ASSOCIATION OF ANCSA REGIONAL CORPORATION PRESIDENTS/CEO'S INC

EIN: 920164573 Community Improvement

ANCHORAGE, AK

Total Revenue
$981,669
Total Expenses
$1,432,381
Total Assets
$449,488
Net Assets
$199,461
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
AK
Principal Officer
NICOLE BORROMEO
Phone
9073754212
Tax Period
2024-01-01 to 2024-12-31

ASSOCIATION OF ANCSA REGIONAL CORPORATION PRESIDENTS/CEO'S INC, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $982K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 46% operating deficit.

Mission

THE ORGANIZATION IS AN ASSOCIATION OF ALASKA NATIVE REGIONAL CORPORATION CEOS. OUR CORPORATIONS ARE OWNED BY OVER 160,000 ALASKA NATIVE PEOPLE AND WERE FORMED UNDER THE ALASKA NATIVE CLAIMS SETTLEMENT ACT OF 1971 (ANCSA). THE ANCSA REGIONAL ASSOCIATION EXISTS TO PROMOTE AND FOSTER THE CONTINUED GROWTH AND ECONOMIC STRENGTH OF THE ALASKA NATIVE REGIONAL CORPORATIONS ON BEHALF OF THEIR SHAREHOLDERS AND DESCENDANTS. THE BOARD OF DIRECTORS INCLUDES ONE REPRESENTATIVE FROM EACH OF THE 12 ALASKA-BASED NATIVE REGIONAL CORPORATIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $967,637
Program Service Revenue $0
Investment Income $14,032
Other Revenue $0
TOTAL REVENUE $981,669

Expense Breakdown

Grants Paid $0
Salaries & Benefits $885,558
Fundraising Expenses $0
Program Expenses $904,604
Other Expenses $546,823
TOTAL EXPENSES $1,432,381

Year-over-Year Comparison

2024 2023 Change
Revenue $981,669 $1,347,546 -0.3%
Expenses $1,432,381 $1,207,585 +0.2%
Net Income $-450,712 $139,961 -4.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
4
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
5
$381,521
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAUNA HEGNA CHAIR 2.00
Officer Director
$0 $0 $0
AARON SCHUTT VICE CHAIR 2.00
Officer Director
$0 $0 $0
ANDREW GUY SECRETARY 2.00
Officer Director
$0 $0 $0
SKOEY VERGEN TREASURER 2.00
Officer Director
$0 $0 $0
MICHELLE ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
REX ROCK SR DIRECTOR 2.00
Director
$0 $0 $0
JASON METROKIN DIRECTOR 2.00
Director
$0 $0 $0
CINDY TOWARAK MASSIE DIRECTOR 2.00
Director
$0 $0 $0
KATHERINE CARLTON DIRECTOR 2.00
Director
$0 $0 $0
TABETHA TOLOFF DIRECTOR 2.00
Director
$0 $0 $0
JOHN LINCOLN DIRECTOR 2.00
Director
$0 $0 $0
SARAH DYBDAHL DIRECTOR 2.00
Director
$0 $0 $0
KIM REITMEIER PRESIDENT 40.00
Officer
$347,575 $33,946 $381,521
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 $981,669 $1,432,381 $449,488 $-450,712
2023 $1,347,546 $1,207,585 $785,375 $139,961
2022 $927,736 $897,048 $625,170 $30,688
2021 $2,078,021 $1,844,055 $641,053 $233,966
2020 $2,774,559 $2,875,019 $386,241 $-100,460
2019 $555,377 $539,578 $417,403 $15,799
2018 $559,338 $473,209 $387,399 $86,129
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