ALASKA FEDERATION OF FILIPINO AMERICANS INC

EIN: 721572604 501(c)(3) Education

ANCHORAGE, AK

Total Revenue
$122,845
Total Expenses
$106,493
Total Assets
$108,800
Net Assets
$108,800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
AK
Principal Officer
Emerita Dawag
Phone
9072278842
Tax Period
2024-01-01 to 2024-12-31

ALASKA FEDERATION OF FILIPINO AMERICANS INC, founded in 2003, is a small nonprofit in the Education sector that reported $123K in total revenue in fiscal year 2024. Revenue surged 2399% from the prior year, signaling strong growth momentum. Expenses of $106K left a modest 13% surplus.

Mission

To increase civic awareness, enhance social responsibility and community leadership, to attain a high quality of life for all the Filipino Americans in Alaska by working together within the community. The object and purposes:To provide assistance to charitable institutions providing social services in Alaska and to needy individuals in distress or suffered loss due to fortuitous events or calamity. To provide leadership, educational and literary training to the youth and adults. To perpetuate Filipino values and cultural heritage through educational and instructional practices. Provide scholarship assistance to deserving individuals. to name a few.

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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 $4,753
Program Service Revenue $0
Investment Income $0
Other Revenue $118,092
TOTAL REVENUE $122,845

Expense Breakdown

Grants Paid $12,765
Salaries & Benefits $0
Fundraising Expenses $53,362
Program Expenses $53,131
Other Expenses $93,728
TOTAL EXPENSES $106,493

Year-over-Year Comparison

2024 2023 Change
Revenue $122,845 $4,915 +24.0%
Expenses $106,493 N/A N/A
Net Income $16,352 $4,915 +2.3%
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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Governance

Voting Members
11
Independent Members
178
Employees
N/A
Volunteers
167

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
10
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board of Directors Member 2
Director
$0 $0 $0
N/A Board of Director Member 3.00
Officer Director
$0 $0 $0
N/A Property Manager 1
Officer Director
$0 $0 $0
N/A Board of Director Member 1
Officer Director
$0 $0 $0
N/A Auditor 3
Officer Director
$0 $0 $0
N/A Board of Director Member 3
Officer Director
$0 $0 $0
N/A Board of Director Member 3
Officer Director
$0 $0 $0
Rafael Apostol Property Manager 2
Officer Director
$0 $0 $0
MaryAnn Ganacias President 2
Officer Director
$0 $0 $0
Elsa Sargento Board of Directors Member 0.50
Officer Director
$0 $0 $0
N/A Secretary 2
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
2024 $122,845 $106,493 $108,800 $16,352
2022 $68,575 $81,540 $63,391 $-12,965
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