AFOGNAK NATIVE CORPORATION FRINGE BENEFIT TRUST (EIN 477303389) - 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

2015

Legal Domicile

Principal Officer

PATRICIA WATSON

Phone

8882329574

Tax Period

2024-01-01 to 2024-12-31

AFOGNAK NATIVE CORPORATION FRINGE BENEFIT TRUST, founded in 2015, is a mid-sized nonprofit in the Mutual Benefit sector that reported $18.9M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

THE PLAN PROVIDES MEDICAL, DENTAL, VISION, PRESCRIPTION DRUG, LIFE INSURANCE, SHORT-TERM DISABILITY, LONG TERM DISABILITY AND OTHER FRINGE BENEFITS FOR ALL EMPLOYEES OF THE AFOGNAK NATIVE CORPORATION AND ITS SUBSIDIARIES.

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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 $0

Program Service Revenue $18,861,820

Investment Income $25,475

Other Revenue $0

TOTAL REVENUE $18,887,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,522,230

TOTAL EXPENSES $19,253,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,887,295	$20,797,559	-0.1%
Expenses	$19,253,135	$20,667,594	-0.1%
Net Income	$-365,840	$129,965	-3.8%

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

N/A

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

Total Directors

$2,795,352

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA WATSON	TRUSTEE	1.00	Director	$0	$3,500	$290,802
GREG HAMBRIGHT	TRUSTEE	1.00	Director	$0	$20,059	$1,504,133
KATHLEEN VILLARS	TRUSTEE	1.00	Director	$0	$9,668	$520,932
AMY SHIMEK	TRUSTEE	1.00	Director	$0	$3,500	$479,485

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	$18,887,295	$19,253,135	$5,589,580	$-365,840
2023	$20,797,559	$20,667,594	$5,792,621	$129,965
2022	$23,150,005	$22,227,720	$5,427,072	$922,285
2021	$24,371,612	$23,675,661	$4,843,867	$695,951
2020	$27,431,553	$27,266,789	$3,906,200	$164,764
2019	$24,649,453	$26,851,011	$3,739,101	$-2,201,558
2018	$20,770,181	$21,868,203	$5,875,245	$-1,098,022

AFOGNAK NATIVE CORPORATION FRINGE BENEFIT TRUST