Growth Partners Arizona

What it reported doing in 2024

Growth partners Arizona provides accessible, fair, and responsible loans and support to Arizona nonprofits and economically underserved small business outside the economic mainstream. Expanded access to capital for Arizona small businesses and nonprofits: growth partners Arizona deployed approximately $1.3 million in responsible, mission-aligned financing to 23 borrowers during 2025. This capital supported small businesses and nonprofit organizations across Arizona, with an emphasis on expanding access to financing for organizations and entrepreneurs that have historically faced barriers to traditional sources of capital. (continued on schedule o)provided financial education and business support to more than 1,000 clients: growth partners Arizona provided financial education, technical assistance, and business support to more than 1,000 clients during 2025. This work helped entrepreneurs and small business owners strengthen financial knowledge, improve business decision-making, better understand their financial position, and build greater confidence in preparing for and managing capital.expanded statewide reach and strengthened Arizona's small business ecosystem: growth partners Arizona continued advancing its statewide mission by expanding access to capital across Arizona. Through its direct and indirect lending activities, gpaz has now invested in businesses and organizations across 12 of Arizona's 15 counties, demonstrating significant statewide reach and extending economic opportunity beyond major metropolitan areas. This growing footprint reflects gpaz's commitment to ensuring that entrepreneurs and community organizations throughout Arizona have greater access to the financial resources needed to grow, create jobs, and strengthen their local economies.

Financial Efficiency

• Mission deployment rate: 48.3%; rating input score 48
• Program expense ratio: 96.2%; rating input score 96
• Fundraising efficiency: $173.89 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings

Transparency & Controls

• Consistency checks: 90.9%; rating input score 91; 5th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 85.7%; rating input score 86; 23rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 50.9%; rating input score 92; 92nd percentile among comparable filings
• Total-asset coverage ratio: 5.55; rating input score 85; 85th percentile among comparable filings
• Liabilities to assets ratio: 0.37; rating input score 29; 29th percentile among comparable filings
• Officer compensation ratio: 2%; rating input score 75; 75th percentile among comparable filings

Growth

• Program expense growth: 27.9% per year; rating input score 100; 91st percentile among comparable filings
• Revenue growth: 27.1% per year; rating input score 100; 93rd percentile among comparable filings
• Asset growth: 22.9% per year; rating input score 100; 87th percentile among comparable filings