ANCHORAGE DOWNTOWN PARTNERSHIP LTD

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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

1997

Legal Domicile

Principal Officer

RADHIKA KRISHNA

Phone

9072795650

Tax Period

2023-01-01 to 2023-12-31

ANCHORAGE DOWNTOWN PARTNERSHIP LTD, founded in 1997, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

OUR END GOAL IS TO HELP ENSURE THAT DOWNTOWN ANCHORAGE IS NOT ONLY A PLACE TO BUILD AND SUSTAIN THRIVING LOCAL BUSINESSES, BUT ALSO THAT IT REMAINS CLEAN, SAFE, VITAL, AND A WORLD-CLASS NEIGHBORHOOD THAT INSTILLS AWE IN VISITORS AND PRIDE IN THOSE LUCKY ENOUGH TO CALL OUR CITY HOME.

Program Service Accomplishments

Program 1

CLEAN: ADP'S MAINTENANCE AMBASSADORS PROVIDE SUPPLEMENTAL SERVICES WITHIN THE DOWNTOWN IMPROVEMENT DISTRICT, INCLUDING SIDEWALK SNOW REMOVAL, TRASH REMOVAL, SERVICING DOWNTOWN'S PUBLIC TRASH CANS...

CLEAN: ADP'S MAINTENANCE AMBASSADORS PROVIDE SUPPLEMENTAL SERVICES WITHIN THE DOWNTOWN IMPROVEMENT DISTRICT, INCLUDING SIDEWALK SNOW REMOVAL, TRASH REMOVAL, SERVICING DOWNTOWN'S PUBLIC TRASH CANS, RESPONDING TO GRAFFITI, AND RESPONDING TO REQUESTS FROM DOWNTOWN BUSINESS OWNERS AND THE PUBLIC.

Program 2

SAFE: ADP'S SAFE AMBASSADORS WALK EVERY BLOCK OF DOWNTOWN EVERY DAY, REFERRING THOSE IN NEED TO EMERGENCY SERVICES, AND ENSURING THE WELFARE OF ALL THOSE USING PUBLIC SPACES DOWNTOWN.

Program 3

VITAL: ADP ORGANIZES MANY OF DOWNTOWN'S SIGNATURE EVENTS, INCLUDING NEW YEAR'S EVE, SUMMER CONCERTS, AND SUMMER SOLSTICE; IN 2023, ADP HOSTED 72 DOWNTOWN EVENTS.

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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 $1,189,274

Program Service Revenue $81,591

Investment Income $4,982

Other Revenue $27,156

TOTAL REVENUE $1,303,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $964,230

Fundraising Expenses $0

Other Expenses $307,623

TOTAL EXPENSES $1,271,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,303,003	$1,469,853	-0.1%
Expenses	$1,271,853	$1,568,567	-0.2%
Net Income	$31,150	$-98,714	-1.3%

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

$127,349

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RADHIKA KRISHNA	EXECUTIVE DI	38.00	Officer	$113,541	$13,808	$127,349
MICHELLE KLOUDA	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARK BEGICH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ERIC RITNER	TREASURER	4.00	Officer Director	$0	$0	$0
LAILE FAIRBAIRN	SECRETARY	2.00	Officer Director	$0	$0	$0
GRETCHEN FAUSKE	PAST PRESIDE	2.00	Director	$0	$0	$0
SCOTT WOODLAND	AT-LARGE	2.00	Director	$0	$0	$0
KATHERINE JERNSTROM	PAST PRESIDE	2.00	Director	$0	$0	$0
SHANNA ZUSPAN	DIRECTOR	2.00	Director	$0	$0	$0
JIM KUBITZ	DIRECTOR	2.00	Director	$0	$0	$0
JOE LUMPKIN	DIRECTOR	2.00	Director	$0	$0	$0
CLAI PORTER	DIRECTOR	2.00	Director	$0	$0	$0
CYRUS ALDEMAN	DIRECTOR	2.00	Director	$0	$0	$0
LARRY MICHAEL	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN RIBUFFO	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW SAMUEL	DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE BAILY	DIRECTOR	2.00	Director	$0	$0	$0
BRAD ERICKSON	DIRECTOR	2.00	Director	$0	$0	$0
DOUG LAMKIN	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$1,303,003	$1,271,853	$809,760	$31,150
2022	$1,469,853	$1,568,567	$383,560	$-98,714
2021	$1,315,586	$1,347,520	$772,922	$-31,934
2020	$1,804,899	$1,520,793	$574,077	$284,106
2019	$1,451,043	$1,422,224	$300,678	$28,819
2018	$1,568,530	$1,688,005	$248,412	$-119,475