Set Free Alaska Inc

EIN: 264350361 501(c)(3) Mental Health

Wasilla, AK

Total Revenue
$9,886,570
Total Expenses
$9,452,322
Total Assets
$12,985,031
Net Assets
$11,848,210
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AK
Principal Officer
Philip Licht
Phone
9073734732
Tax Period
2023-01-01 to 2023-12-31

Set Free Alaska Inc, founded in 2009, is a community nonprofit in the Mental Health sector that reported $9.9M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $9.5M left a modest 4% surplus.

Mission

Set Free Alaska, Inc. is a nonprofit corporation established as a faith driven prevention and treatment center that provides services to the Matanuska-Susitna Valley community in the area of substance abuse and other related addictions and/or destructive behaviors.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,160,410
Program Service Revenue $8,588,241
Investment Income $13,512
Other Revenue $124,407
TOTAL REVENUE $9,886,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,139,241
Fundraising Expenses $95,777
Program Expenses $7,700,353
Other Expenses $2,313,081
TOTAL EXPENSES $9,452,322

Year-over-Year Comparison

2023 2022 Change
Revenue $9,886,570 $11,499,507 -0.1%
Expenses $9,452,322 $9,155,165 +0.0%
Net Income $434,248 $2,344,342 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
164
Volunteers
31

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
8
$690,447
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philip Licht CEO 50.00
Officer
$199,990 $0 $199,990
Joyce Stein CFO 55.00
Officer
$139,063 $0 $139,063
Sherry Hill COO 50.00
Officer
$118,928 $0 $118,928
Amanda Zeppa Chief Clinical 50.00
Officer
$118,138 $0 $118,138
Carl Dulinsky Human Resources 50.00
Officer
$114,328 $0 $114,328
Linda Hendrickson Director 2.00
Director
$0 $0 $0
Josh Garvey Sec/Treas 2.00
Officer Director
$0 $0 $0
Liz Garvey Director 2.00
Director
$0 $0 $0
Krista Gonder Director 2.00
Director
$0 $0 $0
Einar Gondor Director 2.00
Director
$0 $0 $0
Greg L Heath Vice Chair 2.00
Officer Director
$0 $0 $0
Rachelle Creech Director 2.00
Director
$0 $0 $0
Jeremy Creech Chairman 2.00
Officer Director
$0 $0 $0
Derek Alley Director 2.00
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 No data No data No data No data
2023 $9,886,570 $9,452,322 $12,985,031 $434,248
2022 $11,499,507 $9,155,165 $12,588,774 $2,344,342
2021 $8,571,877 $7,636,198 $10,288,128 $935,679
2020 $10,003,898 $6,006,806 $9,120,128 $3,997,092
2019 $4,371,077 $3,498,474 $4,630,769 $872,603
2018 $4,027,326 $2,749,836 $2,817,894 $1,277,490
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