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Microbusiness Advancement Center of Southern Arizona EIN 86-0661853

Microbusiness Advancement Center of Southern Arizona

EIN  86-0661853 Public charity (501(c)(3)) Tucson, AZ Founded 1991
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Size
$100K–1M
What they do
Provides education and support services to small businesses and entities to help them preserve and create jobs.
Leadership
Magdalena Verdugo · Chief Executive Officer · $28K
Money in and out
$920K revenue, $1.1M expenses
Bottom line
84% program efficiency

Provides education and support services to small businesses and entities to help them preserve and create jobs. For fiscal year 2024 it reported $920K in revenue, $1.1M in expenses, and $-826K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$920K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$-826K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$149K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.11 Fundraising $0.06
Program efficiency
84%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate▲ +143% vs prior filing year
Surplus margin
-16%
revenue over expenses, this year▲ +86% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$920K
FY2024▲ +66%
Expenses
$1.1M
FY2024▼ -12%
Total assets
$164K
FY2024▲ +84%
Total liabilities
$990K
FY2024▲ +29%
Total revenue
$920K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$-826K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$149K
Total assetsPt X · Ln 16$164K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $894K of program spending, described in the organization's own filed words · FY2024.
01

Small business support services including education and assistance to preserve and create jobs.

$894Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMicrobusiness Advancement Center of Southern Arizona
EINHdr · item D86-0661853
Principal addressHdr · item CTucson, AZ
WebsiteHdr · item Jwww.wbcofsouthernarizona.com
Year of formationHdr · item L1991
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S80)
Ruling yearIRS BMFOct 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Magdalena Verdugo
Chief Executive Officer
$27,561Pt VII · Sec A
Jesse Losoya
Vice President
$0Pt VII · Sec A
Dawn McMillan
Secretary
$0Pt VII · Sec A
Melissa Hall
Treasurer
$0Pt VII · Sec A
Irene Ortega
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Magdalena Verdugo’s $28K as Chief Executive Officer is at the 14th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Magdalena Verdugo$27,561$22,790$27,204$30,144
Vicente Fuentes———$18,239

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$920K
Other revenue$50
— government grantsLn 1e$855K
Total revenueLn 12$920K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.11 Fundraising $0.06
Program services84%$894K
Management & general11%$115K
Fundraising6%$61K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$148K
Total assetsLn 16$164K
Total liabilitiesLn 26$990K
Total net assetsLn 32$-826K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $148K · Operating expenses/yr $1.1M
1.7 months
Where the money goes
Program services
Program services $894K · Total expenses $1.1M
84%
Management & General
Management & general $115K · Total expenses $1.1M
11%
Fundraising
Fundraising $61K · Total expenses $1.1M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $54K · Solicited contributions (3-yr avg) $62K
$0.88 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $920K · Total revenue $920K
100%
Government reliance
Government grants $855K · Total revenue $920K
93%
Earned-income share
Program service revenue $0 · Total revenue $920K
0%
Investment reliance
Investment income $0 · Total revenue $920K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.1M
0%
Growth & trend
Revenue growth (YoY)
This year $920K · Prior year $554K
+66%
Revenue CAGR
FY2019 $701K · FY2024 $920K
+6%
Net-asset trend (YoY)
End of year $-826K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $920K · Expenses $1.1M
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $164K
—
Net-asset ratio
Net assets $-826K · Total assets $164K
-503%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $164K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Magdalena Verdugo · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $28K · Total expenses $1.1M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $265K · Total expenses $1.1M
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%——
Overhead ratio 11%——
Fundraising cost ratio 7%——
Revenue growth 66%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 97 grants · $1.7M · 2022–2024
Spice Box LLCFY2024$20,000
Sedona Garden Assisted Living LLCFY2024$20,000
Mi Casita Child Care LLCFY2024$20,000
Mari Davila PllcFY2024$20,000
Little Monkey Exploring Day Care LLCFY2024$20,000
Innovation Tax Services LLCFY2024$20,000
Hysy Investment CorpFY2024$20,000
House Trevethan LLCFY2024$20,000
Guided Flame Spa and Wellness LLCFY2024$20,000
Estrellita Childcare LLC ServicesFY2024$20,000
Dg Santana LLCFY2024$20,000
Dance IT StudioFY2024$20,000
Climate Nxt LLCFY2024$20,000
Classic Industries LLCFY2024$20,000
Casitadelety LLCFY2024$20,000
Blondez Kno BestFY2024$20,000
Berlin Angels Daycare LLCFY2024$20,000
Arizona Sign & MaintenanceFY2024$20,000
See all 97 grants →

Similar Organizations

Closest in mission — by what they do
Microenterprise Collaborative of Inland Southern CaliforniaCA
Arizona Opportunities Industrialization CenterAZ
Northern Arizona Technology & Business Incubator INCAZ
Empowering ArizonaAZ
Arizona Community Development CorporationAZ
Arizona Center for African American ResourcesAZ
See all organizations like Microbusiness Advancement Center of Southern Arizona →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$554K revenue · ⤓ 990 PDF
FY2023$851K revenue · ⤓ 990 PDF
FY2022$822K revenue · ⤓ 990 PDF
FY2021$232K revenue · ⤓ 990 PDF
FY2020$701K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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