Alaska State Employees Association Inc (EIN 920122915) - 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

1987

Legal Domicile

Principal Officer

Heidi Drygas

Phone

9072775200

Tax Period

2024-07-01 to 2025-06-30

Alaska State Employees Association Inc, founded in 1987, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.9M left a modest 3% surplus.

Mission

A LABOR UNION REPRESENTING THE GENERAL GOVERNMENT UNIT (GGU) FOR THE STATE OF ALASKA AND MUNICIPAL EMPLOYEES IN THE CITY OF SITKA, ALASKA AND FAIRBANKS NORTH STAR BOROUGH.

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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 $5,576,827

Program Service Revenue $0

Investment Income $303,157

Other Revenue $214,320

TOTAL REVENUE $6,094,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,512,449

Fundraising Expenses $0

Other Expenses $2,378,876

TOTAL EXPENSES $5,891,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,094,304	$5,546,995	+0.1%
Expenses	$5,891,325	$5,361,250	+0.1%
Net Income	$202,979	$185,745	+0.1%

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

$220,823

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Suzan Hartlieb	Business Agent	40.0	Highest	$175,898	$54,654	$230,552
Sharon Dart	Administrative Coordinator	40.0	Highest	$175,125	$54,821	$229,946
Douglas Carson	Business Agent	40.0	Highest	$171,917	$54,631	$226,548
Heidi Drygas	Executive Director	40.0	Officer	$169,460	$51,363	$220,823
MaryAnn Ganacias	Assistant Executive Director	40.0	Highest	$135,800	$48,580	$184,380
Reber Stein	Information Officer	40.0	Highest	$115,630	$54,648	$170,278
Charles Stewart	President	1.5	Officer Director	$0	$0	$0
Lawrence Camp	Secretary	1.5	Officer Director	$0	$0	$0
Jodi Andres	Treasurer	1.5	Officer Director	$0	$0	$0
Warren Waters	Class 1 Representative	1.5	Director	$0	$0	$0
Mary Grzybowski	Clerical/Technical Rep.	1.5	Director	$0	$0	$0
Douglas Grzybowski	Professional/Managerial Rep.	1.5	Director	$0	$0	$0
Scott Bucy	Bush Representative	1.5	Director	$0	$0	$0
Jody Morris	Rural Representative	1.5	Director	$0	$0	$0
Randall Sutak	Southeast Representative	1.5	Director	$0	$0	$0
Michael Ladouceur	Northern Representative	1.5	Director	$0	$0	$0
Edward Smyers	Central Representative	1.5	Director	$0	$0	$0
Robert Williams	Municipal Representative	1.5	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	$6,094,304	$5,891,325	$10,248,460	$202,979
2024	$5,546,995	$5,361,250	$10,066,836	$185,745
2023	$4,967,022	$5,037,263	$8,790,414	$-70,241
2022	$5,106,534	$5,037,780	$8,430,937	$68,754
2021	$5,246,686	$5,105,980	$8,343,660	$140,706
2020	$5,052,276	$5,151,047	$7,680,391	$-98,771
2019	$5,661,309	$5,178,203	$6,777,778	$483,106
2018	$5,559,908	$5,570,544	$6,667,587	$-10,636

Alaska State Employees Association Inc