SHIP CREEK COMMUNITY ASSETS I (EIN 872040336) - 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

CAROL GORE

Phone

9077933000

Tax Period

2023-01-01 to 2023-12-31

SHIP CREEK COMMUNITY ASSETS I, founded in 2021, is a small nonprofit in the Human Services sector that reported $302K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $681K exceeded revenue, resulting in a 126% operating deficit.

Mission

THE MISSION OF SHIP CREEK COMMUNITY ASSETS I IS TO OWN AND MAKE AVAILABLE REAL ESTATE FOR SOCIAL SERVICES THAT ADDRESS HOMELESSNESS IN ANCHORAGE, 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 $250,000

Program Service Revenue $51,232

Investment Income $0

Other Revenue $625

TOTAL REVENUE $301,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $641,450

Other Expenses $681,311

TOTAL EXPENSES $681,311

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,857	$2,814,911	-0.9%
Expenses	$681,311	$2,413,377	-0.7%
Net Income	$-379,454	$401,534	-1.9%

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
GREGORY CERBANA	PRESIDENT	2.00	Director	$0	$0	$0
CAROL GORE	VICE PRESIDENT	2.00	Director	$0	$0	$0
GABRIEL LAYMEN	TREASURER	2.00	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	No data	No data	No data	No data
2023	$301,857	$681,311	$1,152,987	$-379,454
2022	$2,814,911	$2,413,377	$1,891,026	$401,534
2021	$1,203,286	$118,027	$1,107,713	$1,085,259

SHIP CREEK COMMUNITY ASSETS I