Anchorage Concert Foundation Inc

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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

Jason Hodges

Phone

9072721471

Tax Period

2022-07-01 to 2023-06-30

Anchorage Concert Foundation Inc, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $182K in total revenue in fiscal year 2022. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $260K exceeded revenue, resulting in a 43% operating deficit.

Mission

THE PURPOSES OF THE FOUNDATION ARE TO BENEFIT AND SUPPORT THE ANCHORAGE CONCERT ASSOCIATION, INCORPORATED, IN ANCHORAGE, ALASKA.

Program Service Accomplishments

Program 1

Expenses: $259,572 Revenue: $0

SUPPORTED THE ANCHORAGE CONCERT ASSOCIATION, INC. IN DELIVERING THE FINE PERFORMING ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $181,741

Other Revenue $0

TOTAL REVENUE $181,741

Expense Breakdown

Grants Paid $257,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $259,572

Other Expenses $2,572

TOTAL EXPENSES $259,572

Year-over-Year Comparison

	2022	2021	Change
Revenue	$181,741	$442,732	-0.6%
Expenses	$259,572	$18,729	+12.9%
Net Income	$-77,831	$424,003	-1.2%

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

N/A

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

$161,867

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Hodges	ACA - Executive Director	0.5	Officer	$0	$10,867	$161,867
Annie Rittal	President	0.1	Officer Director	$0	$0	$0
Karen Kroon	Vice President	0.1	Officer Director	$0	$0	$0
Stephanie Kessler	Secretary	0.1	Officer Director	$0	$0	$0
Pam Bruno	Treasurer	0.1	Officer Director	$0	$0	$0
Ann Hale	Board Member	0.1	Director	$0	$0	$0
Louis Ulmer	Board Member	0.1	Director	$0	$0	$0
Jayson Owens	Board Member	0.1	Director	$0	$0	$0
Rayette Sterling	Board Member	0.1	Director	$0	$0	$0
Chris Schutte	Board Member	0.1	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	No data	No data	No data	No data
2023	$181,741	$259,572	$5,572,820	$-77,831
2023	No data	No data	No data	No data
2022	$442,732	$18,729	$5,265,630	$424,003
2021	$305,327	$259,519	$6,263,266	$45,808
2020	$255,376	$262,700	$5,005,495	$-7,324
2019	$352,264	$195,906	$5,179,804	$156,358
2018	$437,502	$196,517	$5,103,027	$240,985