ALASKA STATE MEDICAL ASSOCIATION (EIN 926002176) - 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

1978

Legal Domicile

Principal Officer

PAM VENTGEN

Phone

9075620304

Tax Period

2023-01-01 to 2023-12-31

ALASKA STATE MEDICAL ASSOCIATION, founded in 1978, is a small nonprofit that reported $238K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $388K exceeded revenue, resulting in a 63% operating deficit.

Mission

TO ADVOCATE ON BEHALF OF PHYSICIANS AND FOR THE HEALTH AND WELL-BEING OF ALL ALASKANS. THE ASSOCIATION STRIVES TO ADVANCE MEDICAL SCIENCE, TO EXTEND MEDICAL KNOWLEDGE, TO ELEVATE THE STANDARDS OF MEDICAL EDUCATION.

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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 $42,211

Program Service Revenue $196,087

Investment Income $34

Other Revenue $0

TOTAL REVENUE $238,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,317

Fundraising Expenses $0

Other Expenses $187,637

TOTAL EXPENSES $387,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,332	$387,370	-0.4%
Expenses	$387,954	$391,145	0.0%
Net Income	$-149,622	$-3,775	+38.6%

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

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

$124,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM VENTGEN	EXECUTIVE DI	40.00	Officer	$124,000	$0	$124,000
STEVE COMPTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERRY JOHNSON	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
KRISTIN MITCHELL	PRESIDENT EL	1.00	Director	$0	$0	$0
JESSICA PANKO MD	TRUSTEE DIST	1.00	Director	$0	$0	$0
PAULA COLESCOTT	SEC/TREAS EL	1.00	Director	$0	$0	$0
JANICE SHEUFELT	TRUSTEE DIST	1.00	Director	$0	$0	$0
SARAH ROBERTS	TRUSTEE DIST	1.00	Director	$0	$0	$0
MARY ANN FOLAND	HOUSE SPEAKE	1.00	Director	$0	$0	$0
ALEX MALTER	AMA DELEGATE	1.00	Director	$0	$0	$0
RHENE MERKOURIS	ALT AMA DELE	1.00	Director	$0	$0	$0
CHRISTI FROILAND PA-C	PA REPRESENT	1.00	Director	$0	$0	$0
ELI POWELL MD	LEGISLATIVE	1.00	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	$238,332	$387,954	$480,304	$-149,622
2022	$387,370	$391,145	$554,049	$-3,775
2021	$318,888	$348,012	$545,742	$-29,124
2020	$522,746	$502,350	$575,947	$20,396
2019	$542,498	$578,373	$479,602	$-35,875
2018	$534,057	$588,019	$768,559	$-53,962

ALASKA STATE MEDICAL ASSOCIATION