ANCHORAGE, AK
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION, founded in 1987, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $789K, a strong 42% operating margin.
AEDC EXISTS TO GROW A PROSPEROUS, SUSTAINABLE AND DIVERSE ANCHORAGE ECONOMY AND HAS A VISION FOR ANCHORAGE TO BE THE #1 MIDSIZE CITY IN AMERICA TO LIVE, WORK, AND PLAY.
2023 EFFORTS WERE FOCUSED ON IMPLEMENTING THE "CHOOSE ANCHORAGE" PLAN AND STANDARD ACTIVITIES OF HELPING BUSINESSES IN ANCHORAGE AS WELL AS HOSTING PUBLIC EVENTS TO EDUCATE THE COMMUNITY ON ECONOMIC...
2023 EFFORTS WERE FOCUSED ON IMPLEMENTING THE "CHOOSE ANCHORAGE" PLAN AND STANDARD ACTIVITIES OF HELPING BUSINESSES IN ANCHORAGE AS WELL AS HOSTING PUBLIC EVENTS TO EDUCATE THE COMMUNITY ON ECONOMIC MATTERS. AEDC COMPLETED WORK ON THE "CHOOSE ANCHORAGE" PLAN IN 2022. CHOOSE ANCHORAGE IS A COMPREHENSIVE RESEARCH REPORT THAT WAS FUNDED BY A UNITED STATES ECONOMIC DEVELOPMENT ADMINISTRATION GRANT. RESEARCH CENTERED AROUND A WORKFORCE AND INDUSTRY CLUSTER ANALYSIS THAT RESULTED IN A COMPREHENSIVE RESEARCH PLAN AND ASSOCIATED ACTION PLAN FOCUSED ON INCREASING ANCHORAGE'S WORKING AGE ADULT POPULATION AND THE OVERALL ECONOMY. RESEARCH WAS CONDUCTED FOR THE MAJORITY OF THE YEAR THROUGH ROUNDTABLE DISCUSSIONS, KEY STAKEHOLDER INTERVIEWS AND ANALYTICAL ANALYSIS AND FINALLY COMPLETED IN NOVEMBER.
AEDC HOSTED IN-PERSON EVENTS FOR THE FIRST TIME SINCE THE PANDEMIC, WITH THE LARGEST BEING THE 2023 ECONOMIC FORECAST LUNCHEON AND THE 3-YEAR OUTLOOK LUNCHEON. THE 2023 ECONOMIC FORECAST LUNCHEON IN...
AEDC HOSTED IN-PERSON EVENTS FOR THE FIRST TIME SINCE THE PANDEMIC, WITH THE LARGEST BEING THE 2023 ECONOMIC FORECAST LUNCHEON AND THE 3-YEAR OUTLOOK LUNCHEON. THE 2023 ECONOMIC FORECAST LUNCHEON IN JANUARY FORECASTS THE ANCHORAGE ECONOMY BASED ON EMPLOYMENT, POPULATION, AND DEMOGRAPHIC DATA; PROVIDED A SNAPSHOT LOOK AT THE LABOR FORCE; AND OFFERED AN UPDATE ON CONSUMER AND BUSINESS CONFIDENCE. EVENT WAS HELD AT THE DENA'INA CENTER IN ANCHORAGE.KEYNOTE PRESENTATION: TIP STRATEGIES
THE 3-YEAR OUTLOOK LUNCHEON DISCUSSES THE PROJECTED TRAJECTORY OF THE LOCAL ECONOMY BASED ON A REVIEW OF HISTORICAL AND CURRENT DATA, INTERVIEWS WITH REPRESENTATIVES OF BUSINESSES AND ORGANIZATIONS...
THE 3-YEAR OUTLOOK LUNCHEON DISCUSSES THE PROJECTED TRAJECTORY OF THE LOCAL ECONOMY BASED ON A REVIEW OF HISTORICAL AND CURRENT DATA, INTERVIEWS WITH REPRESENTATIVES OF BUSINESSES AND ORGANIZATIONS, AND ANALYSIS OF CURRENT EVENTS. THE OUTLOOK CONSIDERS TRENDS IN EIGHT KEY INDICATORS INCLUDING POPULATION, EMPLOYMENT, PERSONAL INCOME, AIR PASSENGER AND FREIGHT VOLUMES, BUILDING PERMITS, PORT OF ALASKA TONNAGE, VISITOR INDUSTRY ACTIVITY AND OIL PRICES. EVENT WAS HELD AT THE DENA'INA CENTER IN ANCHORAGE.KEYNOTE PRESENTATION: MICK CORNETT
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,862,002 | $1,542,933 | +0.2% |
| Expenses | $1,073,203 | $1,538,643 | -0.3% |
| Net Income | $788,799 | $4,290 | +182.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LAURA EDMONDSON | CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| RYAN STRONG | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK FILIPENKO | SECRETARY/TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE NOBLE | PAST CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVE CAVITT | AT-LARGE | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID KARP | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM WAILAND | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHELLE KLOUDA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MIKE HUSTON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| FLORIAN BOROWSKI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WALTER FEATHERLY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TIM THOMPSON | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| MATT CLARKSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER OPSUT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOE KOTARSKI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PAULA WILLMAN | DIRECTOR, RESIGNED MAY | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM POPP | PRESIDENT/CEO, RESIGNED SEPTEMBER | 50.00 |
Officer
|
$215,663 | $5,543 | $221,206 |
| JENNA WRIGHT | PRESIDENT/CEO | 40.00 |
Officer
|
$133,277 | $13,822 | $147,099 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,862,002 | $1,073,203 | $1,521,566 | $788,799 |
| 2022 | $1,542,933 | $1,538,643 | $842,663 | $4,290 |
| 2021 | $1,153,207 | $1,148,360 | $1,050,243 | $4,847 |
| 2020 | $1,124,825 | $1,093,112 | $968,001 | $31,713 |
| 2019 | $1,087,453 | $1,127,157 | $260,961 | $-39,704 |
| 2018 | $1,322,591 | $1,383,461 | $307,932 | $-60,870 |
Compare ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in Alaska and across the country.