Kodiak Island Convention and Visitors Bureau (EIN 920108332) - 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

1985

Legal Domicile

Phone

9074864782

Tax Period

2024-07-01 to 2025-06-30

Kodiak Island Convention and Visitors Bureau, founded in 1985, is a small nonprofit that reported $403K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $345K left a modest 14% surplus.

Mission

To promote sustainable development of the tourism industry throughout the Kodiak Island Borough, therebyincreasing economic opportunities, job and local tax revenus. The Bureau encourages travel by the public to and through the Kodiak Island Borough and maintains a continuing

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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 $402,903

Program Service Revenue $0

Investment Income $25

Other Revenue $0

TOTAL REVENUE $402,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,164

Fundraising Expenses $0

Program Expenses $345,084

Other Expenses $154,920

TOTAL EXPENSES $345,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$402,928	$327,544	+0.2%
Expenses	$345,084	$316,895	+0.1%
Net Income	$57,844	$10,649	+4.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martin Owens	Board Member	0.00	Director	$0	$0	$0
Latoya Hartley	Board Memeber	0.00	Director	$0	$0	$0
Stephanie Wyzkowski	Board Memeber	0.00	Director	$0	$0	$0
Erik Howard	Noard Memeber	0.00	Officer Director	$0	$0	$0
Darlene Turner	VP	0.00	Director	$0	$0	$0
Sarah Harrington	Board Memeber	0.00	Director	$0	$0	$0
Lucas Smith	Board Memeber	0.00	Director	$0	$0	$0
Stacey Simmons	President	0.00	Officer	$0	$0	$0
Gerald Clarck	Secretary	0.00	Officer	$0	$0	$0
Brock Simmons	Executive Director	40.00	Officer	$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	$402,928	$345,084	$596,292	$57,844
2024	No data	No data	No data	No data
2023	$278,022	$270,776	$529,598	$7,246
2022	$264,405	$246,688	$532,116	$17,717
2020	$295,624	$250,897	$409,128	$44,727

Kodiak Island Convention and Visitors Bureau