Civic Intelligence

Sun Corridor Inc

EIN 20-2430213 • 501(c)6 • Tucson, AZ

Profile

The purpose of the organization is to support the creation of new businesses, the retention and expansion of existing businesses within the region, and the attraction of companies that offer high value jobs and share the community's values.

1985 East River Road Suite 101Tucson, AZ 85718

www.suncorridorinc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.55x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

0.88x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

17th percentile

-7.7%

Higher net margin than 17% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

95th percentile

$420,981

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-7.3%

Faster revenue growth than 15% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,832,259

Down $231,630 (-5.7%) from 2023

Liabilities

Down

$2,244,776

Down $10,339 (-0.5%) from 2023

Net Assets

Down

$1,587,483

Down $221,291 (-12%) from 2023

Revenue

Down

$2,451,940

Down $115,752 (-4.5%) from 2023

Expenses

Down

$2,673,231

Down $92,170 (-3.3%) from 2023

Net Income

Down

-$221,291

Down $23,582 (-12%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $2,401,097Liabilities 2010: $750,101Net Assets 2010: $1,650,9962010Assets 2011: $2,683,559Liabilities 2011: $912,976Net Assets 2011: $1,770,5832011Assets 2012: $3,001,240Liabilities 2012: $991,696Net Assets 2012: $2,009,5442012Assets 2013: $2,929,978Liabilities 2013: $989,014Net Assets 2013: $1,940,9642013Assets 2014: $2,963,031Liabilities 2014: $1,010,799Net Assets 2014: $1,952,2322014Assets 2015: $2,960,785Liabilities 2015: $1,105,194Net Assets 2015: $1,855,5912015Assets 2016: $2,956,134Liabilities 2016: $1,174,020Net Assets 2016: $1,782,1142016Assets 2017: $2,871,637Liabilities 2017: $1,226,251Net Assets 2017: $1,645,3862017Assets 2018: $3,120,488Liabilities 2018: $1,456,993Net Assets 2018: $1,663,4952018Assets 2019: $3,564,686Liabilities 2019: $1,625,503Net Assets 2019: $1,939,1832019Assets 2020: $3,275,284Liabilities 2020: $1,455,827Net Assets 2020: $1,819,4572020Assets 2021: $3,732,304Liabilities 2021: $1,952,267Net Assets 2021: $1,780,0372021Assets 2022: $3,382,141Liabilities 2022: $1,375,658Net Assets 2022: $2,006,4832022Assets 2023: $4,063,889Liabilities 2023: $2,255,115Net Assets 2023: $1,808,7742023Assets 2024: $3,832,259Liabilities 2024: $2,244,776Net Assets 2024: $1,587,4832024

Highlighted filing

2024

Assets$3,832,259
Liabilities$2,244,776
Net Assets$1,587,483

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,232,4792010Expenses 2011: $1,821,4542011Revenue 2012: $1,973,342Expenses 2012: $1,734,381Net Income 2012: $238,9612012Revenue 2013: $1,614,069Expenses 2013: $1,682,649Net Income 2013: -$68,5802013Revenue 2014: $1,579,913Expenses 2014: $1,568,645Net Income 2014: $11,2682014Revenue 2015: $1,564,550Expenses 2015: $1,661,191Net Income 2015: -$96,6412015Revenue 2016: $1,896,182Expenses 2016: $1,969,659Net Income 2016: -$73,4772016Revenue 2017: $2,115,395Expenses 2017: $2,252,123Net Income 2017: -$136,7282017Revenue 2018: $2,392,902Expenses 2018: $2,374,793Net Income 2018: $18,1092018Revenue 2019: $2,650,139Expenses 2019: $2,374,451Net Income 2019: $275,6882019Revenue 2020: $2,645,775Expenses 2020: $2,765,501Net Income 2020: -$119,7262020Revenue 2021: $2,438,501Expenses 2021: $2,477,921Net Income 2021: -$39,4202021Revenue 2022: $2,769,557Expenses 2022: $2,543,111Net Income 2022: $226,4462022Revenue 2023: $2,567,692Expenses 2023: $2,765,401Net Income 2023: -$197,7092023Revenue 2024: $2,451,940Expenses 2024: $2,673,231Net Income 2024: -$221,2912024

Highlighted filing

2024

Revenue$2,451,940
Expenses$2,673,231
Net Income-$221,291

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.83$2.24$1.59$2.45$2.67$0.22
2023Detailed filing. Detailed filing data is available for this year.$4.06$2.26$1.81$2.57$2.77$0.20
2022Detailed filing. Detailed filing data is available for this year.$3.38$1.38$2.01$2.77$2.54$0.23
2021Detailed filing. Detailed filing data is available for this year.$3.73$1.95$1.78$2.44$2.48$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.28$1.46$1.82$2.65$2.77$0.12
2019Detailed filing. Detailed filing data is available for this year.$3.56$1.63$1.94$2.65$2.37$0.28
2018Detailed filing. Detailed filing data is available for this year.$3.12$1.46$1.66$2.39$2.37$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.87$1.23$1.65$2.12$2.25$0.14
2016Summary only. Only limited summary data is available for this year.$2.96$1.17$1.78$1.90$1.97$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.96$1.11$1.86$1.56$1.66$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.96$1.01$1.95$1.58$1.57$0.01
2013Summary only. Only limited summary data is available for this year.$2.93$0.99$1.94$1.61$1.68$0.07
2012Summary only. Only limited summary data is available for this year.$3.00$0.99$2.01$1.97$1.73$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.91$1.77$1.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.75$1.65$2.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 6, 2025
Return Version
2023v6.0
Gross Receipts
$2,451,940
Mission and Program Overview

Mission

The purpose of the organization is to support the creation of new businesses, the retention and expansion of existing businesses within the region, and the attraction of companies that offer high value jobs and share the community's values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$816,641$1,108,701▲ $292,060
Savings and Temporary Cash Investments$1,837,581$1,050,498▼ $787,083
Investments in Publicly Traded Securities-$526,362-
Pledges and Grants Receivable$308,507$167,530▼ $140,977
Prepaid Expenses and Deferred Charges$69,376$54,745▼ $14,631
Land, Buildings, and Equipment, Net$4,825$17,237▲ $12,412
Total Assets$4,063,889$3,832,259▼ $231,630
Other Assets Total$1,026,959$907,186▼ $119,773
Liabilities
Other Liabilities$1,017,953$908,971▼ $108,982
Deferred Revenue$648,167$814,194▲ $166,027
Accounts Payable and Accrued Expenses$588,995$521,611▼ $67,384
Total Liabilities$2,255,115$2,244,776▼ $10,339
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,808,774$1,587,483▼ $221,291
Total Net Assets Fund Balance$1,808,774$1,587,483▼ $221,291
Total Liabilities and Net Assets / Fund Balance$4,063,889$3,832,259▼ $231,630

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,348$119,803$123,151
Equipment$13,572$90,702$104,274
Leasehold Improvements$317$41,722$42,039
Other Assets Org$731,279--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph SnellPresidentFT$397,561$187,286$584,847
David WelshExecutive Vice PresidentFT$175,159$47,780$222,939
Mary C CasperAssistant to CEO/CFOFT$139,494$51,687$191,181
Laura ShawSenior Vice PresidentFT$124,067$46,261$170,328
Angela KishCFOFT$123,017$4,585$127,602

Board Members and Trustees

NameTitle
Judy RichChairman of the Board
Amy CohenExecutive Committee Member
Dave HutchensExecutive Committee Member
Dennis R MinanoExecutive Committee Member
Fletcher MccuskerExecutive Committee Member
Ian McdowellExecutive Committee Member
Lisa LovalloExecutive Committee Member
Omar MirelesExecutive Committee Member
Robert RobbinsExecutive Committee Member
Susan GrayExecutive Committee Member
Walter RichterExecutive Committee Member
David SmallhouseSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$668,729
Program Service Revenue
$1,744,343
Investment Income
$38,868
Other Revenue
$0
All Other Contributions
$18,729
Change in Net Assets
$-221,291

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,451,940
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$62,498
Total Revenue per Audited Statements
$2,514,438
Total Revenue per Form 990
$2,451,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,816,470
Other Expenses$856,761
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$1,401,481
Other Salaries and Wages---$234,648
Occupancy---$190,074
Information Technology---$103,427
Payroll Taxes---$90,303
Other Employee Benefits---$85,220
Other Expenses---$37,939
Fees for Services Accounting---$35,552
All Other Expenses---$29,006
Conferences and Meetings---$24,156
Office Expenses---$19,040
Insurance---$18,924
Advertising---$16,714
Fees for Services Other---$12,862
Depreciation Depletion---$5,081
Pension Plan Contributions---$4,818
Travel---$2,281
Total Functional Expenses$0$0$0$2,673,231

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,735,729
Expenses per Audited Statements$2,673,231
Total Expenses per Form 990$2,673,231
Expenses Not Reported on Form 990$62,498
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$747,226
Deferred Compensation Plan$161,745
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Copies of the completed form 990, with supporting schedules and footnotes, will be distributed to the executive/audit committee and the president/ceo. The president will review the form 990 with the committee. Any corrections or changes will be noted and addressed. Copies of the completed form 990 will be distributed to the executive committee for review and approval during a regular meeting of the committee. Once approved by the committee, the tax preparer will process the filing of the form 990 using e-file or paper return procedures.

Form 990, Part VI, Section B, Line 12C

The board of directors and staff review the policy periodically and provide an annual statement of disclosure to make known any conflicts with the organization.

Form 990, Part VI, Section B, Line 15

The president/ceo establishes goals & metrics and determines an associated rating scale. The ceo/president applies the scale to achieved results and based on the outcome, uses an established pay scale to determine merit increase and/or bonuses.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sun Corridor Inc
EIN
20-2430213
Phone
5202431900
Address
1985 EAST RIVER ROAD SUITE 101, TUCSON, AZ 85718

Signing Officer

Name
Angela Kish
Title
CFO
Phone
5202431900
Signed
2025-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Snell
Formed
2005
Legal Domicile
Az
Voting Board Members
12
Independent Board Members
12
Employees
10
Volunteers
71

Preparer

Firm
Regier Carr & Monroe Llp Cpas
Address
4801 E BROADWAY BLVD SUITE 501, TUCSON, AZ 85711
Preparer
Susan M Vos Cpacfe
Phone
5206248229
Supplemental Narrative

Additional Explanations

Part XI, Line 2C

The organization has an audit committee that is responsible for selecting the independent auditor and overseeing the audit process. There is no change in the audit committee's responsibility for overseeing the audit from prior year.

Financial Statement Notes

PART X, LINE 2:

Based upon information supplied to the internal revenue service, the organization is exempt from federal income tax under section 501(c)(6) of the internal revenue code. Certain unrelated business income may be subject to income tax. The organization has adopted standards under generally accepted accounting principles that set a "more likely than not" criterion for recognizing tax benefits of uncertain tax positions, establishes measurement criteria for tax benefits, and establishes certain disclosure requirements. The organization believes that their income tax filing positions and deductions will be sustained upon examination and, accordingly, have not recorded any reserves or related accruals for interest and penalties during the current fiscal year for uncertain income tax positions pursuant to generally accepted accounting principles. Income tax related interest and penalties, if any, are reported in general and administrative expenses when incurred. The accompanying financial statements do not include any interest or penalties related to income taxes. No income tax examinations are currently underway or anticipated. The statute of limitations is three years for federal income tax purposes and four years for the state of arizona.

Raw XML AppendixShowing 400 of 500 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASSISTANT TO CEO/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16SENIOR VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
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IRS990/GrantsToOrganizationsInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF THE ORGANIZATION IS TO SUPPORT THE CREATION OF NEW BUSINESSES, THE RETENTION AND EXPANSION OF EXISTING BUSINESSES WITHIN THE REGION, AND THE ATTRACTION OF COMPANIES THAT OFFER HIGH VALUE JOBS AND SHARE THE COMMUNITY'S VALUES.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01026959
IRS990/OtherAssetsTotalGrp/EOYAmt0907186
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt085220
IRS990/OtherExpensesGrp/Desc0PUBLIC RELATIONS
IRS990/OtherExpensesGrp/Desc1BUSINESS DEVELOPMENT
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IRS990/OtherExpensesGrp/TotalAmt198239
IRS990/OtherExpensesGrp/TotalAmt251628
IRS990/OtherExpensesGrp/TotalAmt337939
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IRS990/OtherLiabilitiesGrp/EOYAmt0908971
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IRS990/PrincipalOfficerNm0JOSEPH SNELL
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt114162
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2731279
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED COMPENSATION PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RIGHT OF USE ASSET
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED COMPENSATION PLAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE
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IRS990ScheduleD/RevenueSubtotalAmt02451940
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BASED UPON INFORMATION SUPPLIED TO THE INTERNAL REVENUE SERVICE, THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. CERTAIN UNRELATED BUSINESS INCOME MAY BE SUBJECT TO INCOME TAX. THE ORGANIZATION HAS ADOPTED STANDARDS UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES THAT SET A "MORE LIKELY THAN NOT" CRITERION FOR RECOGNIZING TAX BENEFITS OF UNCERTAIN TAX POSITIONS, ESTABLISHES MEASUREMENT CRITERIA FOR TAX BENEFITS, AND ESTABLISHES CERTAIN DISCLOSURE REQUIREMENTS. THE ORGANIZATION BELIEVES THAT THEIR INCOME TAX FILING POSITIONS AND DEDUCTIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAVE NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES DURING THE CURRENT FISCAL YEAR FOR UNCERTAIN INCOME TAX POSITIONS PURSUANT TO GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, ARE REPORTED IN GENERAL AND ADMINISTRATIVE EXPENSES WHEN INCURRED. THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY INTEREST OR PENALTIES RELATED TO INCOME TAXES. NO INCOME TAX EXAMINATIONS ARE CURRENTLY UNDERWAY OR ANTICIPATED. THE STATUTE OF LIMITATIONS IS THREE YEARS FOR FEDERAL INCOME TAX PURPOSES AND FOUR YEARS FOR THE STATE OF ARIZONA.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3124067
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount140000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount245000
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOSEPH SNELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAVID WELSH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MARY C CASPER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3LAURA SHAW
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT

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