Alaska Corporation for Affordable Housing (EIN 460942043) - 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

2012

Legal Domicile

Principal Officer

Bryan Butcher

Phone

9073308416

Tax Period

2024-07-01 to 2025-06-30

Alaska Corporation for Affordable Housing, founded in 2012, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.9M in total revenue in fiscal year 2024. Revenue surged 480% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 35% operating margin.

Mission

The corporation provides affordable housing for low income households.Utilizing a wide range of state and federal government assistance programs

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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 $8,254,329

Program Service Revenue $732,605

Investment Income $244,885

Other Revenue $4,672,469

TOTAL REVENUE $13,904,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,294

Fundraising Expenses $0

Program Expenses $8,955,454

Other Expenses $8,792,728

TOTAL EXPENSES $9,037,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,904,288	$2,395,702	+4.8%
Expenses	$9,037,022	$7,548,236	+0.2%
Net Income	$4,867,266	$-5,152,534	-1.9%

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

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

$1,180,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brent Levalley	Chair Officer	1.00	Officer Director	$0	$0	$0
Jess Hall	Vice Chair	1.00	Officer Director	$0	$0	$0
Allen Hippler	Director	1.00	Director	$0	$0	$0
David Pruhs	Director	1.00	Director	$0	$0	$0
Fadil Limani	Director	1.00	Director	$0	$0	$0
Heidi Hedberg	Director	1.00	Director	$0	$0	$0
Julie Sande	Director	1.00	Director	$0	$0	$0
Sandra Moller	Director	1.00	Director	$0	$0	$0
Janelle Earls	Director	1.00	Director	$0	$0	$0
Adam Crum	Director (Left Mid Year)	1.00	Director	$0	$0	$0
Bryan Butcher	President	1.00	Officer	$0	$138,795	$520,724
Catherine Stone	Vice President	1.00	Officer	$0	$101,118	$330,486
Vasilios Gialopsos	Vice President	1.00	Officer	$0	$91,783	$328,925
Chelsea Smith	Director of Operations	40.00	Highest	$0	$44,125	$157,470

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
2025	$13,904,288	$9,037,022	$43,540,748	$4,867,266
2024	$2,395,702	$7,548,236	$37,903,464	$-5,152,534
2023	$13,889,658	$205,455	$43,840,762	$13,684,203
2022	$485,131	$654,097	$29,559,235	$-168,966
2021	$1,005,655	$433,884	$28,659,432	$571,771
2020	$2,084,595	$244,254	$28,094,385	$1,840,341
2019	$479,737	$304,978	$26,283,964	$174,759
2018	$474,658	$287,432	$26,107,750	$187,226

Alaska Corporation for Affordable Housing