PORT ALSWORTH IMPROVEMENT CORPORATION

EIN: 943137666 501(c)(3)

PORT ALSWORTH, AK

Total Revenue
$120,329
Total Expenses
$142,672
Total Assets
$800,573
Net Assets
$799,016
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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
1990
Legal Domicile
AK
Principal Officer
LEO FOWLER
Phone
9077813033
Tax Period
2024-07-01 to 2025-06-30

PORT ALSWORTH IMPROVEMENT CORPORATION, founded in 1990, is a small nonprofit that reported $120K in total revenue in fiscal year 2024. Expenses of $143K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDE COMMUNITY WELFARE, DEVELOPMENT, MAINTENANCE AND OPERATION OF COMMUNITY FACILITIES.

Program Service Accomplishments

Program 1
Expenses: $14,511

PORT ALSWORTH IMPROVEMENT CORPORATION PERFORMS ROAD AND TRAIL MAINTENANCE.

Program 2
Expenses: $9,313

PORT ALSWORTH IMPROVEMENT CORPORATION PERFORMS WASTE MANAGEMENT.

Program 3
Expenses: $26,693

PORT ALSWORTH IMPROVEMENT CORPORATION PERFORMS BUILDING MAINTENANCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $37,091
Program Service Revenue $73,280
Investment Income $9,958
Other Revenue $0
TOTAL REVENUE $120,329

Expense Breakdown

Grants Paid $6,814
Salaries & Benefits $37,539
Fundraising Expenses $0
Program Expenses $106,367
Other Expenses $98,319
TOTAL EXPENSES $142,672

Year-over-Year Comparison

2024 2023 Change
Revenue $120,329 $123,611 0.0%
Expenses $142,672 $144,144 0.0%
Net Income $-22,343 $-20,533 +0.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
6
Employees
6
Volunteers
12

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
4
$21,420
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAGGIE MCKAY ADMINISTRATO 9.81
Officer
$21,420 $0 $21,420
LEO FOWLER PRESIDENT 1.20
Officer Director
$0 $0 $0
JON BURROWS VICE PRESIDE 1.20
Officer Director
$0 $0 $0
ERIC WARDELL TREASURER/SE 1.20
Officer Director
$0 $0 $0
RALPH NABINGER MEMBER AT LA 1.20
Director
$0 $0 $0
CARLON VORAN MEMBER AT LA 1.20
Director
$0 $0 $0
GLEN ALSWORTH III MEMBER AT LA 1.20
Director
$0 $0 $0
MARK MCGEE MEMBER AT LA 1.20
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 $120,329 $142,672 $800,573 $-22,343
2024 $123,611 $144,144 $825,568 $-20,533
2023 $112,607 $157,324 $844,203 $-44,717
2022 $105,355 $109,079 $888,700 $-3,724
2021 $111,616 $109,592 $891,592 $2,024
2020 $123,298 $103,287 $890,637 $20,011
2019 $134,932 $139,655 $867,880 $-4,723
2018 $204,488 $195,156 $874,021 $9,332
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