ARIZONA MUSICFEST INC

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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

1991

Legal Domicile

Principal Officer

ALLAN NAPLAN

Phone

4804880806

Tax Period

2024-07-01 to 2025-06-30

ARIZONA MUSICFEST INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 27% operating margin.

Mission

SEE FUNCTIONS DESCRIBED IN PART III, LINE 4A.

Program Service Accomplishments

Program 1

Expenses: $4,373,022 Revenue: $3,692,913

THE MISSION OF ARIZONA MUSICFEST IS TO ENGAGE AND DELIGHT AUDIENCES WITH EXCEPTIONAL CONCERTS; PROMOTE AND INSPIRE YOUNG MUSICIANS THROUGH VALUABLE PERFORMANCE AND SCHOLARSHIP OPPORTUNITIES; AND...

THE MISSION OF ARIZONA MUSICFEST IS TO ENGAGE AND DELIGHT AUDIENCES WITH EXCEPTIONAL CONCERTS; PROMOTE AND INSPIRE YOUNG MUSICIANS THROUGH VALUABLE PERFORMANCE AND SCHOLARSHIP OPPORTUNITIES; AND EDUCATE CHILDREN AND STIMULATE ADULTS THROUGH DYNAMIC MUSIC ENRICHMENT PROGRAMS. THE VISION OF ARIZONA MUSICFEST IS TO BRING THE JOY OF MUSIC TO ALL. THE ANNUAL ARIZONA MUSICFEST CONCERT SEASON TAKES PLACE BETWEEN NOVEMBER AND APRIL, WHILE THE ORGANIZATION'S MUSIC EDUCATION, YOUTH PERFORMANCE PROGRAMS AND ADULT LIFELONG LEARNING OFFERINGS OCCUR YEAR ROUND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,564,240

Program Service Revenue $3,692,913

Investment Income $304,285

Other Revenue $72,198

TOTAL REVENUE $7,633,636

Expense Breakdown

Grants Paid $41,800

Salaries & Benefits $1,050,241

Fundraising Expenses $508,157

Program Expenses $4,373,022

Other Expenses $4,465,344

TOTAL EXPENSES $5,557,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,633,636	$5,235,819	+0.5%
Expenses	$5,557,385	$4,425,183	+0.3%
Net Income	$2,076,251	$810,636	+1.6%

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

Volunteers

150

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

$224,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN NAPLAN	EXEC/PROD DI	40.00	Officer	$224,316	$0	$224,316
DAVID BUZZELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
GERY CHICO	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT COHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY ELIAS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA ENSIGN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK GOLDTHWAITE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY GOLDTHWAITE	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY GRADY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY MARTUSCELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL MCMANUS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT OTTO	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON RE	CO-CHAIR	1.00	Officer Director	$0	$0	$0
DOUG REDDING	TREASURER	1.00	Officer Director	$0	$0	$0
FRANCES ROSENTHAL	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN ROULEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY SCHAMADAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK SCHLIMPERT	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMUEL SWAINHART	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH TIGUE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS WARSAW	SECRETARY	1.00	Officer Director	$0	$0	$0
PAT YATES	BOARD MEMBER	1.00	Director	$0	$0	$0
DORIS YOCK	CO-CHAIR	1.00	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
2025	$7,633,636	$5,557,385	$11,310,793	$2,076,251
2024	$5,235,819	$4,425,183	$7,815,454	$810,636
2023	$4,393,234	$4,022,884	$6,796,096	$370,350
2022	$4,206,685	$3,365,522	$5,724,856	$841,163
2021	$1,868,166	$1,127,532	$5,902,520	$740,634
2020	$3,812,725	$2,496,645	$4,010,539	$1,316,080
2019	$2,345,670	$2,152,402	$2,652,676	$193,268