ASSOCIATION OF ANCSA REGIONAL CORP… - 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

1998

Legal Domicile

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

- PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION

Program Service Accomplishments

Program 1

Expenses: $904,604

OUR MISSION IS TO PROMOTE AND FOSTER CONTINUED GROWTH AND ECONOMIC STRENGTH OF THE ALASKA NATIVE REGIONAL CORPORATIONS FOR THE BENEFIT OF THEIR ALASKA NATIVE SHAREHOLDERS AND COMMUNITIES.

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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 (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

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

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

$381,521

Total Directors

Key Employees

Highest Compensated

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

ASSOCIATION OF ANCSA REGIONAL CORPORATION PRESIDENTS/CEO'S INC