LUTHERAN SOCIAL SERVICES OF ALASKA (EIN 943055592) - 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

1985

Legal Domicile

Principal Officer

ALAN BUDAHL

Phone

9072720643

Tax Period

2024-07-01 to 2025-06-30

LUTHERAN SOCIAL SERVICES OF ALASKA, founded in 1985, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

PROVIDING HOPE BY RESPONDING TO HUMAN NEEDS THROUGH SERVICES THAT SUSTAIN AND TRANSFORM LIVES.

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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 $1,589,993

Program Service Revenue $20,833

Investment Income $21,521

Other Revenue $-19,408

TOTAL REVENUE $1,612,939

Expense Breakdown

Grants Paid $1,140,196

Salaries & Benefits $273,776

Fundraising Expenses $24,879

Program Expenses $1,397,870

Other Expenses $203,050

TOTAL EXPENSES $1,617,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,612,939	$1,244,925	+0.3%
Expenses	$1,617,022	$1,394,431	+0.2%
Net Income	$-4,083	$-149,506	-1.0%

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

1540

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

$102,559

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN BUDAHL	EXECUTIVE DI	40.00	Officer	$94,091	$8,468	$102,559
MARK SCHMELING	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS KOEHLER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BROOK IVEY	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH FOERSTER	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF STARK THRU 62025	DIRECTOR	1.00	Director	$0	$0	$0
DICK MANDSAGER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH HALL	DIRECTOR	1.00	Director	$0	$0	$0
BOB BUCH	DIRECTOR	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	$1,612,939	$1,617,022	$1,086,843	$-4,083
2024	$1,244,925	$1,394,431	$1,108,515	$-149,506
2023	$1,566,552	$1,634,032	$1,289,379	$-67,480
2022	$1,623,381	$1,924,467	$1,394,860	$-301,086
2021	$2,730,785	$2,157,248	$1,662,542	$573,537

LUTHERAN SOCIAL SERVICES OF ALASKA