NonprofitsArizona Capital Source

Arizona Capital Source

TUCSON, AZ

Total revenue

$5.3M

Total expenses

$4.3M

Net assets

$14.8M

Grants received

EIN

860403989

Tax year

2023

Mission

Promoting and assisting the growth and development of the arizona economy.

Programs

3 programs

Sba community advantage 7(a) lending - provide affordable financing to small businesses.

Expenses: $571K

Economic development consulting - assist other non profits or governmental entities with projects that promote economic development and growth.

Expenses: $202K

Community lending

Expenses: $347K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$4.6M
Investment income$342K
Other revenue$351K
Total revenue$5.3M

Expenses

Grants paid
Salaries & benefits$2.3M
Fundraising
Other expenses$2.0M
Total expenses$4.3M
Total assets$23.4M
Net assets$14.8M

People

23 listed

NameRoleCompensation

GARY MOLENDA

PRESIDENT

Board

$255K

40 hrs/wk

TODD WHISLER

SR. VP MARKETING (THRU 10/23)

Board

$176K

40 hrs/wk

GABRIEL GOMEZ

EXECUTIVE VP OPERATIONS

Board

$166K

40 hrs/wk

JOHN MOOTHART

DIRECTOR

Board

$1K

1 hrs/wk

KENDALL BERT

DIRECTOR

Board

$1K

1 hrs/wk

JUDY SCALISE

DIRECTOR

Board

$1K

1 hrs/wk

MICHAEL S HAMMOND

CHAIR

Board

$950

1 hrs/wk

DAVID WELSH

DIRECTOR

Board

$800

1 hrs/wk

SEAN MURRAY

SECRETARY

Board

$800

1 hrs/wk

EVELYN CASUGA

DIRECTOR

Board

$800

1 hrs/wk

MICHAEL WETNIGHT

DIRECTOR

Board

$650

1 hrs/wk

NICK HUDEC

DIRECTOR

Board

$650

1 hrs/wk

JEFFREY HAYS

DIRECTOR

Board

1 hrs/wk

BENJAMIN DANNER

VICE CHAIR

Board

1 hrs/wk

GRANT BELTER

DIRECTOR

Board

1 hrs/wk

LAURIE SANDAU

DIRECTOR

Board

1 hrs/wk

JENNIFER ALAI

DIRECTOR

Board

1 hrs/wk

MARK JEBELIAN

TREASURER

Board

1 hrs/wk

GILBERT DAVIDSON

DIRECTOR

Board

1 hrs/wk

ASHLEY HERKO-MAPES

VP RELATIONSHIP MGR (THRU 9/24)

Staff

$167K

40 hrs/wk

LORI SIMMONS

VP RELATIONSHIP MGR

Staff

$155K

40 hrs/wk

JENNIFER ROGERS

VP & CLOSING MGR (THRU 7/24)

Staff

$135K

40 hrs/wk

BRENT SMITH

VP & CREDIT MGR

Staff

$120K

40 hrs/wk

Independent contractors

PRUDENT LENDERS LLC

LOAN PROCESSING, UNDERWRITING, CLOSING,

$166K

Details

EIN860403989
Subsection04
Ruling date1981-09
Formed1979
Employees24
Volunteers40
ARIZONA CAPITAL SOURCE — Mission, Financials & Grants Received | Grantivo