SILAKKUAGVIK COMMUNICATIONS INC

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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

1974

Legal Domicile

Principal Officer

JEFF SIEFERT

Phone

9078526811

Tax Period

2022-07-01 to 2023-06-30

SILAKKUAGVIK COMMUNICATIONS INC, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $796K in total revenue in fiscal year 2022. Expenses of $695K left a modest 13% surplus.

Mission

TO CONSTRUCT AND OPERATE NONPROFIT EDUCATIONAL BROADCASTING FACILITIES IN ORDER TO PROVIDE A BROAD BASE OF EDUCATIONAL, CULTURAL, AND INFORMATAIVE PROGRAMMING IN BARROW AND THE GREATER NORTH SLOPE AREA AS PRESCRIBED BY THE FEDERAL COMMUNICATION COMMISSION.

Program Service Accomplishments

Program 1

Expenses: $347,120 Revenue: $142,254

TO PROVIDE PUBLIC BROADCASTING SERVICES TO RESIDENTS OF THE NORTH SLOPE OF ALASKA, APPROXIMATELY 9,800 RESIDENTS. BROADCAST SERVICES INCLUDE LOCAL, STATE AND NATIONAL NEWS, WEATHER INFORMATION...

TO PROVIDE PUBLIC BROADCASTING SERVICES TO RESIDENTS OF THE NORTH SLOPE OF ALASKA, APPROXIMATELY 9,800 RESIDENTS. BROADCAST SERVICES INCLUDE LOCAL, STATE AND NATIONAL NEWS, WEATHER INFORMATION, COMMUNITY EVENTS, LIVE LOCAL GOVERNMENT MEETING COVERAGE, AND EMERGENCY INFORMATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $644,603

Program Service Revenue $142,254

Investment Income $0

Other Revenue $8,951

TOTAL REVENUE $795,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,751

Fundraising Expenses $130,187

Program Expenses $347,120

Other Expenses $362,480

TOTAL EXPENSES $695,231

Year-over-Year Comparison

	2022	2021	Change
Revenue	$795,808	$830,068	0.0%
Expenses	$695,231	$722,302	0.0%
Net Income	$100,577	$107,766	-0.1%

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

$98,238

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF SIEFERT	GENERAL MANA	40.00	Officer	$98,238	$0	$98,238
GLENN EDWARDS	BOARD PRESID	1.00	Officer Director	$0	$0	$0
STEPHANIE NELSON	BOARD VICE P	1.00	Officer Director	$0	$0	$0
MICHAEL SHULTS	BOARD SECT/T	1.00	Officer Director	$0	$0	$0
GEOFF CARROLL	BOARD DIRECT	1.00	Director	$0	$0	$0
ACE EDWARDS	BOARD DIRECT	1.00	Director	$0	$0	$0
JANELLE EVERETT	BOARD DIRECT	1.00	Director	$0	$0	$0
CRAIG GEORGE	BOARD DIRECT	1.00	Director	$0	$0	$0
PATRICK GRIFFIN	BOARD DIRECT	1.00	Director	$0	$0	$0
ERIN HOLLINGSWORTH	BOARD DIRECT	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$795,808	$695,231	$1,246,940	$100,577
2022	$830,068	$722,302	$1,166,790	$107,766
2021	$663,435	$683,674	$1,093,900	$-20,239
2020	$629,058	$629,072	$837,322	$-14
2019	$664,809	$693,760	$685,428	$-28,951
2018	$769,209	$701,161	$733,213	$68,048