Alaska Power Association (EIN 920069880) - 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

1977

Legal Domicile

Principal Officer

Crystal Enkvist

Phone

9077715704

Tax Period

2024-01-01 to 2024-12-31

Alaska Power Association, founded in 1977, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

Promote and encourage cooperation among Alaska electric utilities and their customers while promoting the operation of electrical plants adequate for the needs of Alaskan consumers.

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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 $804,943

Program Service Revenue $408,114

Investment Income $18,990

Other Revenue $637

TOTAL REVENUE $1,232,684

Expense Breakdown

Grants Paid $14,528

Salaries & Benefits $624,791

Fundraising Expenses $0

Other Expenses $585,151

TOTAL EXPENSES $1,224,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,232,684	$1,269,873	0.0%
Expenses	$1,224,470	$1,120,980	+0.1%
Net Income	$8,214	$148,893	-0.9%

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

$539,606

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Crystal Enkvist	Executive Dir	20.00	Officer	$87,097	$42,506	$216,701
Brenda Mead	CFO	0.08	Officer	$392	$47,624	$196,569
Michael Rovito	Deputy Director	40.00	Officer	$111,355	$14,981	$126,336
Linda Freed	President	1.00	Officer Director	$0	$0	$0
Tom DeLong	Vice President	1.00	Officer Director	$0	$0	$0
Robert Siedman	Secretary	1.00	Officer Director	$0	$0	$0
Jodi Mitchell	Treasurer	1.00	Officer Director	$0	$0	$0
Jaime Matthews	Treasurer	1.00	Officer Director	$0	$0	$0
William Stamm	Director	1.00	Director	$0	$0	$0
Yves Brower	Director	1.00	Director	$0	$0	$0
Mark Wiggin	Director	1.00	Director	$0	$0	$0
Garry Hennigh	Director	1.00	Director	$0	$0	$0
Brian Hickey	Director	1.00	Director	$0	$0	$0
Joe Cook	Director	1.00	Director	$0	$0	$0
Brad Janorschke	Director	1.00	Director	$0	$0	$0
George Hornberger	Director	1.00	Director	$0	$0	$0
Tom Atkinson	Director	1.00	Director	$0	$0	$0
Bill Kendig	Director	1.00	Director	$0	$0	$0
Tim Barnum	Director	1.00	Director	$0	$0	$0
Nanci Morris Lyon	Director	1.00	Director	$0	$0	$0
John Handeland	Director	1.00	Director	$0	$0	$0
Henry Strub	Director	1.00	Director	$0	$0	$0
Reese Huhta	Director	1.00	Director	$0	$0	$0
Erik Hernandez	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	$1,232,684	$1,224,470	$1,046,948	$8,214
2023	$1,269,873	$1,120,980	$1,034,910	$148,893
2022	$977,504	$980,691	$851,633	$-3,187
2021	$909,546	$956,528	$819,416	$-46,982
2020	$1,172,073	$979,706	$884,931	$192,367
2019	$1,177,242	$1,050,855	$704,763	$126,387
2018	$989,533	$937,592	$569,528	$51,941

Alaska Power Association