KODIAK ECONOMIC DEVELOPMENT CORPORATION (EIN 851350923) - 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

Tax Period

2023-01-01 to 2023-12-31

KODIAK ECONOMIC DEVELOPMENT CORPORATION, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $270K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $144K, a strong 53% operating margin.

Mission

Economic Development & Resiliency on Kodiak Island

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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 $270,259

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $270,259

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $31,894

Fundraising Expenses $16,992

Program Expenses $79,457

Other Expenses $73,914

TOTAL EXPENSES $125,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,259	$299,742	-0.1%
Expenses	$125,808	$247,948	-0.5%
Net Income	$144,451	$51,794	+1.8%

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

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
TOM PANAMAROFF	DIRECTOR	1.00	Director	$0	$0	$0
JASCHA ZBITNOFF	DIRECTOR	1.00	Director	$0	$0	$0
CYNDY MIKA	DIRECTOR	1.00	Director	$0	$0	$0
GREG ZADINA	DIRECTOR	1.00	Director	$0	$0	$0
LAURA ARBOLETA	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
COOPER CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
KARL HERTZ	PRESIDENT	2.00	Officer	$0	$0	$0
MARK ANDERSON	VP TREASURER	3.00	Officer	$0	$0	$0
MIKE PFEFFER	SECRETARY	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
2023	$270,259	$125,808	$216,410	$144,451
2022	$299,742	$247,948	$70,619	$51,794

KODIAK ECONOMIC DEVELOPMENT CORPORATION