FIRST ALASKANS ENDOWMENT FOUNDATION

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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

2001

Legal Domicile

Principal Officer

ROY AGLOINGA

Phone

9076771700

Tax Period

2023-01-01 to 2023-12-31

FIRST ALASKANS ENDOWMENT FOUNDATION, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $926K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

TRUE TO IDENTITY, HERITAGE, AND VALUES, ALASKA NATIVES ARE INFORMED AND ENGAGED IN LEADING THE DECISIONS THAT SHAPE THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $1,044,244 Revenue: $447,844

FIRST ALASKANS ENDOWMENT FUND SUPPORTS FIRST ALASKANS INSTITUTE.

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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 $0

Program Service Revenue $0

Investment Income $926,457

Other Revenue $0

TOTAL REVENUE $926,457

Expense Breakdown

Grants Paid $968,068

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,044,244

Other Expenses $81,235

TOTAL EXPENSES $1,049,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$926,457	$976,663	-0.1%
Expenses	$1,049,303	$831,139	+0.3%
Net Income	$-122,846	$145,524	-1.8%

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

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

$280,179

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH MEDICINE CROW	PRESIDENT/CE	N/A	Officer	$0	$26,366	$166,366
AYYU QASSATAQ	DIR OF ORG A	N/A	Highest	$0	$19,038	$135,949
ELIZABETH DAVID	FINANCE DIRE	N/A	Officer	$0	$17,338	$113,813
WILLIE IGGIAGRUK HENSLEY	CHAIR	N/A	Officer Director	$0	$0	$0
SAM KITO JR	VICE CHAIR	N/A	Officer Director	$0	$0	$0
VALERIE DAVIDSON	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
RICHARD SAVIK GLENN	TRUSTEE	N/A	Director	$0	$0	$0
SVEN HAAKANSON JR	TRUSTEE	N/A	Director	$0	$0	$0
SYLVIA LANGE	TRUSTEE	N/A	Director	$0	$0	$0
GEORGIANNA LINCOLN	TRUSTEE	N/A	Director	$0	$0	$0
ROSITA KAHAANI WORL	TRUSTEE	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	$926,457	$1,049,303	$17,519,277	$-122,846
2022	$976,663	$831,139	$16,470,484	$145,524
2021	$1,559,797	$733,575	$19,926,302	$826,222
2020	$307,087	$747,717	$17,974,659	$-440,630
2019	$2,000,921	$1,085,091	$17,431,770	$915,830
2018	$1,600,731	$950,111	$15,567,585	$650,620