Alaska Pacific University

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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

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

APU PROVIDES A WORLD-CLASS, HANDS-ON, CULTURALLY-RESPONSIVE EDUCATIONAL EXPERIENCE IN COLLABORATION WITH OUR STUDENTS, COMMUNITIES, AND TRIBAL PARTNERS.

Program Service Accomplishments

Program 1

Expenses: $14,858,445 Revenue: $10,703,326

ACADEMIC INSTRUCTION AND SUPPORT SERVICES INCLUDING INSTRUCTIONAL LABS, RESEARCH, AND PUBLIC SERVICE PROGRAMS

Program 2

Expenses: $6,331,977 Revenue: $8,479,772

STUDENT AND AUXILIARY SERVICES INCLUDING HOUSING, CAFETERIA, AND STUDENT-FOCUSED ACTIVITIES

Program 3

Expenses: $4,146,240

INSTITUTIONAL FINANCIAL AID - 610 STUDENTS WERE SERVED

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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 $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

Governance

Voting Members

Independent Members

Employees

361

Volunteers

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

$977,047

Total Directors

$729,441

Key Employees

Highest Compensated

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