SOUTHEAST ALASKA PETROLEUM RESPONS… - 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

1992

Legal Domicile

Principal Officer

DAVID OWINGS

Phone

9072257002

Tax Period

2023-01-01 to 2023-12-31

SOUTHEAST ALASKA PETROLEUM RESPONSE ORGANIZATION INC, founded in 1992, is a small nonprofit that reported $997K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE TRAINING, EQUIPMENT, AND RESPONSE PERSONNEL TO OIL SPILLS FOR MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $47,693 Revenue: $21,116

TRAINING - SEAPRO ORGANIZED AND HELD TRAINING IN SPECIALIZED OIL RESPONSE. SEAPRO PAID THE COMMERICAL TRAINING PROVIDER DIRECTLY AND ESTABLISHED THE CONTENTS OF THE CURRICULUM TO INSURE ITS...

TRAINING - SEAPRO ORGANIZED AND HELD TRAINING IN SPECIALIZED OIL RESPONSE. SEAPRO PAID THE COMMERICAL TRAINING PROVIDER DIRECTLY AND ESTABLISHED THE CONTENTS OF THE CURRICULUM TO INSURE ITS COMPLIANCE WITH LAWS AND REGULATIONS.

Program 2

Expenses: $78,699

EQUIPMENT MAINTENANCE - MAINTENANCE AGREEMENT FOR EQUIPMENT REPAIRS

Program 3

Expenses: $681,179 Revenue: $8,192

PAYROLL, TRAVEL, SUPPLIES, EQUIPMENT, INSURANCE, PRINTING, STORAGE AND DEPRECIATION - ALL RELATED TO RESPONSE PLAN

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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 $913,907

Program Service Revenue $29,308

Investment Income $53,967

Other Revenue $0

TOTAL REVENUE $997,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $564,264

Fundraising Expenses $0

Program Expenses $807,571

Other Expenses $594,317

TOTAL EXPENSES $1,158,581

Year-over-Year Comparison

	2023	2022	Change
Revenue	$997,182	$1,484,433	-0.3%
Expenses	$1,158,581	$1,239,447	-0.1%
Net Income	$-161,399	$244,986	-1.7%

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

N/A

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
DAN KELLY	PRESIDENT	N/A	Officer Director	$0	$0	$0
PATRICK MULLIGAN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
VIRAF RANJI	TREASURER	N/A	Officer Director	$0	$0	$0
LONNIE ADAMS	SECRETARY	N/A	Officer Director	$0	$0	$0
MIKE JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
DAVE BARRY	DIRECTOR	N/A	Director	$0	$0	$0
MARTIN TEACHOUT	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT MAY	DIRECTOR	N/A	Director	$0	$0	$0
GREG LEBEAU	DIRECTOR	N/A	Director	$0	$0	$0
BOWMAN HARVEY	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$997,182	$1,158,581	$1,814,443	$-161,399
2022	$1,484,433	$1,239,447	$1,956,049	$244,986
2021	$837,377	$1,036,684	$1,662,134	$-199,307
2020	$747,769	$1,033,475	$1,842,081	$-285,706
2019	$849,805	$1,156,668	$2,139,983	$-306,863
2018	$816,018	$1,115,184	$2,514,434	$-299,166

SOUTHEAST ALASKA PETROLEUM RESPONSE ORGANIZATION INC