SPRUCE ROOT INC

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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

2012

Legal Domicile

Principal Officer

ALANA PETERSON

Phone

9075861512

Tax Period

2023-01-01 to 2023-12-31

SPRUCE ROOT INC, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $8.9M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.9M, a strong 55% operating margin.

Mission

TO ASSIST SOUTHEAST ALASKAS PEOPLE, BUSINESSES, AND COMMUNITIES IN REACHING LONG-TERM ECONOMIC, SOCIAL, AND ENVIRONMENTAL RESILIENCE, AND IMPROVE ECONOMIC CONDITIONS IN SOUTHEAST ALASKA COMMUNITIES THROUGH INNOVATION, SUSTAINABILITY AND COLLABORATION. THE CDFI PROVIDES MICRO AND SMALL BUSINESS LOANS TO ELIGIBLE BORROWERS IN THOSE COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,988,787 Revenue: $160,677

THE SUSTAINABLE SOUTHEAST PARTNERSHIP (SSP) IS A GROWING COLLABORATION OF ORGANIZATIONS AND INDIVIDUALS WHOSE COMMON GOAL IS TO EMPOWER SOUTHEAST ALASKAN COMMUNITIES TO STRENGTHEN CULTURAL...

THE SUSTAINABLE SOUTHEAST PARTNERSHIP (SSP) IS A GROWING COLLABORATION OF ORGANIZATIONS AND INDIVIDUALS WHOSE COMMON GOAL IS TO EMPOWER SOUTHEAST ALASKAN COMMUNITIES TO STRENGTHEN CULTURAL, ECOLOGICAL AND ECONOMIC PROSPERITY, SUSTAINABILITY AND RESILIENCE. WE HAVE COME TOGETHER TO WORK COLLABORATIVELY THROUGH THIS PARTNERSHIP BECAUSE WE BELIEVE THAT WE CAN HAVE GREATER IMPACT BY WORKING TOGETHER ON THE COMPLEX CHALLENGES ASSOCIATED WITH COMMUNITY SUSTAINABILITY THAN BY WORKING ON OUR OWN.

Program 2

Expenses: $335,285 Revenue: $126,240

LENDING ACTIVITIES WERE EXECUTED AND SIGNIFICANT EFFORTS WERE COMMITTED TO SECURE ADDITIONAL FUNDING TO INCREASE AVAILABLE CAPITAL FOR LENDING TO ELIGIBLE BORROWERS.

Program 3

Expenses: $812,101 Revenue: $57,011

THE PATH TO PROSPERITY (P2P) PROGRAM IS A SUITE OF PROGRRAMS INCLUDING A BUSINESS COMPETITION THAT PROMOTES ENTREPRENEURIAL ACTIVITIES (TECHNICAL ASSISTANCE) IN ITS TARGET COMMUNITIES. OVER 350...

THE PATH TO PROSPERITY (P2P) PROGRAM IS A SUITE OF PROGRRAMS INCLUDING A BUSINESS COMPETITION THAT PROMOTES ENTREPRENEURIAL ACTIVITIES (TECHNICAL ASSISTANCE) IN ITS TARGET COMMUNITIES. OVER 350 BUSINESSES HAVE PARTICIPATED IN THE PROGRAM TO DATE.

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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 $7,877,678

Program Service Revenue $286,917

Investment Income $674,961

Other Revenue $74,634

TOTAL REVENUE $8,914,190

Expense Breakdown

Grants Paid $1,021,540

Salaries & Benefits $1,850,008

Fundraising Expenses $257,437

Program Expenses $3,136,173

Other Expenses $1,125,521

TOTAL EXPENSES $3,997,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,914,190	$20,825,542	-0.6%
Expenses	$3,997,069	$2,913,388	+0.4%
Net Income	$4,917,121	$17,912,154	-0.7%

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

$170,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE ISAACSS	CHAIR	0.50	Officer Director	$0	$0	$0
CHRIS PEREZ	PRESIDENT, FINANCE COMMITTEE	0.50	Officer Director	$0	$0	$0
JOE NELSON	SECRETARY	0.50	Officer Director	$0	$0	$0
NORMAN COHEN	TREASURER, FINANCE COMMITTEE	0.50	Officer Director	$0	$0	$0
ANTHONY MALLOTT	BOARD MEMBER, TREASURER	0.50	Officer Director	$0	$0	$0
LA QUEN NAAY LIZ MEDICINE CROW	BOARD MEMBER	0.50	Director	$0	$0	$0
SARAH DYBDAHL	BOARD MEMBER	0.50	Director	$0	$0	$0
ALANA PETERSON	EXECUTIVE DIRECTOR	35.00	Officer	$143,556	$27,330	$170,886

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	$8,914,190	$3,997,069	$30,397,018	$4,917,121
2022	$20,825,542	$2,913,388	$21,033,643	$17,912,154
2021	$3,464,933	$3,457,340	$2,965,503	$7,593
2020	$1,991,162	$1,883,433	$2,882,638	$107,729
2019	$1,323,136	$1,262,316	$2,687,532	$60,820
2018	$1,111,234	$1,001,658	$2,370,511	$109,576