ALASKA DIVE SEARCH RESCUE AND RECOVERY TEAM

EIN: 814286647 501(c)(3) Public Safety

ANCHORAGE, AK

Total Revenue
$297,295
Total Expenses
$250,880
Total Assets
$265,022
Net Assets
$265,022
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
AK
Principal Officer
JEREMY LILLY
Tax Period
2024-01-01 to 2024-12-31

ALASKA DIVE SEARCH RESCUE AND RECOVERY TEAM, founded in 2016, is a small nonprofit in the Public Safety sector that reported $297K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 16% operating margin.

Mission

THE ALASKA DIVE SEARCH, RESCUE AND RECOVERY TEAM (AK DIVE RESCUE) IS AN ALL-VOLUNTEER, UNPAID, NON-PROFIT PUBLIC SAFETY WATER RESCUE/DIVE SEARCH AND RECOVERY, TEAM THAT EXISTS TO PROVIDE THE DEPARTMENT OF PUBLIC SAFETY (DPS) A STATEWIDE CAPABILITY ABOVE AND UNDERNEATH THE WATERS SURFACE. THE TEAM IS ACTIVATED BY THE STATE SEARCH AND RESCUE COORDINATOR AND IS READY TO DEPLOY FOR RECOVERY MISSIONS ANYWHERE IN ALASKA USUALLY WITHIN TWO HOURS OF NOTIFICATION. IN ADDITION TO THE ABOVE THE ALASKA DIVE SEARCH, RESCUE AND RECOVERY TEAM IS DEDICATED TO PREVENTING AS MANY TRAGEDIES AS POSSIBLE THROUGH PUBLIC EDUCATION ON BOATING AND WATER SAFETY.

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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 $236,266
Program Service Revenue $0
Investment Income $0
Other Revenue $61,029
TOTAL REVENUE $297,295

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $238,072
Other Expenses $250,880
TOTAL EXPENSES $250,880

Year-over-Year Comparison

2024 2023 Change
Revenue $297,295 $159,556 +0.9%
Expenses $250,880 $155,125 +0.6%
Net Income $46,415 $4,431 +9.5%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
19

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
4
$8
Total Directors
8
$8
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY LILLY PRESIDENT 103.85
Officer Director
$0 $0 $0
AUSTIN BALAUA VICE PRESIDE 53.85
Officer Director
$0 $0 $0
AMANDA REYNOLDS SECRETARY 15.96
Officer Director
$0 $0 $0
FRANK MARLEY TREASURER 7.96
Officer Director
$8 $0 $8
RYAN HOOK ASSISTANT TR 8.00
Director
$0 $0 $0
ANDREW MANNING DIRECTOR 25.00
Director
$0 $0 $0
ASHLEE MILLER DIRECTOR 5.77
Director
$0 $0 $0
WES REYNOLDS DIRECTOR 17.31
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
2024 $297,295 $250,880 $265,022 $46,415
2023 $159,556 $155,125 $155,878 $4,431
2022 $242,342 $75,841 $214,176 $166,501
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