AZ VENTURE CAPITAL INC (EIN 882595973) - 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

2022

Legal Domicile

Principal Officer

JAMES GOULKA

Phone

9544681748

Tax Period

2023-07-01 to 2024-06-30

AZ VENTURE CAPITAL INC, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 4% surplus.

Mission

TO PROMOTE ACCESS TO EQUITY CAPITAL TO UNDERREPRESENTED BUSINESSES, CATALYZE PRIVATE INVESTMENT, AND FUEL ECONOMIC GROWTH AND GOOD JOBS IN ARIZONA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,130,230

Program Service Revenue $0

Investment Income $246

Other Revenue $0

TOTAL REVENUE $1,130,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $651,768

Fundraising Expenses $0

Program Expenses $917,824

Other Expenses $428,462

TOTAL EXPENSES $1,080,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,130,476	$8,243,963	-0.9%
Expenses	$1,080,230	$1,178,992	-0.1%
Net Income	$50,246	$7,064,971	-1.0%

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

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

$304,988

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL GENTLES	BOARD MEMBER (THRU 03/2024)	0.00	Director	$0	$0	$0
PAUL HICKMAN	CHAIRMAN (THRU 08/2023)	0.00	Officer Director	$0	$0	$0
CHERYL LOMBARD	SECRETARY (THRU 03/2024)	0.00	Officer Director	$0	$0	$0
VADA MANAGER	BOARD MEMBER	0.00	Director	$0	$0	$0
DANNY SEIDEN	BOARD MEMBER (THRU 03/2024)	0.00	Director	$0	$0	$0
JIM SWANSON	TREASURER	0.00	Officer Director	$0	$0	$0
SANDRA WATSON	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
GARY TRUJILLO	BOARD MEMBER (THRU 03/2024)	0.00	Director	$0	$0	$0
ANDREW LOMBARD	PRESIDENT & CEO	1.00	Officer	$264,798	$40,190	$304,988
JENNIFER PALMER	EXECUTIVE ASSISTANT TO CEO	1.00	Highest	$109,250	$2,174	$111,424

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	$1,130,476	$1,080,230	$9,340,891	$50,246
2023	$8,243,963	$1,178,992	$7,402,095	$7,064,971

AZ VENTURE CAPITAL INC