PHOENIX, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE ARIZONA VENTURE DEVELOPMENT CORPORATION (AVC) IS A NONPROFIT ORGANIZATION ESTABLISHED TO PROMOTE ACCESS TO EQUITY CAPITAL FOR UNDERREPRESENTED BUSINESSES, CATALYZE PRIVATE INVESTMENT, AND FUEL ECONOMIC GROWTH AND JOB CREATION IN ARIZONA.
AS OF JUNE 30, 2024, AVC HAS SUCCESSFULLY ALLOCATED $26.8 MILLION TO 21 INNOVATIVE PORTFOLIO COMPANIES, INCLUDING NINE PREVIOUSLY HIGHLIGHTED VENTURES. THESE STRATEGIC INVESTMENTS HAVE GENERATED A...
AS OF JUNE 30, 2024, AVC HAS SUCCESSFULLY ALLOCATED $26.8 MILLION TO 21 INNOVATIVE PORTFOLIO COMPANIES, INCLUDING NINE PREVIOUSLY HIGHLIGHTED VENTURES. THESE STRATEGIC INVESTMENTS HAVE GENERATED A TOTAL OF $268.5 MILLION IN PRIVATE CAPITAL, REFLECTING A 2.28% GROWTH. THIS PROGRESS IS PROJECTED TO ENHANCE ARIZONA'S GDP BY 2.36%, REACHING AN ESTIMATED $670.5 MILLION.ADDITIONALLY, WE ANTICIPATE THE CREATION OF 1,073 HIGH-PAYING JOBS AND A PROJECTED 2.07% INCREASE IN TAX REVENUE, WHICH IS EXPECTED TO RISE TO $34.5 MILLION.AT AVC, OUR MISSION EXTENDS BEYOND FINANCIAL METRICS; WE ARE DEDICATED TO FOSTERING AN INCLUSIVE AND DIVERSE INVESTMENT ECOSYSTEM ACROSS ARIZONA. WE ARE PROUD TO REPORT THAT OVER 40% OF OUR FUNDING IS DIRECTED TOWARD BUSINESSES OWNED BY SOCIALLY AND ECONOMICALLY DISADVANTAGED INDIVIDUALS (SEDI). THROUGH THESE EFFORTS, WE ARE NOT JUST INVESTING IN COMPANIES; WE ARE INVESTING IN COMMUNITIES AND A BRIGHTER FUTURE FOR ALL ARIZONANS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare AZ VENTURE CAPITAL INC with other nonprofits in Arizona and across the country.