Arctic Slope Community Foundation Inc (EIN 272247740) - 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

2009

Legal Domicile

Principal Officer

Ronald R Panigeo

Phone

9073396026

Tax Period

2024-01-01 to 2024-12-31

Arctic Slope Community Foundation Inc, founded in 2009, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $4.7M exceeded revenue, resulting in a 45% operating deficit.

Mission

Strengthen our culture of giving and improve the quality on life among the people of the Arctic Slope region of Alaska.

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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 $3,078,866

Program Service Revenue $0

Investment Income $106,230

Other Revenue $82,990

TOTAL REVENUE $3,268,086

Expense Breakdown

Grants Paid $805,517

Salaries & Benefits $1,284,618

Fundraising Expenses $129,139

Program Expenses $3,720,000

Other Expenses $2,639,925

TOTAL EXPENSES $4,730,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,268,086	$4,054,580	-0.2%
Expenses	$4,730,060	$5,438,915	-0.1%
Net Income	$-1,461,974	$-1,384,335	+0.1%

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

$358,688

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patuk Glenn	Executive Dir.	40.00	Officer	$141,592	$44,731	$186,323
Ronald Panigeo	CFO	40.00	Officer	$139,546	$32,819	$172,365
Laura Patkotak	President	1.00	Officer Director	$0	$0	$0
Aqquilluk Hank	Board Member	1.00	Director	$0	$0	$0
Edna Ahmaogak	Vice President	1.00	Officer Director	$0	$0	$0
Rex Rock Sr	Treasurer	1.00	Officer Director	$0	$0	$0
Glenn Solomon	Secretary	1.00	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	$3,268,086	$4,730,060	$8,357,535	$-1,461,974
2023	$4,054,580	$5,438,915	$9,299,441	$-1,384,335
2022	$5,074,452	$5,932,408	$10,121,365	$-857,956
2021	$4,961,869	$3,930,979	$12,635,878	$1,030,890
2020	$2,175,236	$2,395,006	$11,455,285	$-219,770
2019	$7,062,203	$2,704,674	$11,437,609	$4,357,529
2018	$1,449,091	$1,515,009	$6,336,205	$-65,918
2017	$1,695,080	$2,434,213	$6,706,523	$-739,133

Arctic Slope Community Foundation Inc