GROUNDSWELL CAPITAL

EIN: 861017490 501(c)(3) Housing & Shelter

TUCSON, AZ

Total Revenue
$1,063,297
Total Expenses
$591,509
Total Assets
$13,828,734
Net Assets
$2,291,773
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
AZ
Principal Officer
ANDREA THOMPSON
Phone
5202226722
Tax Period
2024-07-01 to 2025-06-30

GROUNDSWELL CAPITAL, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $472K, a strong 44% operating margin.

Mission

GROUNDSWELL CAPITAL IS AN ARIZONA-BASED 501(C)(3) NONPROFIT LENDER FOCUSED ON CREATING INNOVATIVE, BLENDED CAPITAL SOLUTIONS TO TACKLE OUR COMMUNITIES' BIGGEST CHALLENGES AND INVEST IN A VIBRANT, CLEAN ECONOMY WHERE ALL RESIDENTS CAN PROSPER.

Program Service Accomplishments

Program 1
Expenses: $273,077 Revenue: $0

COMMUNITY GRANTS - GROUNDSWELL CAPITAL RECEIVES PASS-THROUGH GRANT FUNDING FROM VARIOUS ORGANIZATIONS AND USES THESE FUNDS TO DISTRIBUTE COMMUNITY GRANTS. DEPENDING ON THE TERMS OF EACH CONTRACT, WE...

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COMMUNITY GRANTS - GROUNDSWELL CAPITAL RECEIVES PASS-THROUGH GRANT FUNDING FROM VARIOUS ORGANIZATIONS AND USES THESE FUNDS TO DISTRIBUTE COMMUNITY GRANTS. DEPENDING ON THE TERMS OF EACH CONTRACT, WE MAY RECEIVE AN ADMINISTRATIVE FEE FOR MANAGING THE GRANT PROCESS. OUR ROLE TYPICALLY INCLUDES MARKETING THE GRANT OPPORTUNITY, COLLECTING AND REVIEWING APPLICATIONS, PROCESSING AND DISBURSING AWARDS, TRACKING GRANT ACTIVITY, AND COMMUNICATING WITH APPLICANTS THROUGHOUT THE PROCESS.

Program 2
Expenses: $139,703 Revenue: $119,573

SMALL BUSINESS LOANS - GROUNDSWELL ISSUES UNCOLLATERALIZED, SMALL BUSINESS LOANS TO BORROWERS IN ARIZONA. WE HAVE FLEXIBLE UNDERWRITING STANDARDS AND FOCUS ON CHARACTER BASED LENDING. THIS HELPS US...

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SMALL BUSINESS LOANS - GROUNDSWELL ISSUES UNCOLLATERALIZED, SMALL BUSINESS LOANS TO BORROWERS IN ARIZONA. WE HAVE FLEXIBLE UNDERWRITING STANDARDS AND FOCUS ON CHARACTER BASED LENDING. THIS HELPS US SERVE COMMUNITIES THAT ARE OTHERWISE OVERLOOKED BY TRADITIONAL BANKING LENDERS.

Program 3
Expenses: $112,792 Revenue: $0

EDUCATION AND WORKSHOPS - GROUNDSWELL PROVIDES TECHNICAL ASSISTANCE TO ITS LOAN BORROWERS AND THE WIDER BUSINESS COMMUNITY. WE HOST OFFICE HOURS AS WELL AS WORKSHOPS IN OUR TUCSON SMALL BUSINESS...

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EDUCATION AND WORKSHOPS - GROUNDSWELL PROVIDES TECHNICAL ASSISTANCE TO ITS LOAN BORROWERS AND THE WIDER BUSINESS COMMUNITY. WE HOST OFFICE HOURS AS WELL AS WORKSHOPS IN OUR TUCSON SMALL BUSINESS CENTER. WE OFFER OUR CLASSES IN BOTH ENGLISH AND SPANISH.

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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 $684,792
Program Service Revenue $119,588
Investment Income $131,791
Other Revenue $127,126
TOTAL REVENUE $1,063,297

Expense Breakdown

Grants Paid $233,748
Salaries & Benefits $196,527
Fundraising Expenses $6,615
Program Expenses $534,972
Other Expenses $161,234
TOTAL EXPENSES $591,509

Year-over-Year Comparison

2024 2023 Change
Revenue $1,063,297 $2,426,655 -0.6%
Expenses $591,509 $1,038,222 -0.4%
Net Income $471,788 $1,388,433 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
10

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
$174,854
Total Directors
10
$174,854
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA THOMPSON PRESIDENT 40
Officer Director
$0 $5,074 $174,854
DAVE DICOSOLA VICE-PRESIDENT 1
Officer Director
$0 $0 $0
ROB TULL TREASURER 1
Officer Director
$0 $0 $0
MIGUEL CRUZ BOARD MEMBER 1
Director
$0 $0 $0
ANNE DOUGHERTY BOARD MEMBER 1
Director
$0 $0 $0
AMBER CORDOBA BOARD MEMBER 1
Director
$0 $0 $0
SANDRA BARTON BOARD MEMBER 1
Director
$0 $0 $0
MARK MANSFIELD BOARD MEMBER 1
Director
$0 $0 $0
RITESH PATEL BOARD MEMBER 1
Director
$0 $0 $0
ANGELO TORREALBA BOARD MEMBER 1
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
2025 $1,063,297 $591,509 $13,828,734 $471,788
2024 $2,426,655 $1,038,222 $3,208,352 $1,388,433
2024 No data No data No data No data
2023 $1,003,528 $583,739 $986,986 $419,789
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