 $0
ROSEMARY MIDDLETON DIRECTOR N/A
Director
$0 $0 $0
JIM QUINN IMMEDIATE PA N/A
Officer Director
$0 $0 $0
TRACY SANDERS SECRETARY N/A
Director
$0 $0 $0
GEORGE SARKIS DIRECTOR N/A
Director
$0 $0 $0
SYLVIA SMITH DIRECTOR N/A
Director
$0 $0 $0
JULIA VILLARREAL DIRECTOR N/A
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 $283,342 $293,567 $170,670 $-10,225
2023 $286,040 $305,557 $213,551 $-19,517
2022 $374,050 $272,524 $202,183 $101,526
2021 $244,757 $243,774 $112,982 $983
2020 $181,685 $239,797 $90,345 $-58,112
2019 $303,759 $211,595 $138,952 $92,164
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