PARTNERSHIP INC

EIN: 464451460 501(c)(3) Arts, Culture & Humanities

JUNEAU, AK

Total Revenue
$617,186
Total Expenses
$108,054
Total Assets
$4,976,698
Net Assets
$4,975,935
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
AK
Principal Officer
BOB BANGHART
Phone
9074194206
Tax Period
2024-07-01 to 2025-06-30

PARTNERSHIP INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $617K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $509K, a strong 82% operating margin.

Mission

THE MISSION OF THE PARTNERSHIP IS TO DESIGN, FUND, AND CONSTRUCT THE NEW JUNEAU ARTS AND CULTURAL CENTER (JACC).

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $467,008
Program Service Revenue $0
Investment Income $148,642
Other Revenue $1,536
TOTAL REVENUE $617,186

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,230
Fundraising Expenses $16,105
Program Expenses $55,224
Other Expenses $53,824
TOTAL EXPENSES $108,054

Year-over-Year Comparison

2024 2023 Change
Revenue $617,186 $339,507 +0.8%
Expenses $108,054 $120,276 -0.1%
Net Income $509,132 $219,231 +1.3%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
15
Independent Members
14
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
6
$58,141
Total Directors
15
$18,001
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB BANGHART EXECUTIVE DI 20.00
Officer
$40,140 $0 $40,140
NANCY DECHERNEY SECRETARY/ O 1.00
Officer Director
$18,001 $0 $18,001
BRUCE BOTELHO CO-CHAIR 1.00
Officer Director
$0 $0 $0
JOHN CLOUGH CO-CHAIR 1.00
Officer Director
$0 $0 $0
ANNIE CALKINS VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MARY WEGNER TREASURER 1.00
Officer Director
$0 $0 $0
PETER JURASZ DIRECTOR 1.00
Director
$0 $0 $0
JAMES BIBB DIRECTOR 1.00
Director
$0 $0 $0
WALTER CARPENETI DIRECTOR 1.00
Director
$0 $0 $0
JEV SHELTON DIRECTOR 1.00
Director
$0 $0 $0
FLORDELINO LAGUNDINO DIRECTOR 1.00
Director
$0 $0 $0
HAIFA FOROUGHI DIRECTOR 1.00
Director
$0 $0 $0
LISA DENNY DIRECTOR 1.00
Director
$0 $0 $0
CARIN SILKAIDIS DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP HUEBSCHEN DIRECTOR 1.00
Director
$0 $0 $0
JULIE WILLOUGHBY 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
2025 $617,186 $108,054 $4,976,698 $509,132
2024 No data No data No data No data
2023 $236,483 $119,456 $4,035,008 $117,027
2022 $380,957 $126,133 $3,822,211 $254,824
2021 $245,740 $100,957 $3,935,469 $144,783
2020 $569,024 $135,345 $3,794,173 $433,679
2019 $937,869 $100,824 $3,326,156 $837,045
2018 $1,447,872 $88,942 $2,526,652 $1,358,930
2017 $948,320 $148,779 $1,170,701 $799,541
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