ALASKA NURSES ASSOCIATION

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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

1953

Legal Domicile

Principal Officer

DONNA PHILLIPS

Phone

9072740827

Tax Period

2024-01-01 to 2024-12-31

ALASKA NURSES ASSOCIATION, founded in 1953, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO IMPROVE HEALTH STANDARDS,FOSTER HIGH STANDARDS FOR NURSES AND TO PROMOTE THE PROFESSION OF NURSING

Program Service Accomplishments

Program 1

TO PROMOTE HIGHER HEALTH STANDARDS, FOSTER HIGH STANDARDS FOR NURSES, AND TO PROMOTE THE PROFESSION OF NURSING

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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 $36,587

Program Service Revenue $1,523,025

Investment Income $40,727

Other Revenue $2,895

TOTAL REVENUE $1,603,234

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $896,408

Fundraising Expenses $0

Other Expenses $786,337

TOTAL EXPENSES $1,692,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,603,234	$1,442,629	+0.1%
Expenses	$1,692,745	$1,668,632	+0.0%
Net Income	$-89,511	$-226,003	-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

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

$276,665

Total Directors

$409,431

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRA COLEGROVE	PRN PRESIDENT (THRU OCT 2024)	34.00	Officer Director	$101,765	$3,078	$104,843
DONNA PHILLIPS	LABOR COUNCIL CHAIR	37.00	Officer Director	$56,262	$9,847	$66,109
KIMBERLY KLUCKMAN	TREASURER (THRU OCT2024)	8.00	Officer Director	$50,397	$1,512	$51,909
JANE ERICKSON	RURAL DIRECTOR	1.00	Director	$21,556	$808	$22,364
KATIE SHULL	KTN BU REP DIRECTOR (THRU MAY 2024)	1.00	Director	$6,495	$0	$6,495
SHANNON DAVENPORT	PRESIDENT	10.00	Officer Director	$43,065	$0	$43,065
SARA MASSMAN	DIRECTOR AT LARGE	1.00	Director	$12,621	$0	$12,621
JENIPHER YOUNG	DIRECTOR AT LARGE	1.00	Director	$27,076	$0	$27,076
JESSY HILLIARD	SECRETARY (THRU OCT 2024)	1.00	Officer Director	$10,739	$0	$10,739
BRITTANY MACKEY	DIRECTOR AT LARGE (THRU OCT 2024)	1.00	Director	$2,567	$0	$2,567
STACEY SEVER	STAFF NURSE DIRECTOR	1.00	Director	$9,741	$0	$9,741
BETH FARNSTROM	DIRECTOR AT LARGE	1.00	Director	$3,063	$0	$3,063
CYNTHIA BOOHER	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
KYLIE BROWN	SOLDOTNA BU REP-LC	1.00	Director	$18,538	$0	$18,538
KARLENE DETTWILLER	RURAL AK DIRECTOR (THRU AUGUST 2024)	1.00	Director	$0	$0	$0
MEGAN JUDGE	APU STUDENT REP	1.00	Director	$0	$0	$0
PATRICK TAYLOR	GREATER AK DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HAZEN	VICE CHAIR-LC	1.00	Director	$28,152	$0	$28,152
STEPHANIE HILL	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN BRADY	SECRETARY/TREASURER	1.00	Director	$2,149	$0	$2,149

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	$1,603,234	$1,692,745	$1,248,899	$-89,511
2023	$1,442,629	$1,668,632	$1,338,016	$-226,003
2022	$1,343,682	$1,509,978	$1,572,245	$-166,296
2021	$1,368,542	$1,422,013	$1,730,708	$-53,471
2020	$1,311,749	$1,424,203	$1,794,986	$-112,454
2019	$1,452,316	$1,525,894	$1,895,920	$-73,578
2018	$1,383,534	$1,528,063	$1,968,983	$-144,529