SKAGWAY DEVELOPMENT CORPORATION (EIN 920178115) - Form 990 Financial Analysis & Trantor Score

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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

ELIZA RUSSELL

Phone

9045450559

Tax Period

2024-01-01 to 2024-12-31

SKAGWAY DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $419K in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $377K left a modest 10% surplus.

Mission

PROMOTE ECONOMIC DEVELOPMENT ACTIVITIES IN SKAGWAY, ALASKA, BY OFFERING VARIOUS RESOURCES TO LOCAL BUSINESSES.

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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 $249,210

Program Service Revenue $0

Investment Income $310

Other Revenue $169,520

TOTAL REVENUE $419,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,423

Fundraising Expenses $0

Other Expenses $221,349

TOTAL EXPENSES $376,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,040	$233,264	+0.8%
Expenses	$376,772	$167,686	+1.2%
Net Income	$42,268	$65,578	-0.4%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE SCHINDLER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JULEEN BROWN	PRESIDENT	1.00	Officer	$0	$0	$0
SACHIN KISHNANI	DIRECTOR	1.00	Officer	$0	$0	$0
KAITLYN JARED	SECRETARY TREASUER	1.00	Key Emp	$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
2024	$419,040	$376,772	$241,743	$42,268
2023	$233,264	$167,686	$250,066	$65,578
2022	$265,846	$280,493	$181,486	$-14,647
2020	$220,260	$135,178	$193,980	$85,082

SKAGWAY DEVELOPMENT CORPORATION