Alaska Development Corporation (EIN 562374498) - 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

2004

Legal Domicile

Principal Officer

Garrett Choenberger

Phone

9075232300

Tax Period

2024-07-01 to 2025-06-30

Alaska Development Corporation, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $438K in total revenue in fiscal year 2024. Revenue surged 279% from the prior year, signaling strong growth momentum. Expenses of $568K exceeded revenue, resulting in a 30% operating deficit.

Mission

Promote sound and sustainable economic growth and diversification within the State of Alaska by providing information, education, and programs of assistance for businesses, agencies, law makers, and the public; and any and all types of activities not prohibited by laws which shall promote and foster economic growth.

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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 $424,001

Program Service Revenue $150

Investment Income $13,473

Other Revenue $18

TOTAL REVENUE $437,642

Expense Breakdown

Grants Paid $553,724

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $559,648

Other Expenses $14,046

TOTAL EXPENSES $567,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$437,642	$115,377	+2.8%
Expenses	$567,770	$91,429	+5.2%
Net Income	$-130,128	$23,948	-6.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Garrett Choenberger	Chairman	1.00	Officer Director	$0	$0	$0
Aparna DileepNageswaran Palmer	Vice Chair	1.00	Officer Director	$0	$0	$0
Trenton English	Director	1.00	Director	$0	$0	$0
Brian Kleinhenx	Director	1.00	Director	$0	$0	$0
Alexander Kotlarov	Director	1.00	Director	$0	$0	$0
Todd Schur	Director	1.00	Director	$0	$0	$0
Jill Weitz	Director	1.00	Director	$0	$0	$0
Beth Weldon	Director	1.00	Director	$0	$0	$0
Brian Holst	Executive Dir.	1.00	Officer	$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	$437,642	$567,770	$230,802	$-130,128
2024	$115,377	$91,429	$349,318	$23,948
2023	$121,141	$8,976	$325,369	$112,165
2022	$216,932	$163,394	$223,782	$53,538
2021	$282,786	$189,107	$175,414	$93,679
2020	$205,923	$152,199	$85,836	$53,724
2019	$231,049	$225,927	$356,629	$5,122
2018	$224,517	$222,521	$60,962	$1,996

Alaska Development Corporation