ALASKA STATE FAIR INC

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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

JEFF CURTIS

Phone

9077454827

Tax Period

2023-01-01 to 2023-12-31

ALASKA STATE FAIR INC, founded in 1959, is a mid-sized nonprofit in the Recreation & Sports sector that reported $10.1M in total revenue in fiscal year 2023. Expenses of $9.6M left a modest 5% surplus.

Mission

TO PROVIDE THE FACILITIES AND ACTIVITIES FOR AN AGRICULTURAL AND EDUCATIONAL FAIR IN THE STATE OF ALASKA FOR 14 DAYS EACH YEAR.

Program Service Accomplishments

Program 1

Expenses: $8,660,623 Revenue: $9,269,047

TO PROVIDE THE FACILITIES AND ACTIVITIES FOR AN AGRICULTURAL AND EDUCATIONAL FAIR IN THE STATE OF ALASKA FOR 14 DAYS EACH YEAR (2023 ATTENDANCE: 356,179)

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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 $684,146

Program Service Revenue $9,287,950

Investment Income $46,436

Other Revenue $80,779

TOTAL REVENUE $10,099,311

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $2,070,316

Fundraising Expenses $0

Program Expenses $8,660,623

Other Expenses $7,468,792

TOTAL EXPENSES $9,550,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,099,311	$9,952,579	+0.0%
Expenses	$9,550,108	$8,712,013	+0.1%
Net Income	$549,203	$1,240,566	-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

267

Volunteers

700

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

$154,191

Total Directors

$10,110

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY CURTIS	EXECUTIVE DIRECTOR, JULY - CURRENT	40.00	Officer	$89,000	$0	$89,000
SHERON PATRICK	DIRECTOR, RESIGNED MAY	3.00	Director	$410	$0	$410
JEROME HERTEL	EXECUTIVE DIRECTOR, RESIGNED APRIL	40.00	Officer	$51,330	$7,121	$58,451
KRISTY BERNIER	PRESIDENT (JANUARY - MAY)	4.00	Officer Director	$765	$0	$765
JOHN HARKEY	PRESIDENT (MAY - DECEMBER)	4.00	Officer Director	$1,990	$0	$1,990
JASON ORTIZ	VICE PRESIDENT	4.00	Officer Director	$1,405	$0	$1,405
CODY BEUS	SECRETARY	4.00	Officer Director	$1,290	$0	$1,290
ARYNE RANDALL	TREASURER	4.00	Officer Director	$1,290	$0	$1,290
JON MARC PETERSEN	DIRECTOR	3.00	Director	$1,250	$0	$1,250
CAROL KENLEY	DIRECTOR	3.00	Director	$880	$0	$880
WILLIAM FISCHER	DIRECTOR	3.00	Director	$830	$0	$830

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	$10,099,311	$9,550,108	$14,808,300	$549,203
2022	$9,952,579	$8,712,013	$14,035,564	$1,240,566
2021	$12,080,076	$7,359,442	$12,629,494	$4,720,634
2020	$2,404,667	$3,010,269	$8,149,626	$-605,602
2019	$7,872,592	$7,914,308	$8,489,468	$-41,716