ALASKA STATE MEDICAL ASSOCIATION

EIN: 926002176

ANCHORAGE, AK

Total Revenue
$304,736
Total Expenses
$472,855
Total Assets
$183,301
Net Assets
$59,425
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
AK
Principal Officer
PAM VENTGEN
Phone
9075620304
Tax Period
2025-01-01 to 2025-12-31

ALASKA STATE MEDICAL ASSOCIATION, founded in 1978, is a small nonprofit that reported $305K in total revenue in fiscal year 2025. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $473K exceeded revenue, resulting in a 55% 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.

Program Service Accomplishments

Program 1

ADVOCATE ON BEHALF OF ALASKA PHYSICIANS AND FOR THE HEALTH AND WELL-BEING OF ALL ALASKANS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $200,579
Program Service Revenue $104,145
Investment Income $12
Other Revenue $0
TOTAL REVENUE $304,736

Expense Breakdown

Grants Paid $0
Salaries & Benefits $197,250
Fundraising Expenses $0
Other Expenses $275,605
TOTAL EXPENSES $472,855

Year-over-Year Comparison

2025 2024 Change
Revenue $304,736 $558,433 -0.5%
Expenses $472,855 $505,786 -0.1%
Net Income $-168,119 $52,647 -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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
2
Volunteers
16

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
3
$124,000
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAM VENTGEN EXECUTIVE DI 40.00
Officer
$124,000 $0 $124,000
RHENE MERKOURIS MD PRESIDENT 1.00
Officer Director
$0 $0 $0
LEIGH COOPER SECRETARY/TR 1.00
Officer Director
$0 $0 $0
MARY KLIX MD PRESIDENT EL 1.00
Director
$0 $0 $0
PAULA COLESCOTT DO SEC/TREAS EL 1.00
Director
$0 $0 $0
KRISTIN MITCHELL PAST PRESIDE 1.00
Director
$0 $0 $0
ALEX MALTER MD AMA DELEGATE 1.00
Director
$0 $0 $0
MARY ANN FOLAND MD HOUSE SPEAKE 1.00
Director
$0 $0 $0
JANICE SHEUFELT TRUSTEE DIST 1.00
Director
$0 $0 $0
JESSICA PANKO MD TRUSTEE DIST 1.00
Director
$0 $0 $0
CHRISTY TUOMI MD TRUSTEE DIST 1.00
Director
$0 $0 $0
CHRISTI FROILAND MD PA REPRESENT 1.00
Director
$0 $0 $0
ELI POWELL PA-C LEGISLATIVE 1.00
Director
$0 $0 $0
SHERRY JOHNSON MD PUBLIC HEALT 1.00
Director
$0 $0 $0
STEVE COMPTON DO SOCIAL MEDIA 1.00
Director
$0 $0 $0
JEFF DAVIS MD CONSULTANT 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
2025 $304,736 $472,855 $183,301 $-168,119
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
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