Alaska Airlines 501(c)(9) Welfare Trust (EIN 273193440) - 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

Emily Halverson

Phone

2063925416

Tax Period

2024-01-01 to 2024-12-31

Alaska Airlines 501(c)(9) Welfare Trust, founded in 2009, is a mid-sized nonprofit in the Mutual Benefit sector that reported $14.3M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 16% operating margin.

Mission

Voluntary employee's beneficiary association providing for the payment of long term disability benefits of certain employees.

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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 $14,021,805

Program Service Revenue $0

Investment Income $286,697

Other Revenue $0

TOTAL REVENUE $14,308,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,634,138

Fundraising Expenses $0

Program Expenses $11,971,375

Other Expenses $337,237

TOTAL EXPENSES $11,971,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,308,502	$10,582,015	+0.4%
Expenses	$11,971,375	$11,768,356	+0.0%
Net Income	$2,337,127	$-1,186,341	-3.0%

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

N/A

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
Paul Sales	MD Total Rewards	0.1	Officer	$0	$0	$0
Scott Day	MD Chief Pilot	0.1	Officer	$0	$0	$0
Jerrold Traphagen	Pilot-Captain	0.1	Officer	$0	$0	$0
Shane Wrobel	Pilot-Captain	0.1	Officer	$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	$14,308,502	$11,971,375	$12,873,044	$2,337,127
2023	$10,582,015	$11,768,356	$10,563,803	$-1,186,341
2022	$14,333,937	$10,712,446	$11,693,032	$3,621,491
2021	$8,692,333	$8,435,219	$8,073,781	$257,114
2020	$8,001,353	$7,016,288	$7,814,322	$985,065

Alaska Airlines 501(c)(9) Welfare Trust