FAIRBANKS ECONOMIC DEVELOPMENT CORP (EIN 920036148) - Form 990 Financial Analysis & Trantor Score

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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

JOMO STEWART

Phone

9074522185

Tax Period

2024-01-01 to 2024-12-31

FAIRBANKS ECONOMIC DEVELOPMENT CORP, founded in 1968, is a small nonprofit that reported $596K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

ECONOMIC DEVELOPMENT

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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 $484,358

Program Service Revenue $104,259

Investment Income $4,848

Other Revenue $2,949

TOTAL REVENUE $596,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $353,035

Fundraising Expenses $0

Program Expenses $124,170

Other Expenses $250,716

TOTAL EXPENSES $603,751

Year-over-Year Comparison

	2024	2023	Change
Revenue	$596,414	$703,108	-0.2%
Expenses	$603,751	$570,905	+0.1%
Net Income	$-7,337	$132,203	-1.1%

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

$130,365

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY COOK	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFF PUTNAM	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
GERI SIMON	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
DAN WHITE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LUNDGREN	DIRECTOR	1.00	Director	$0	$0	$0
GRIER HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
LOU FLORENCE	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL TIDWELL	DIRECTOR	1.00	Director	$0	$0	$0
BRUNO GRUNAU	DIRECTOR	1.00	Director	$0	$0	$0
ELENA SUDDUTH	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE TALLANT	TREASURER	2.00	Officer Director	$0	$0	$0
JOMO STEWART	CURRENT PRESIDENT/CEO	40.00	Officer	$130,365	$0	$130,365

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	$596,414	$603,751	$547,917	$-7,337
2023	$703,108	$570,905	$558,127	$132,203
2022	$456,985	$499,232	$415,997	$-42,247
2021	$650,297	$566,296	$431,988	$84,001
2020	$635,729	$538,411	$336,743	$97,318
2019	$612,504	$644,477	$233,634	$-31,973
2018	$593,706	$604,862	$266,996	$-11,156

FAIRBANKS ECONOMIC DEVELOPMENT CORP