FAIRBANKS CONCERT ASSOCIATION

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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

1947

Legal Domicile

Principal Officer

MIKE POWERS

Phone

9074748081

Tax Period

2024-07-01 to 2025-06-30

FAIRBANKS CONCERT ASSOCIATION, founded in 1947, is a small nonprofit in the Arts, Culture & Humanities sector that reported $626K in total revenue in fiscal year 2024.

Mission

TO PRESENT, PROMOTE, AND SPONSOR ARTISTICALLY AND CULTURALLY DIVERSE PERFORMING ARTS EVENTS AND EDUCATIONAL OPPORTUNITIES OF THE HIGHEST QUALITY FROM STAGES AROUND THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $444,266 Revenue: $325,755

FOR OUR 2024-25 FISCAL YEAR, FCA PLANNED A ROBUST AND HIGHLY DIVERSE SEASON WITH 11 PERFORMANCES ON THE ROSTER INCLUDING JAZZ, SCOTTISH CELTIC, DANCE, HAWAIIAN, COMEDY, SOUL & FUNK, COUNTRY, CIRCUS, AND SEA SHANTIES. EDUCATION BEING A PILLAR OF OUR MISSION, OUR ARTISTS WILL OFFER FOUR SCHOOL SHOWS, THREE MASTERCLASSES, AND TWO OUTREACH EVENTS IN THE COMMUNITY. WE BROUGHT TWO PERFORMERS TO RURAL COMMUNITIES IN DELTA JUNCTION AND HEALY AND CONNECTED WITH LOCAL YOUTH GROUPS. WE ALSO OFFERED COMPLIMENTARY TICKETS TO 15 DIFFERENT SOCIAL ORGANIZATIONS, AND WE PLAN TO BUILD ON THIS FOR THIS COMING SEASON BY EXTENDING THE OFFER TO THE LOCAL MILITARY BASES.

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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 $210,803

Program Service Revenue $325,755

Investment Income $39,339

Other Revenue $49,846

TOTAL REVENUE $625,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,713

Fundraising Expenses $26,127

Program Expenses $444,266

Other Expenses $386,649

TOTAL EXPENSES $685,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$625,743	$647,232	0.0%
Expenses	$685,362	$718,438	0.0%
Net Income	$-59,619	$-71,206	-0.2%

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

$94,487

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE POWERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHUCK LEMKE	MEMBER	1.00	Director	$0	$0	$0
PAUL KREJCI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL SCHNABEL	MEMBER	1.00	Director	$0	$0	$0
PAUL EWERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EVELYN SFRAGA	MEMBER	1.00	Director	$0	$0	$0
JEFF STEPP	MEMBER	1.00	Director	$0	$0	$0
CINDY WENTWORTH	SECRETARY	1.00	Officer Director	$0	$0	$0
AJ FUSSALVA	MEMBER	1.00	Director	$0	$0	$0
GWENDOLYN BRAZIER	MEMBER	1.00	Director	$0	$0	$0
WALKIE CHARLES	MEMBER	1.00	Director	$0	$0	$0
MARIE-SYLVESTRE OLESEN	EXECUTIVE DIRECTOR	48.00	Officer	$94,487	$0	$94,487

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	$625,743	$685,362	$1,183,097	$-59,619
2024	No data	No data	No data	No data
2023	$608,913	$857,156	$1,158,983	$-248,243
2022	$1,528,546	$532,350	$1,401,985	$996,196
2021	$365,122	$187,656	$1,243,149	$177,466
2020	$438,781	$430,789	$892,314	$7,992
2019	$571,222	$539,288	$928,575	$31,934
2018	$662,071	$604,257	$923,388	$57,814