CITY OF SCOTTSDALE MUNICIPAL PROPERTY CORPORATION (EIN 866057318) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

Principal Officer

JOHN ARNOLD

Phone

4803122437

Tax Period

2024-07-01 to 2025-06-30

CITY OF SCOTTSDALE MUNICIPAL PROPERTY CORPORATION, founded in 1967, is a mid-sized nonprofit that reported $48.4M in total revenue in fiscal year 2024. Expenses of $124.2M exceeded revenue, resulting in a 157% operating deficit.

Mission

THE CORPORATION EXISTS SOLELY TO FINANCE CAPITAL PROJECTS FOR THE CITY OF SCOTTSDALE, AZ.

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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 $0

Program Service Revenue $48,126,294

Investment Income $244,158

Other Revenue $141

TOTAL REVENUE $48,370,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,153,237

Other Expenses $124,153,237

TOTAL EXPENSES $124,153,237

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,370,593	$49,014,828	0.0%
Expenses	$124,153,237	$49,014,828	+1.5%
Net Income	$-75,782,644	$0	N/A

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID SMITH	PRESIDENT	Officer Director	$0	$0	$0
JOHN ARNOLD	VICE-PRESIDENT	Officer Director	$0	$0	$0
KENNETH HARDER	TREASURER	Officer Director	$0	$0	$0
FRED SOCOLOFF	MEMBER	Director	$0	$0	$0
DENNIS ROBBINS	SECRETARY	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	$48,370,593	$124,153,237	$536,265,381	$-75,782,644
2024	$49,014,828	$49,014,828	$407,112,054	No data
2023	$48,575,000	$48,751,199	$443,328,975	$-176,199
2022	$48,828,086	$50,166,371	$479,997,584	$-1,338,285
2021	$50,292,700	$53,684,135	$514,499,554	$-3,391,435
2020	$55,437,949	$111,311,498	$556,573,512	$-55,873,549
2019	$53,243,795	$60,678,667	$561,410,674	$-7,434,872
2018	$50,739,895	$83,352,181	$604,494,304	$-32,612,286

CITY OF SCOTTSDALE MUNICIPAL PROPERTY CORPORATION