Adak, AK
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Adak Community Development Corporation, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $754K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $553K, a strong 73% operating margin.
The promotion and development of fisheries related resources, infrastructure and assets for the benefit of the community of Adak, Alaska.
(accomplishments as measured by expenses: "Purchase of fishing quota under Community Quota entity program for use by local fishers.")Participation as stakeholders in fisheries management bodies (AK...
(accomplishments as measured by expenses: "Purchase of fishing quota under Community Quota entity program for use by local fishers.")Participation as stakeholders in fisheries management bodies (AK Board of Fish, North Pacific Fisheries Management Council, International Pacific Halibut Commission.) "Scholarship program for local high school graduates."
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $753,700 | $1,285,252 | -0.4% |
| Expenses | $200,345 | $158,901 | +0.3% |
| Net Income | $553,355 | $1,126,351 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Mary Nelson | Office Manager | 40.00 |
Officer
|
$39,578 | $0 | $39,578 |
| Layton J Lockett | President | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| Steven Minor | Vice President | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Larry D Mayes | Secretary/Treas | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| W David Fraser | Director | 10.00 |
Director
|
$0 | $0 | $0 |
| Richard R Koso | Director | 10.00 |
Director
|
$0 | $0 | $0 |
| Cory Herendeen | Director | 10.00 |
Director
|
$0 | $0 | $0 |
| Scott Bullock | Director | 10.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $753,700 | $200,345 | $6,451,091 | $553,355 |
| 2022 | $1,285,252 | $158,901 | $5,838,618 | $1,126,351 |
| 2021 | $820,475 | $97,995 | $4,817,463 | $722,480 |
| 2020 | $562,679 | $126,037 | $4,062,999 | $436,642 |
| 2019 | $562,527 | $307,058 | $3,687,472 | $255,469 |
| 2018 | $694,701 | $199,508 | $3,462,146 | $495,193 |
Compare Adak Community Development Corporation with other nonprofits in Alaska and across the country.