ALASKA BUSINESS DEVELOPMENT CENTER (EIN 920077825) - 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

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$97,046

Total Directors

$97,046

Key Employees

Highest Compensated

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

ALASKA BUSINESS DEVELOPMENT CENTER