Northen Culture Exchange

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

YNGVIL VATN GUTTU

Phone

6466754737

Tax Period

2023-01-01 to 2023-12-31

Northen Culture Exchange, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $270K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $305K exceeded revenue, resulting in a 13% operating deficit.

Mission

To create and promote cross cultural collaborations, community awareness, professional development and educational opportunities for artists, educators and community professionals.

Program Service Accomplishments

Program 1

Expenses: $67,588 Revenue: $53,215

Alaska Independent Musicians Initiative - Develops, brands and exports Alaskan music. Hosts the AK Music Summit, and works on AK music census projects. Serves hundreds of musicians and thousands of...

Program 2

Expenses: $56,569 Revenue: $41,725

Parlor in the Round: A platform for musical improvisations, starring Alaskan artists and encouraging audience participation. Performed in dinner theater and outdoor event settings. Serves about 50...

Parlor in the Round: A platform for musical improvisations, starring Alaskan artists and encouraging audience participation. Performed in dinner theater and outdoor event settings. Serves about 50 artists and thousands of audience members.

Program 3

Expenses: $40,261 Revenue: $32,960

Spenard Jazz Fest: Provides platform for Alaskan composers and performers in contemporary and jazz music. Annual festival and monthly music events. Serves about 100 musicians and thousands of...

Spenard Jazz Fest: Provides platform for Alaskan composers and performers in contemporary and jazz music. Annual festival and monthly music events. Serves about 100 musicians and thousands of audience members.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $220,468

Program Service Revenue $50,653

Investment Income $0

Other Revenue $-1,306

TOTAL REVENUE $269,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $17,475

Program Expenses $239,627

Other Expenses $304,598

TOTAL EXPENSES $304,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,815	$194,346	+0.4%
Expenses	$304,598	$274,056	+0.1%
Net Income	$-34,783	$-79,710	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$41,500

Total Directors

$44,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE BEESLEY	ChairDirector	5.000	Officer Director	$0	$0	$0
MARIEKE HEATWOLE	TreasVice ChairDir	5.000	Officer Director	$0	$0	$0
YNGVIL VATN GUTTU	SecretaryDirED	5.000	Officer Director	$41,500	$0	$41,500
MICHAEL DICKERSON	DirectorCoordinator	5.000	Director	$3,000	$0	$3,000

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
2023	$269,815	$304,598	$120,232	$-34,783
2021	$269,564	$167,690	$234,726	$101,874