Civic Intelligence

Arizona Technology Investor Forum

990EZ • Fiscal year 2019 • EIN 27-1070872

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 27, 2020

Organization ProfileWWW.ARIZONATECHINVESTORS.COM
2824 N Power Road Suite 113-113Mesa, AZ 85215

(602) 463-0844

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.18x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.07x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

32nd percentile

-4.2%

Higher net margin than 32% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$72,000

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 49.5% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

4th percentile

-60%

Faster asset growth than 4% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

66%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$58,759

Down $89,277 (-60%) from 2018

Net Assets

Down

$48,395

Down $6,154 (-11%) from 2018

Liabilities

Down

$10,364

Down $83,123 (-89%) from 2018

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin32nd percentile

Revenue

Up

$145,398

Up $57,649 (+66%) from 2018

Expenses

Up

$151,552

Up $48,458 (+47%) from 2018

Net Income

Up

-$6,154

Up $9,191 (+60%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2015: $37,223Liabilities 2015: $0Net Assets 2015: $37,2232015Assets 2016: $48,696Liabilities 2016: $25,000Net Assets 2016: $23,6962016Assets 2017: $129,444Liabilities 2017: $59,550Net Assets 2017: $69,8942017Assets 2018: $148,036Liabilities 2018: $93,487Net Assets 2018: $54,5492018Assets 2019: $58,759Liabilities 2019: $10,364Net Assets 2019: $48,3952019Assets 2020: $166,726Liabilities 2020: $98,250Net Assets 2020: $68,4762020Assets 2021: $266,859Liabilities 2021: $191,353Net Assets 2021: $75,5062021Assets 2022: $707,844Liabilities 2022: $658,032Net Assets 2022: $49,8122022Assets 2023: $347,365Liabilities 2023: $252,964Net Assets 2023: $94,4012023Assets 2024: $291,355Liabilities 2024: $201,720Net Assets 2024: $89,6352024

Highlighted filing

2019

Assets$58,759
Liabilities$10,364
Net Assets$48,395
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2015: $138,806Expenses 2015: $131,730Net Income 2015: $7,0762015Revenue 2016: $98,817Expenses 2016: $112,344Net Income 2016: -$13,5272016Revenue 2017: $141,160Expenses 2017: $94,962Net Income 2017: $46,1982017Revenue 2018: $87,749Expenses 2018: $103,094Net Income 2018: -$15,3452018Revenue 2019: $145,398Expenses 2019: $151,552Net Income 2019: -$6,1542019Revenue 2020: $129,034Expenses 2020: $99,464Net Income 2020: $29,5702020Revenue 2021: $131,500Expenses 2021: $124,470Net Income 2021: $7,0302021Revenue 2022: $112,136Expenses 2022: $137,830Net Income 2022: -$25,6942022Revenue 2023: $153,009Expenses 2023: $108,420Net Income 2023: $44,5892023Revenue 2024: $117,368Expenses 2024: $122,134Net Income 2024: -$4,7662024

Highlighted filing

2019

Revenue$145,398
Expenses$151,552
Net Income-$6,154
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 27, 2020
Return Version
2019v5.1
Gross Receipts
$145,398
Mission and Program Overview

Mission

Arizonatech investors (ati) is an active community of accredited investors who meet regularly to review and analyze early-stage technology companies based in arizona and the greater southwest region.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION HELD 7 MEETINGS DURING THE YEAR, AT WHICH NUMEROUS ARIZONA DEVELOPMENTAL STAGE COMPANIES PRESENTED THEIR BUSINESS IDEAS AND FUNDING REQUIREMENTS. THE COMPANIES OBTAIN FEEDBACK FROM MEMBERS IN AN EFFORT TO STRENGTHEN BUSINESS IN THE COMMUNITY AND THEIR ORGANIZATIONS.$0$151,552
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES GOULKACEOFT$72,000-$72,000
DAVID MCCALEBBoard Member-$0--
GEOFFREY OSSIASSecretary-$0--
MICHAEL PADDOCKBoard Member-$0--
MICHELLE TINSLEYTreasurer-$0--
ANN C DAMIANOBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Arizonatech Investors
EIN
27-1070872
Phone
6024630844
Address
2824 N POWER ROAD SUITE 113-113, MESA, AZ 85215

Signing Officer

Name
James Goulka
Title
President
Phone
6024630844
Signed
2020-06-27
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
5255 EAST WILLIAMS CIRCLE SUITE, 5000, TUCSON, AZ 85711
Preparer
Jason C Cook CPA
Phone
5207903500
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: event income. Amount: 2,050. Description: interest. Amount: 24. Description: sponsorship. Amount: 13,000. Total to form 990-ez, line 8: 15,074.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: administrative support. Amount: 41,540. Description: insurance. Amount: 1,523. Description: meeting expenses. Amount: 7,924. Total to form 990-ez, line 16: 50,987.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: funds held - segregated accounts. Beg. Of year amount: 93,487. End of year amount: 10,364.”

Raw XML Appendix135 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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IRS990EZ/PrimaryExemptPurposeTxt0ARIZONATECH INVESTORS (ATI) IS AN ACTIVE COMMUNITY OF ACCREDITED INVESTORS WHO MEET REGULARLY TO REVIEW AND ANALYZE EARLY-STAGE TECHNOLOGY COMPANIES BASED IN ARIZONA AND THE GREATER SOUTHWEST REGION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: EVENT INCOME. AMOUNT: 2,050. DESCRIPTION: INTEREST. AMOUNT: 24. DESCRIPTION: SPONSORSHIP. AMOUNT: 13,000. TOTAL TO FORM 990-EZ, LINE 8: 15,074.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ADMINISTRATIVE SUPPORT. AMOUNT: 41,540. DESCRIPTION: INSURANCE. AMOUNT: 1,523. DESCRIPTION: MEETING EXPENSES. AMOUNT: 7,924. TOTAL TO FORM 990-EZ, LINE 16: 50,987.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodBeginDt02019-01-01
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ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,759
Liabilities
$10,364
Net assets
$48,395
Revenue
$145,398
Expenses
$151,552
Net income
-$6,154
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.91$2.02$0.90$1.17$1.22$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.47$2.53$0.94$1.53$1.08$0.45
2022Detailed filing. Detailed filing data is available for this year.$7.08$6.58$0.50$1.12$1.38$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.67$1.91$0.76$1.32$1.24$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.67$0.98$0.68$1.29$0.99$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.59$0.10$0.48$1.45$1.52$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.48$0.93$0.55$0.88$1.03$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.29$0.60$0.70$1.41$0.95$0.46
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.25$0.24$0.99$1.12$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$1.39$1.32$0.07