Alaska Pacific University

EIN: 920023588 501(c)(3) Education

Anchorage, AK

Total Revenue
$30,939,583
Total Expenses
$29,157,652
Total Assets
$151,075,756
Net Assets
$144,440,805
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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
1959
Legal Domicile
AK
Principal Officer
Janelle Vanasse President
Phone
9075648204
Tax Period
2024-07-01 to 2025-06-30

Alaska Pacific University, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $30.9M in total revenue in fiscal year 2024. Expenses of $29.2M left a modest 6% surplus.

Mission

INNOVATIVE TEACHING AND LEARNING WHERE STUDENTS RECEIVE PERSONAL ATTENTION AND ACQUIRE LEADERSHIP CAPABILITIES, MORAL CHARACTER, AND SELF-DIRECTION THROUGH ACTIVE LEARNING.

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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 $9,332,139
Program Service Revenue $13,591,999
Investment Income $113,540
Other Revenue $7,901,905
TOTAL REVENUE $30,939,583

Expense Breakdown

Grants Paid $4,146,240
Salaries & Benefits $533,347
Fundraising Expenses $0
Program Expenses $25,336,662
Other Expenses $24,478,065
TOTAL EXPENSES $29,157,652

Year-over-Year Comparison

2024 2023 Change
Revenue $30,939,583 $32,236,568 0.0%
Expenses $29,157,652 $27,389,522 +0.1%
Net Income $1,781,931 $4,847,046 -0.6%
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
15
Independent Members
12
Employees
361
Volunteers
15

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
6
$977,047
Total Directors
15
$729,441
Key Employees
0
$0
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jim Roberts Chair 0.75
Officer Director
$0 $36,408 $353,846
Janelle Vanasse President 40.0
Officer
$239,221 $36,837 $276,058
Bradley Harris Faculty Professor 40.0
Highest
$212,396 $26,487 $238,883
Jason Hart Treasurer 0.75
Officer Director
$0 $20,864 $198,614
Dr Virginia Hilton Hallock Provost (July 24-May 25) 40.0
Highest
$164,065 $17,684 $181,749
Marianne Murray Faculty Professor 40.0
Highest
$144,548 $35,235 $179,783
Mia Heavener Trustee 0.75
Director
$0 $20,749 $176,981
Nathan Wolf Faculty Professor 40.0
Highest
$157,747 $13,505 $171,252
Erik Flora Faculty Professor 40.0
Highest
$134,258 $29,050 $163,308
Sheila King CFO 40.0
Officer
$120,391 $28,138 $148,529
Sai Sadasivam Director of IT 40.0
Highest
$122,294 $15,414 $137,708
Liz La quen naay Medicine Crow Vice Chair 0.75
Officer Director
$0 $0 $0
Susan Anderson Secretary 0.75
Officer Director
$0 $0 $0
Margie Nelson Trustee 0.75
Director
$0 $0 $0
Matt Carle Trustee (July 24-Sept 24) 0.75
Director
$0 $0 $0
Trigg Davis Trustee 0.75
Director
$0 $0 $0
LeeAnn Garrick Trustee (July 24-March 25) 0.75
Director
$0 $0 $0
Don Keil Jr Trustee 0.75
Director
$0 $0 $0
Cory Lepore Jr Trustee 0.75
Director
$0 $0 $0
Lucy Anasuk Nelson Trustee 0.75
Director
$0 $0 $0
Joe Williams Jr Trustee 0.75
Director
$0 $0 $0
Tina Woods Trustee 0.75
Director
$0 $0 $0
Mike Harper Trustee 0.75
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 $30,939,583 $29,157,652 $151,075,756 $1,781,931
2024 No data No data No data No data
2023 $24,557,706 $23,818,534 $164,121,632 $739,172
2022 $22,492,550 $22,683,232 $156,786,376 $-190,682
2021 $27,263,260 $19,698,210 $163,618,260 $7,565,050
2020 $17,604,881 $18,985,030 $144,152,746 $-1,380,149
2019 $17,589,339 $19,653,073 $134,770,382 $-2,063,734
2018 $16,955,390 $18,611,083 $162,460,456 $-1,655,693
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