ALASKA FISHERIES DEVELOPMENT FOUNDATION INC (EIN 920068881) - 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

1978

Legal Domicile

Principal Officer

KRISTY CLEMENT

Phone

9072767315

Tax Period

2023-10-01 to 2024-09-30

ALASKA FISHERIES DEVELOPMENT FOUNDATION INC, founded in 1978, is a community nonprofit in the Animal-Related sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

ALASKA FISHERIES DEVELOPMENT FOUNDATION IS A 501 C (3) PRIVATE, NON-PROFIT FOUNDATION DEDICATED TO IDENTIFY COMMON OPPORTUNITIES IN THE ALASKA SEAFOOD INDUSTRY AND TO DEVELOP EFFICIENT, SUSTAINABLE OUTCOMES THAT PROVIDE BENEFITS TO THE ECONOMY, ENVIRONMENT AND COMMUNITIES.

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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 $2,392,294

Program Service Revenue $83,063

Investment Income $52,562

Other Revenue $0

TOTAL REVENUE $2,527,919

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $461,749

Fundraising Expenses $0

Program Expenses $2,635,756

Other Expenses $2,389,659

TOTAL EXPENSES $2,861,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,527,919	$3,190,345	-0.2%
Expenses	$2,861,408	$1,810,794	+0.6%
Net Income	$-333,489	$1,379,551	-1.2%

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

$178,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTY CLEMENT	CEO	40.00	Officer	$15,290	$482	$15,772
JULIE DECKER	OUTGOING CEO	40.00	Officer	$82,259	$2,310	$84,569
EKATERINA RATZLAFF	FINANCE DIRE	40.00	Officer	$75,991	$2,165	$78,156
MARK SCHEER	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOMMY SHERIDAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MEGAN O'NEIL	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS MIERZEJEK	SECRETARY	1.00	Officer Director	$0	$0	$0
ALVIN BURCH	EMERITUS DIR	1.00	Director	$0	$0	$0
BUCK LAUKITIS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CUSACK	DIRECTOR	1.00	Director	$0	$0	$0
LE HEGGE	DIRECTOR	1.00	Director	$0	$0	$0
STEFANIE MORELAND	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SUND	DIRECTOR	1.00	Director	$0	$0	$0
JIM DENNING	DIRECTOR	1.00	Director	$0	$0	$0
MATT ALWARD	DIRECTOR	1.00	Director	$0	$0	$0
KEITH SINGLETON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD RIGGS	DIRECTOR	1.00	Director	$0	$0	$0
TOMI MARSH	DIRECTOR	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	$2,527,919	$2,861,408	$1,700,448	$-333,489
2023	$3,190,345	$1,810,794	$1,908,690	$1,379,551
2022	$1,252,182	$1,389,700	$464,637	$-137,518
2021	$1,127,997	$1,025,588	$485,744	$102,409
2020	$1,149,012	$916,923	$365,043	$232,089
2019	$570,151	$565,277	$69,340	$4,874
2018	$723,855	$754,045	$121,073	$-30,190

ALASKA FISHERIES DEVELOPMENT FOUNDATION INC