ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION (EIN 920123006) - 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

JENNA WRIGHT

Phone

9072583700

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

AEDC'S VISION AND THE BASIS OF OUR LIVE WORK PLAY (LWP) INITIATIVE IS TO MAKE ANCHORAGE THE #1 CITY IN AMERICA BY 2030 THROUGH THIS PROCESS, WE WILL IMPROVE OUR COMMUNITY AND MAKE ANCHORAGE A MORE COMPETITIVE CITY THAT ATTRACTS AND RETAINS A TALENTED WORKFORCE, A CRITICAL NEED IF WE ARE TO DRAW NEW BUSINESS INVESTMENT TO ANCHORAGE IN THE COMING YEARS. THIS VISION IS SUPPORTED BY OUR MORE THAN 250 INVESTOR COMPANIES, AS WELL AS THE MORE THAN 200 VOLUNTEERS AND 158 PARTNER ORGANIZATIONS COLLABORATING THROUGH LWP TO MAKE OUR CITY THE BEST IT CAN BE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,811,573

Program Service Revenue $35,000

Investment Income $40

Other Revenue $15,389

TOTAL REVENUE $1,862,002

Expense Breakdown

Grants Paid $3,377

Salaries & Benefits $544,884

Fundraising Expenses $0

Other Expenses $524,942

TOTAL EXPENSES $1,073,203

Year-over-Year Comparison

	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%

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

$368,305

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION