Alaska Village Initiatives

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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

1968

Legal Domicile

Principal Officer

Charles Parker

Phone

9072745400

Tax Period

2023-10-01 to 2024-09-30

Alaska Village Initiatives, founded in 1968, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

Alaska Village Initiatives AVI, a self-supporting corporation organized in 1968 by and for rural Alaskans, promotes the economic well-being of rural Alaskans through economic development, assistance, networking, advocacy, and education.

Program Service Accomplishments

Program 1

Expenses: $1,283,010 Revenue: $52,559

Agriculture Fund: AVI provided services to Native farmers, ranchers, and other agriculture producers in the following areas: Business planning, capacity building, training opportunities in financial management, policy and procedures , and grant writing, agriculture regrants to Tribal Conservation Districts, and planning for farms or large scale gardens.

Program 2

Expenses: $54,315 Revenue: $94,552

Rural Small Business Services: Provided technical assistance to the Organization's membership base in the area of business assistance, computer training and assistance, and board of directors...

Rural Small Business Services: Provided technical assistance to the Organization's membership base in the area of business assistance, computer training and assistance, and board of directors training. The cornerstone of technical assistance is to ensure that rural business owners are able to formulate and execute business plans, devise market strategies, and interpret financial information in order to build, manage, and operate ongoing successful businesses.

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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 $1,268,581

Program Service Revenue $147,111

Investment Income $145

Other Revenue $847

TOTAL REVENUE $1,416,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $717,100

Fundraising Expenses $0

Program Expenses $1,337,325

Other Expenses $993,973

TOTAL EXPENSES $1,711,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,416,684	$1,695,848	-0.2%
Expenses	$1,711,073	$1,674,491	+0.0%
Net Income	$-294,389	$21,357	-14.8%

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

$164,054

Total Directors

$3,788

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Parker	CEO	40.00	Officer	$121,733	$0	$121,733
Lazaro George Quinto	Vice President	25.00	Officer	$40,433	$0	$40,433
Myron Naneng	Chairman	1.50	Officer Director	$788	$0	$788
Robert Stephan Sr	Vice President	1.50	Officer Director	$600	$0	$600
Karen Linnell	Director	1.50	Director	$500	$0	$500
Alfred Tellman	Director	1.50	Director	$400	$0	$400
Shirley Ann Smelcer	Director	1.50	Director	$400	$0	$400
Wassillie Gust Sr	Secretary	3.00	Officer Director	$300	$0	$300
Jimmy Coopchiak	Director	1.50	Director	$300	$0	$300
Kenneth Allen White	Director	1.50	Director	$300	$0	$300
Joseph Ahmaogak	Treasurer	1.50	Officer Director	$200	$0	$200
Andrew Miller Jr	Director	1.50	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	$1,416,684	$1,711,073	$2,335,635	$-294,389
2023	$1,695,848	$1,674,491	$1,532,146	$21,357
2022	$1,101,847	$1,005,677	$1,146,220	$96,170
2021	$539,424	$721,473	$590,536	$-182,049
2020	$857,700	$1,035,844	$720,683	$-178,144
2019	$1,096,975	$1,138,958	$1,178,230	$-41,983
2018	$564,990	$567,562	$2,372,060	$-2,572