ALASKA CARDIOVASCULAR RESEARCH FOUNDATION INC (EIN 743076026) - 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

2002

Legal Domicile

Principal Officer

MICHAEL HAUGEN

Phone

9075613211

Tax Period

2023-01-01 to 2023-12-31

ALASKA CARDIOVASCULAR RESEARCH FOUNDATION INC, founded in 2002, is a small nonprofit in the Medical Research sector that reported $336K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $312K left a modest 7% surplus.

Mission

TO PROVIDE EDUCATION, TRAINING, AND EQUIPMENT TO IMPROVE HEALTH CARE SERVICES IN THE STATE OF ALASKA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,575

Program Service Revenue $329,757

Investment Income $0

Other Revenue $0

TOTAL REVENUE $336,332

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $59,862

Fundraising Expenses $0

Program Expenses $304,637

Other Expenses $247,022

TOTAL EXPENSES $311,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,332	$260,126	+0.3%
Expenses	$311,884	$226,611	+0.4%
Net Income	$24,448	$33,515	-0.3%

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

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

$53,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HAUGEN MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL PETERSON MD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK WILCOX MD	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM NIGHSWANDER MD	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE COMPTON MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOB KELLY MD	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN GEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE KELLY	EXECUTIVE DIRECTOR	20.00	Officer	$53,862	$0	$53,862

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	No data	No data	No data	No data
2023	$336,332	$311,884	$207,277	$24,448
2022	$260,126	$226,611	$182,829	$33,515
2021	$115,258	$113,170	$149,314	$2,088
2020	$198,363	$230,616	$147,226	$-32,253
2019	$251,090	$273,126	$179,479	$-22,036
2018	$285,125	$238,317	$201,515	$46,808

ALASKA CARDIOVASCULAR RESEARCH FOUNDATION INC