Kodiak Area Chamber of Commerc

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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

1958

Legal Domicile

Principal Officer

Sarah Phillips

Tax Period

2023-01-01 to 2023-12-31

Kodiak Area Chamber of Commerc, founded in 1958, is a small nonprofit that reported $376K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

To promote the planned orderly growth and development of Kodiak through strong private sector business leadership that influences Kodiaks economics and politics.

Program Service Accomplishments

Program 1

Expenses: $72,700

Crab Festival

Program 2

Expenses: $19,197

Com Fish

Program 3

Expenses: $10,219

Litter Program

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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 $127,125

Program Service Revenue $181,432

Investment Income $5,589

Other Revenue $61,507

TOTAL REVENUE $375,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,721

Fundraising Expenses $0

Program Expenses $169,695

Other Expenses $226,376

TOTAL EXPENSES $391,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$375,653	$404,177	-0.1%
Expenses	$391,097	$351,864	+0.1%
Net Income	$-15,444	$52,313	-1.3%

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

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

$92,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Sanford	President	10	Officer Director	$0	$0	$0
Linnea Johnson	Vice President	4	Officer Director	$0	$0	$0
Julie Bonney	Past President	4	Officer Director	$0	$0	$0
Mary Beth Loew	Sec/Treasurer	4	Officer Director	$0	$0	$0
Hailey Ivanoff	Bd Member	2	Director	$0	$0	$0
Tyler Wallace	Bd Member	2	Director	$0	$0	$0
Sara Fraser	Bd Member	2	Director	$0	$0	$0
Kevin Bumgarne	Bd Member	2	Director	$0	$0	$0
Gemma Hawley	Bd Member	2	Director	$0	$0	$0
Nichole Rohde	Bd Member	2	Director	$0	$0	$0
Tyler Kornelis	Bd Member	2	Director	$0	$0	$0
Ellen Simeonof	Exec Director	40	Key Emp Highest	$92,500	$0	$92,500

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	$375,653	$391,097	$706,600	$-15,444
2022	$404,177	$351,864	$721,326	$52,313
2021	$385,422	$310,170	$677,950	$75,252
2020	$356,109	$324,444	$589,349	$31,665