2025-08-13T13:13:11-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2023-10-01 860403989 ARIZONA CAPITAL SOURCE ARIZ 6026667650 5049 E BROADWAY BLVD 156 TUCSON AZ 85711 GARY MOLENDA PRESIDENT 6026667650 2025-08-12 1 1 LISA N RYSSEL CPA P00643670 7149781300 2025-08-12 2023 2025-03-06 01:10:19Z GARY MOLENDA 5049 E BROADWAY BLVD 156 TUCSON AZ 85711 8903935 0 X WWW.ARIZONACAPITALSOURCE.COM X 1979 AZ PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF THE ARIZONA ECONOMY. 16 16 24 40 0 0 0 0 4090524 4609836 60194 342296 309547 351347 4460265 5303479 0 0 0 0 2492741 2330662 0 0 0 1962567 1972826 4455308 4303488 4957 999991 19838061 23376806 6217277 8571496 13620784 14805310 X PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF THE ARIZONA ECONOMY. 0 0 2586178 0 2917225 SBA 504 LENDING - PROVIDE AFFORDABLE LONG TERM FIXED ASSET FINANCING TO SMALL BUSINESSES TO PURCHASE OWNER OCCUPIED COMMERCIAL REAL ESTATE, OR MACHINERY AND EQUIPMENT. 570626 0 1207667 SBA COMMUNITY ADVANTAGE 7(A) LENDING - PROVIDE AFFORDABLE FINANCING TO SMALL BUSINESSES. 201752 0 416233 ECONOMIC DEVELOPMENT CONSULTING - ASSIST OTHER NON PROFITS OR GOVERNMENTAL ENTITIES WITH PROJECTS THAT PROMOTE ECONOMIC DEVELOPMENT AND GROWTH. 347269 0 762354 COMMUNITY LENDING 347269 0 762354 3705825 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 34 0 1 24 1 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X JAYLEEN BEMBRY 5206233377 5049 E BROADWAY BLVD TUCSON AZ 85711 GARY MOLENDA PRESIDENT 40.00 1.00 X 255471 0 40400 ASHLEY HERKO-MAPES VP RELATIONSHIP MGR (THRU 9/24) 40.00 0.00 X 167463 0 23146 LORI SIMMONS VP RELATIONSHIP MGR 40.00 0.00 X 155331 0 16432 GABRIEL GOMEZ EXECUTIVE VP OPERATIONS 40.00 0.00 X 166410 0 27666 TODD WHISLER SR. VP MARKETING (THRU 10/23) 40.00 0.00 X 176433 0 30558 JENNIFER ROGERS VP & CLOSING MGR (THRU 7/24) 40.00 0.00 X 135334 0 2073 BRENT SMITH VP & CREDIT MGR 40.00 0.00 X 119799 0 10936 MICHAEL S HAMMOND CHAIR 1.00 1.00 X X 950 0 0 BENJAMIN DANNER VICE CHAIR 1.00 0.00 X X 0 0 0 SEAN MURRAY SECRETARY 1.00 0.00 X X 800 0 0 MARK JEBELIAN TREASURER 1.00 0.00 X X 0 0 0 JENNIFER ALAI DIRECTOR 1.00 0.00 X 0 0 0 GRANT BELTER DIRECTOR 1.00 0.00 X 0 0 0 EVELYN CASUGA DIRECTOR 1.00 1.00 X 800 0 0 KENDALL BERT DIRECTOR 1.00 0.00 X 1100 0 0 GILBERT DAVIDSON DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY HAYS DIRECTOR 1.00 0.00 X 0 0 0 NICK HUDEC DIRECTOR 1.00 0.00 X 650 0 0 JOHN MOOTHART DIRECTOR 1.00 0.00 X 1100 0 0 LAURIE SANDAU DIRECTOR 1.00 0.00 X 0 0 0 JUDY SCALISE DIRECTOR 1.00 1.00 X 1100 0 0 DAVID WELSH DIRECTOR 1.00 0.00 X 800 0 0 MICHAEL WETNIGHT DIRECTOR 1.00 0.00 X 650 0 0 1184191 0 151211 7 0 1 0 PRUDENT LENDERS LLC 59 BEAVER ST 5TH FL ALBANY NY 12216 LOAN PROCESSING, UNDERWRITING, CLOSING, 165941 1 SERVICE FEES 525990 2032205 2032205 CLIENT INTEREST EARNED 525990 1446705 1446705 CLOSING FEES 525990 597089 597089 CONSULTING FEES 525990 416233 416233 INTEREST INCOME EARNED 525990 117604 117604 4609836 3942752 3600456 342296 342296 342296 BAD DEBT RECOVERY 525990 256074 256074 OTHER 525990 52773 52773 RECOVERED EXPENSES 525990 42500 42500 351347 5303479 5303479 0 0 X 682761 371272 311489 1395431 1255888 139543 52813 47532 5281 42926 38633 4293 156731 141058 15673 49010 49010 516623 500719 15904 70148 63133 7015 108114 97303 10811 91830 82647 9183 24270 21843 2427 630683 630683 9759 9759 49638 44674 4964 BAD DEBT EXPENSE 189900 189900 SUPPLIES 171823 154641 17182 OTHER EXPENSE 48885 43997 4888 MERGER EXPENSE 10045 10045 2098 2098 4303488 3705825 597663 0 2080015 2678312 2346095 2555433 572110 604604 14080884 16873423 160142 147834 22207 12308 309917 314121 426833 338605 19838061 23376806 1099554 1072986 4806713 7249042 311010 249468 6217277 8571496 X 8487771 9576115 5133013 5229195 13620784 14805310 19838061 23376806 X 999991 184535 X X 0 1 X 1 0 119500 110785 8715 40642 37049 3593 12308 OPERATING LEASE LIABILITY 249468 249468 X PART X, LINE 2: ACS AND AFFILIATES ADOPTED THE PROVISIONS OF FASB ASC (ACCOUNTING STANDARDS CODIFICATION) NO. 740, ACCOUNTING FOR INCOME TAXES. AS A RESULT OF THE IMPLEMENTATION OF ASC NO. 740 REGARDING UNCERTAINTY IN INCOME TAXES, ACS AND AFFILIATES HAVE NOT RECOGNIZED ANY RESPECTIVE LIABILITY FOR UNRECOGNIZED TAX EXPENSE AS IT HAS NO KNOWN TAX POSITIONS THAT WOULD SUBJECT ACS AND AFFILIATES TO ANY MATERIAL INCOME TAX EXPOSURE. A RECONCILIATION OF BEGINNING AND ENDING AMOUNT OF UNRECOGNIZED TAX EXPENSE IS NOT INCLUDED, NOR IS THERE ANY INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX EXPENSE IN INTEREST EXPENSE AND PENALTIES IN EXPENSES AS THERE ARE NO UNRECOGNIZED TAX EXPENSES. X X 0 0 0 1 0 0 0 1 0 GARY MOLENDA PRESIDENT 154014 0 7800 0 93657 0 11858 0 28542 0 295871 0 0 0 ASHLEY HERKO-MAPES VP RELATIONSHIP MGR (THRU 9/24) 66553 0 3793 0 97117 0 7830 0 15316 0 190609 0 0 0 LORI SIMMONS VP RELATIONSHIP MGR 89140 0 3872 0 62319 0 6520 0 9912 0 171763 0 0 0 GABRIEL GOMEZ EXECUTIVE VP OPERATIONS 144455 0 7000 0 14955 0 7817 0 19849 0 194076 0 0 0 TODD WHISLER SR. VP MARKETING (THRU 10/23) 166859 0 1750 0 7824 0 7398 0 23160 0 206991 0 0 0 PART I, LINE 5 PRESIDENT AND BUSINESS DEVELOPMENT OFFICER COMMISSION SCHEDULE IS BASED ON CERTAIN REVENUES. PART I, LINE 7 COMMISSIONS FOR THE PRESIDENT AND BUSINESS DEVELOPMENT OFFICERS (VARIABLE COMPENSATION PLAN) AND BONUSES FOR ALL EMPLOYEES EXCEPT THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 3 TUCSON LOAN COMMITTEE, PHOENIX LOAN COMMITTEE AND ON-CALL LOAN COMMITTEE HAVE DELEGATED AUTHORITY TO APPROVE LOANS UP TO $2,000,000 ON BEHALF OF THE BOARD OF DIRECTORS, THE BOARD THEN RATIFIES THE APPROVALS. THE EXECUTIVE COMMITTEE FUNCTIONS AS THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS FOR MATTERS NOT PREVIOUSLY DELEGATED TO ANY COMMITTEE, BUT IS SUBJECT AT ALL TIMES TO THE DIRECTION AND CONTROL OF THE BOARD OF DIRECTORS. THE FUNCTIONS OF THE EXECUTIVE COMMITTEE ARE TO REVIEW NON-ROUTINE EMPLOYMENT AND PERSONNEL MATTERS AND COMPENSATION; AND RATIFY LOAN COMMITEE APPROVALS OF LOANS BETWEEM $1,000,000 AND $2,000,000 OR APPROVE LOANS GREATER THAN $2,000,000 IF NOT BEING PRESENTED TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. MEMBERS ARE RESPONSIBLE FOR ACTIVELY SUPPORTING ECONOMIC DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS. AT ANNUAL MEETINGS, THE MEMBERS ELECT THE BOARD OF DIRECTORS, PASS UPON REPORTS FOR THE PREVIOUS FISCAL YEAR, AND TRANSACT SUCH OTHER BUSINESS AS MAY COME BEFORE THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE PROVIDED ELECTRONICALLY TO THE BOARD FOR REVIEW AND RATIFIED AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ANNUAL DISCLOSURE POLICY, ADOPTED JUNE 27, 2007; IMPLEMENTATION COMMENCED. FORM 990, PART VI, SECTION B, LINE 15A PERIODICALLY ACS CONTRACTS ITS LEGAL COUNSEL TO HIRE AN INDEPENDENT FIRM TO COMPLETE A COMPENSATION STUDY FOR THE POSITION OF PRESIDENT. THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE REVIEWS THE STUDY AND CONTEMPORANEOUS MINUTES ARE KEPT OF THE DELIBERATION AND DECISION REGARDING THE COMPENSATION PACKAGE OF THE PRESIDENT. THE PRESIDENT REVIEWS CURRENT MARKET DATA TO DETERMINE COMPENSATION FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE PUBLIC. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 143,135. MANAGEMENT AND GENERAL EXPENSES 15,904. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 159,039. CONSULTANT AND MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 357,584. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 357,584. FORM 990, PART XI, LINE 9: ADJUSTMENT FOR THE ADOPTION OF ASU 2016-13 184,535. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 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