FTF FOUNDATION

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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

2006

Legal Domicile

Principal Officer

DON HABEGER

Phone

9072091797

Tax Period

2023-01-01 to 2023-12-31

FTF FOUNDATION, founded in 2006, is a micro nonprofit in the Environment sector that reported $30K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $37K exceeded revenue, resulting in a 23% operating deficit.

Mission

FIRST THINGS FIRST ALASKA FOUNDATION IS DEDICATED TO PRESERVING THE ECONOMIC VIABILITY AND FUTURE OF ALASKA THROUGH EDUCATION. THERE IS A CLEAR NEED TO EDUCATE THE PUBLIC ON THE BENEFITS OF RESPONSIBLE ECONOMIC DEVELOPMENT AND NATURAL RESOURCE MANAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $28,305

THE ORGANIZATION'S ONGOING EFFORTS TO EDUCATE THE PUBLIC BY MONITORING AND RESEARCHING NATURAL RESOURCE MANAGEMENT ISSUES, BY HIGHLIGHTING REASONABLE USE, ACCESS, ECONOMIC OPPORTUNITIES, AND...

THE ORGANIZATION'S ONGOING EFFORTS TO EDUCATE THE PUBLIC BY MONITORING AND RESEARCHING NATURAL RESOURCE MANAGEMENT ISSUES, BY HIGHLIGHTING REASONABLE USE, ACCESS, ECONOMIC OPPORTUNITIES, AND DEVELOPMENT; ALL OF WHICH CAN BE DONE WHILE PROTECTING THE ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,876

Program Service Revenue $0

Investment Income $0

Other Revenue $23,778

TOTAL REVENUE $29,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,305

Other Expenses $36,526

TOTAL EXPENSES $36,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,654	$25,121	+0.2%
Expenses	$36,526	$29,608	+0.2%
Net Income	$-6,872	$-4,487	+0.5%

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

150

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

$10,914

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON HABEGER	EXECUTIVE DI	5.00	Officer	$10,914	$0	$10,914
JOSEPH KAHKLEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
COREY BAXTER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
FRANK BERGSTROM	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT SPICKLER	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT BERGMANN	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE COOGAN	DIRECTOR	1.00	Director	$0	$0	$0
DENNY DEWITT	DIRECTOR	1.00	Director	$0	$0	$0
NEIL MACKINNON	DIRECTOR	1.00	Director	$0	$0	$0
MAC MEINERS JR	DIRECTOR	1.00	Director	$0	$0	$0
JASON PALMER	DIRECTOR	1.00	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	$29,654	$36,526	$32,158	$-6,872
2022	$25,121	$29,608	$39,217	$-4,487
2020	$41,391	$44,608	$32,493	$-3,217
2019	$40,720	$56,384	$34,095	$-15,664
2018	$52,754	$52,653	$48,937	$101