Southwest Alaska Municipal Confere… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

Wanetta Ayers

Phone

9075627380

Tax Period

2024-07-01 to 2025-06-30

Southwest Alaska Municipal Conference, founded in 1988, is a small nonprofit that reported $308K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $416K exceeded revenue, resulting in a 35% operating deficit.

Mission

SWAMC's mission is to be a regional membership organization that advances the collective interests of Southwest Alaska people, businesses, and communities. SWAMC helps promote economic opportunities to improve quality of life and influence long-term responsible development. SWAMC serves three sub regions of Southwest Alaska; the Aleutians/Pribilof, Bristol Bay, and Kodiak. SWAMC was formed out of the common interests of the region encompassing the Aleutians East Borough, the Aleutians West Census Area, the Bristol Bay Borough, the Dillingham Census Area, The Kodiak Island Borough, and the Lake and Peninsula Borough.

Program Service Accomplishments

Program 1

Expenses: $108,590

EDA: BBB

Program 2

Expenses: $75,000

EDA Planning Grant Program: Under this ongoing grant program, SWAMC develops a 5-year Comprehensive Economic Development Strategy (CEDS) for the region, with updates annually. This grant also...

EDA Planning Grant Program: Under this ongoing grant program, SWAMC develops a 5-year Comprehensive Economic Development Strategy (CEDS) for the region, with updates annually. This grant also supports SWAMC's general economic development and advocacy work for our members and regional stakeholders.

Program 3

Expenses: $48,145

USDA Renewable Energy Development Assistance - Energy Audit (REAP-EA) Grant Program: Through a contractor, SWAMC provides subsidized energy audits to rural small businesses, including commercial...

USDA Renewable Energy Development Assistance - Energy Audit (REAP-EA) Grant Program: Through a contractor, SWAMC provides subsidized energy audits to rural small businesses, including commercial fishing vessels. SWAMC closed out the second round of this grant and was awarded a third round of the grant during FY20.

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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 $203,519

Program Service Revenue $71,445

Investment Income $27,034

Other Revenue $5,722

TOTAL REVENUE $307,720

Expense Breakdown

Grants Paid $46,141

Salaries & Benefits $223,826

Fundraising Expenses $0

Program Expenses $287,694

Other Expenses $145,544

TOTAL EXPENSES $415,511

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,720	$362,051	-0.2%
Expenses	$415,511	$379,300	+0.1%
Net Income	$-107,791	$-17,249	+5.2%

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

$101,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rhonda Wayner	Interim ED	40.00	Officer	$83,513	$0	$83,513
Wanetta Ayers	Executive Dir.	40.00	Officer	$18,450	$0	$18,450
Terry Haines	President	2.00	Officer Director	$0	$0	$0
Mary Swain	Vice President	2.00	Officer Director	$0	$0	$0
Jared Griffin	Treasurer	2.00	Officer Director	$0	$0	$0
Steven Carriere	Board Officer	2.00	Director	$0	$0	$0
Carlin Enlow	Board Officer	2.00	Director	$0	$0	$0
Glen Gardner Jr	Board Officer	2.00	Director	$0	$0	$0
Paul Gronholdt	Board Officer	2.00	Director	$0	$0	$0
Mayor Nikki Hoblet	Board Officer	2.00	Director	$0	$0	$0
Darren Muller	Board Officer	2.00	Director	$0	$0	$0
Alice Ruby	Board Officer	2.00	Director	$0	$0	$0
Kaleb Westfall	Board Officer	2.00	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	$307,720	$415,511	$846,088	$-107,791
2024	$362,051	$379,300	$932,712	$-17,249
2023	$290,925	$297,793	$905,127	$-6,868
2022	$499,296	$447,837	$936,941	$51,459
2021	$439,147	$411,199	$1,022,163	$27,948
2020	$514,357	$559,326	$932,534	$-44,969
2019	$1,558,714	$1,582,803	$977,670	$-24,089
2018	$902,399	$956,946	$1,001,780	$-54,547

Southwest Alaska Municipal Conference