ALASKA BUSINESS DEVELOPMENT CENTER

EIN: 920077825 501(c)(3) Community Improvement

ANCHORAGE, AK

Total Revenue
$836,069
Total Expenses
$739,734
Total Assets
$658,545
Net Assets
$604,086
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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
AK
Principal Officer
MICHELLE KERN
Phone
9075620335
Tax Period
2024-07-01 to 2025-06-30

ALASKA BUSINESS DEVELOPMENT CENTER, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $836K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $740K left a modest 12% surplus.

Mission

ALASKA BUSINESS DEVELOPMENT CENTER INC PROVIDES MANAGEMENT AND TECHNICAL ASSISTANCE, FREE TAX EDUCATION, FREE TAX PREPARATION, BUSINESS RELATED WORKSHOPS, TAX PROBLEM RESOLUTION, CREATIVE FINANCIAL PROBLEM SOLVING AND LOAN/GRANT APPLICATION ASSISTANCE TO RURAL ALASKAN RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $432,311 Revenue: $293,772

ABDC ASSISTED LOW INCOME FAMILIES IN RURAL ALASKA PREPARE CURRENT YEAR TAX RETURNS.

Program 2
Expenses: $250,818 Revenue: $143,569

ABDC PROVIDED TAX EDUCATIONAL SERVICES AND RESOLUTION OF TAX CONTROVERSIES TO LOW INCOME ALASKAN FAMILIES

Program 3
Expenses: $17,500

ABDC PROVIDED CURRENT YEAR TAX PREPARATION TO SENIOR CITIZENS IN RURAL ALASKA

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $375,282
Program Service Revenue $460,744
Investment Income $43
Other Revenue $0
TOTAL REVENUE $836,069

Expense Breakdown

Grants Paid $0
Salaries & Benefits $428,280
Fundraising Expenses $0
Program Expenses $739,734
Other Expenses $311,454
TOTAL EXPENSES $739,734

Year-over-Year Comparison

2024 2023 Change
Revenue $836,069 $669,866 +0.2%
Expenses $739,734 $762,815 0.0%
Net Income $96,335 $-92,949 -2.0%
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

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Governance

Voting Members
3
Independent Members
2
Employees
16
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
1
$97,046
Total Directors
3
$97,046
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE KERN PRESIDENT 40.00
Officer Director
$97,046 $0 $97,046
RAYMOND KOSO JR DIRECTOR 5.00
Director
$0 $0 $0
PAUL REID DIRECTOR 5.00
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 $836,069 $739,734 $658,545 $96,335
2024 No data No data No data No data
2023 $763,177 $693,120 $609,359 $70,057
2022 $437,022 $494,711 $536,941 $-57,689
2021 $599,259 $472,924 $661,589 $126,335
2020 $594,615 $581,329 $523,043 $13,286
2019 $585,485 $572,495 $451,735 $12,990
2018 $558,494 $511,556 $456,368 $46,938
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