ALASKA ASSOCIATION FOR CAREER AND … - Form 990 Financial Data

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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

Principal Officer

AUDRA FORSMAN

Phone

9077701826

Tax Period

2022-07-01 to 2023-06-30

ALASKA ASSOCIATION FOR CAREER AND TECHNICAL EDUCATION is a small nonprofit that reported $211K in total revenue in fiscal year 2022. The organization ran a surplus of $149K, a strong 71% operating margin.

Mission

TO ADVANCE CAREER AND TECHNICAL EDUCATION IN ALASKA

Program Service Accomplishments

Program 1

Expenses: $50,300

AK ACTE PROFESSIONAL DEVELOPMENT CONFERENCE HOSTING FOR MORE THAN 200 SECONDARY AND POSTSECONDARY CTE PROFESSIONALS FROM 27 SCHOOL DISTRICTS AND 15 POST-SECONDARY INSTITUTIONS.

Program 2

Expenses: $1,614

PROVIDE LEADERSHIP TRAINING AND PARTICIPATION IN POLICY EVENTS.

Program 3

Expenses: $2,739

DISSEMINATE INFORMATION TO MEMBERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $197,197

Program Service Revenue $13,499

Investment Income $129

Other Revenue $0

TOTAL REVENUE $210,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,653

Other Expenses $61,467

TOTAL EXPENSES $61,467

Year-over-Year Comparison

	2022	2021	Change
Revenue	$210,825	N/A	N/A
Expenses	$61,467	N/A	N/A
Net Income	$149,358	N/A	N/A

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

N/A

Volunteers

N/A

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
AUDRA FORSMAN	TREASURER	N/A	Officer Director	$0	$0	$0
KERN MCGINLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
ZACH STENSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BARBARA WADLINGER	SECRETARY	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
2023	$210,825	$61,467	$306,937	$149,358

ALASKA ASSOCIATION FOR CAREER AND TECHNICAL EDUCATION