Compensation 990

Arizona Capital Source

Fiscal year ending 2024. Filed on August 13, 2025.

5049 E Broadway Blvd 156
Tucson, Arizona 85711

Arizona Capital Source (EIN: 86-0403989) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Arizona Capital Source, a 501(c)(4) civic league or social welfare organization, reported compensation for 7 out of 24 total employees. Among the employees shown here, the average compensation is $189,636. The highest compensated employee at Arizona Capital Source is Gary Molenda with fiscal year 2024 compensation of $295,871. Arizona Capital Source changed its name from Business Development Finance Corporation in 2022.

Revenue, expenses, and employee compensation

Revenue

$5,303,479

Expenses

$4,303,488

Employee compensation

$2,330,662
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Non-Employee Board Members

－12%vs 2023
John Moothart
Director
$1,100
$1,100 from orgNo related compNo other comp
＋15.8%vs 2023
Kendall Bert
Director
$1,100
$1,100 from orgNo related compNo other comp
±0%vs 2023
Judy Scalise
Director
$1,100
$1,100 from orgNo related compNo other comp
±0%vs 2023
Michael S Hammond
Chair
$950
$950 from orgNo related compNo other comp
－27.3%vs 2023
David Welsh
Director
$800
$800 from orgNo related compNo other comp
－27.3%vs 2023
Evelyn Casuga
Director
$800
$800 from orgNo related compNo other comp
－36%vs 2023
Sean Murray
Secretary
$800
$800 from orgNo related compNo other comp
New in 2024
Michael Wetnight
Director
$650
$650 from orgNo related compNo other comp
New in 2024
Nick Hudec
Director
$650
$650 from orgNo related compNo other comp
Jeffrey Hays
Director
No compensation reported
Jennifer Alai
Director
No compensation reported
Grant Belter
Director
No compensation reported

Mission Statement

PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF THE ARIZONA ECONOMY.

Revisions to this organization profile

August 13, 2025:
2024 Arizona Capital Source 990 filed
August 14, 2024:
2023 Arizona Capital Source 990 filed
August 11, 2023:
2022 Arizona Capital Source 990 filed

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