Alaska Hospital & Healthcare Assoc… - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

Jared Kosin

Phone

9076461444

Tax Period

2023-01-01 to 2023-12-31

Alaska Hospital & Healthcare Association, founded in 1954, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $3.9M left a modest 4% surplus.

Mission

The Alaska Hospital & Healthcare Association (AHHA) is a non-profit trade association representing more than 65 hospitals, skilled nursing facilities, home health agencies, and other healthcare partners.Our members are distributed across Alaskas vast expanse of over half a million square miles, from PeaceHealth Ketchikan Medical Center in Southeast Alaska to Samuel Simmonds Memorial Hospital in Utqiagvik, north of the Arctic Circle. AHHA provides policy and advocacy expertise, leads and hosts opportunities for education and training, and brings together members and stakeholders for collaborative work to share data, resources, and best practices.Founded in 1953, AHHA was formerly known as the Alaska State Hospital & Nursing Home Association (ASHNHA). In May, 2022, the board passed a resolution to change the association's name in an effort to adopt a more inclusive, concise, and relevant title to represent our members and mission.

Program Service Accomplishments

Program 1

Expenses: $1,451,079 Revenue: $336,864

Workforce Development: Encourage professional and educational skills enhancement of facility personnel and assist in the education of the public on health policies, including regulatory and...

Workforce Development: Encourage professional and educational skills enhancement of facility personnel and assist in the education of the public on health policies, including regulatory and legislative issues.

Program 2

Expenses: $926,220 Revenue: $1,323,030

Hospital Performance Improvements: Foster communications and cooperation between member providers and all other organizations and individuals, public or private, involved with the providing of health care; and do all things possible which may best promote health care as identified by a strategic plan approved by the governing board of directors within available financial resources.

Program 3

Expenses: $681,425

Legislation and Policy Development: Promote and improve the member facilities as centers of health services for the people it serves; Support membership in providing health services and to advocate those programs and improvements that promote and encourage the enactment and promulgation of just and reasonable laws and regulations, improve the health status of the populations served and positively impact public access to health care.

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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 $2,193,994

Program Service Revenue $1,642,794

Investment Income $192,346

Other Revenue $39,792

TOTAL REVENUE $4,068,926

Expense Breakdown

Grants Paid $759,345

Salaries & Benefits $1,672,026

Fundraising Expenses $0

Program Expenses $3,058,724

Other Expenses $1,490,612

TOTAL EXPENSES $3,921,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,068,926	$2,475,724	+0.6%
Expenses	$3,921,983	$2,684,952	+0.5%
Net Income	$146,943	$-209,228	-1.7%

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

$804,719

Total Directors

$445,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jared Kosin	President & CEO	40.00	Officer Director	$412,250	$33,725	$445,975
Jeannie Monk	Senior VP	40.00	Officer	$177,540	$10,355	$187,895
Connie Beemer	Vice President	40.00	Officer	$161,445	$9,404	$170,849
Elizabeth King	Dir Behavioral	40.00		$110,549	$42,514	$153,063
Jim Myers	Director	1.00	Director	$0	$0	$0
Alan Vierling	Director	1.00	Director	$0	$0	$0
Heidi Hamilton	Director	1.00	Director	$0	$0	$0
Scott York	Director	1.00	Director	$0	$0	$0
Jennifer Opsut	Chairman	1.00	Officer Director	$0	$0	$0
Thomas Steinbrunner	Director	1.00	Director	$0	$0	$0
Richard Hall	Director	1.00	Director	$0	$0	$0
Nathan Rumsey	Director	1.00	Director	$0	$0	$0
Ian Worden	Director	1.00	Director	$0	$0	$0
Shaun Keef	Director	1.00	Director	$0	$0	$0
Hannah Sanders	Director	1.00	Director	$0	$0	$0
Tina Rein	Director	1.00	Director	$0	$0	$0
Shelley Ebenal	Past Chair	1.00	Officer Director	$0	$0	$0
Sandi Crawford	Director	1.00	Director	$0	$0	$0
Robert Clark	Director	1.00	Director	$0	$0	$0
Jesse Christensen	Director	1.00	Director	$0	$0	$0
Nathan Dahl	Director	1.00	Director	$0	$0	$0
Robert Onders	Director	1.00	Director	$0	$0	$0
Dave Wallace	Director	1.00	Director	$0	$0	$0
Ross Newcomb	Director	1.00	Director	$0	$0	$0
Angie Gorn	Director	1.00	Director	$0	$0	$0
Dori Stevens	Director	1.00	Director	$0	$0	$0
Phil Hofstetter	Chair Elect	1.00	Officer Director	$0	$0	$0
Sariah Hughes	Director	1.00	Director	$0	$0	$0
Sarah Skeel	Director	1.00	Director	$0	$0	$0
Angela LewisAngela	Director	1.00	Director	$0	$0	$0
Theresa Gleason	Director	1.00	Director	$0	$0	$0
Karl Hertz	Director	1.00	Director	$0	$0	$0
Ella Goss	Sec/Treasurer	1.00	Officer Director	$0	$0	$0
Melanee Tiura	Director	1.00	Director	$0	$0	$0
Jessica Oswald	Director	1.00	Director	$0	$0	$0
Heidi Aylsworth	Director	1.00	Director	$0	$0	$0
Holly Wolff	Director	1.00	Director	$0	$0	$0
Kay Turner	Director	1.00	Director	$0	$0	$0
Ryan Smith	Past Chair	1.00	Officer Director	$0	$0	$0
Ivy Stuart	Director	1.00	Director	$0	$0	$0
Joseph OConner	Director	1.00	Director	$0	$0	$0
Kim Stout	Director	1.00	Director	$0	$0	$0
Carly Allen	Director	1.00	Director	$0	$0	$0
Susan Wheeler	Board Chair	1.00	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
2024	No data	No data	No data	No data
2023	$4,068,926	$3,921,983	$4,548,489	$146,943
2022	$2,475,724	$2,684,952	$3,760,037	$-209,228
2021	$3,255,652	$3,059,067	$4,860,276	$196,585
2020	$3,128,497	$2,863,846	$4,533,338	$264,651
2019	$2,550,410	$2,420,976	$3,497,430	$129,434
2018	$2,381,245	$2,216,514	$3,354,576	$164,731

Alaska Hospital & Healthcare Association