ANCHORAGE RESIDENTS ASSOCIATION INC (EIN 132647330) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

GARY OLT

Phone

9144500400

Tax Period

2024-01-01 to 2024-12-31

ANCHORAGE RESIDENTS ASSOCIATION INC, founded in 1969, is a micro nonprofit in the Housing & Shelter sector that reported $60K in total revenue in fiscal year 2024. Expenses of $80K exceeded revenue, resulting in a 33% operating deficit.

Mission

THIS IS AN ASSOCIATION FOR THE BENEFIT OF THE HOMEOWNERS; 33 HOUSES PAY DUES FOR THE MAINTENANCE OF THE COMMON FACILITIES SUCH AS THE POOL & MARINA WHICH ARE DEEDED AT PURCHASE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $58,860

Investment Income $1,592

Other Revenue $0

TOTAL REVENUE $60,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,460

Fundraising Expenses $0

Program Expenses $63,254

Other Expenses $65,945

TOTAL EXPENSES $80,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,452	$59,960	+0.0%
Expenses	$80,405	$54,913	+0.5%
Net Income	$-19,953	$5,047	-5.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE ALEXIOU	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ALBERT BURCHMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
ROBERT DIGNELLI	DIRECTOR	N/A	Director	$0	$0	$0
ERICH HOFFMAN	DIRECTOR	N/A	Director	$0	$0	$0
ANNA MAGNOLI	SECRETARY	N/A	Director	$0	$0	$0
TOM MARTIN	TREASURER	N/A	Director	$0	$0	$0
GARY OLT	DIRECTOR	N/A	Director	$0	$0	$0
PETER PAULOS	DIRECTOR	N/A	Director	$0	$0	$0
BILL SLADE	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE SOLANO	TREASURE	N/A	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$60,452	$80,405	$74,093	$-19,953
2023	$59,960	$54,913	$94,241	$5,047
2022	$60,670	$60,768	$89,194	$-98
2021	$56,000	$56,806	$89,292	$-806
2020	$56,067	$56,167	$90,098	$-100
2019	$57,755	$46,962	$90,198	$10,793
2018	$56,800	$54,263	$79,405	$2,537

ANCHORAGE RESIDENTS ASSOCIATION INC