Alaska Heat Smart (EIN 842399535) - 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

2021

Legal Domicile

Principal Officer

Steve Behnke

Phone

9075005050

Tax Period

2024-01-01 to 2024-06-30

Alaska Heat Smart, founded in 2021, is a small nonprofit in the Environment sector that reported $429K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

Alaska Heat Smart promotes energy efficiency, renewable energy and the reduction of greenhouse gas emissions. Alaska Heat Smart promotes actions that mitigate the high cost of building heating systems through the adoption of energy efficient systems powered by renewable energy. The corporation is organized exclusively for charitable, educational, and scientific purposes.

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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 $428,169

Program Service Revenue $0

Investment Income $893

Other Revenue $0

TOTAL REVENUE $429,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,974

Fundraising Expenses $0

Program Expenses $370,799

Other Expenses $297,497

TOTAL EXPENSES $427,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,062	$562,444	-0.2%
Expenses	$427,471	$546,252	-0.2%
Net Income	$1,591	$16,192	-0.9%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Behnke	President	2.00	Officer Director	$0	$0	$0
Paul Voelckers	Vice President	0.50	Officer Director	$0	$0	$0
Lori Sowa	Treasurer	1.00	Officer Director	$0	$0	$0
Sally Saddler	Secretary	0.50	Officer Director	$0	$0	$0
Lorraine DeAssis	Director	0.50	Director	$0	$0	$0
Robin Gilcrist	Director	0.50	Director	$0	$0	$0
Gretchen Kaiser	Director	0.50	Director	$0	$0	$0
Margo Waring	Director	0.50	Director	$0	$0	$0
Alan Wilson	Director	0.50	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
2025	No data	No data	No data	No data
2024	$429,062	$427,471	$485,344	$1,591
2022	$284,795	$278,423	$301,748	$6,372

Alaska Heat Smart