MAKIVIK CORPORATION (EIN 980105409) - 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

Principal Officer

GEORGE BERTHE

Phone

5147458880

Tax Period

2023-10-01 to 2024-09-30

MAKIVIK CORPORATION, founded in 1978, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.0M, a strong 67% operating margin.

Mission

To relieve poverty and promote education of the Inuit, protecting their way of life, values and traditions. Creating opportunities and incentivizing their economy and development

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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 $0

Program Service Revenue $0

Investment Income $10,396,109

Other Revenue $0

TOTAL REVENUE $10,396,109

Expense Breakdown

Grants Paid $1,348,728

Salaries & Benefits $5,073,819

Fundraising Expenses $0

Program Expenses $2,739,348

Other Expenses $-3,032,475

TOTAL EXPENSES $3,390,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,396,109	$9,289,765	+0.1%
Expenses	$3,390,072	$1,240,211	+1.7%
Net Income	$7,006,037	$8,049,554	-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

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

N/A

Employees

242

Volunteers

N/A

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

$644,925

Total Directors

$1,006,134

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adams Peter	Director	35.0	Officer Director	$212,127	$0	$212,127
Moorhouse Andy	Director	35.0	Officer Director	$115,144	$0	$115,144
Berthe George	Director	35.0	Officer Director	$111,778	$0	$111,778
Alaku Adamie-Delisle	Director	35.0	Officer Director	$109,654	$0	$109,654
Aragutak Alicia	Director	35.0	Officer Director	$96,222	$0	$96,222
Mickpegak Raymond	Director	35.0	Director	$37,286	$0	$37,286
Baron Vinnie	Director	35.0	Director	$29,784	$0	$29,784
Novalinga Muncy	Director	35.0	Director	$28,266	$0	$28,266
Quissa Nowya	Director	35.0	Director	$27,399	$0	$27,399
Alaku Adamie Oqituk	Director	35.0	Director	$21,408	$0	$21,408
Kokiapik Rhoda	Director	35.0	Director	$21,408	$0	$21,408
Ningiuruvik Elijah	Director	35.0	Director	$20,595	$0	$20,595
Menarick Raymond	Director	35.0	Director	$20,324	$0	$20,324
Unatweenuk Sammy	Director	35.0	Director	$20,324	$0	$20,324
Annahatak Peter	Director	35.0	Director	$20,324	$0	$20,324
Akpahatak Maggie	Director	35.0	Director	$20,107	$0	$20,107
Berthe Elana	Director	35.0	Director	$20,107	$0	$20,107
Ningiuruvik Noah	Director	35.0	Director	$19,891	$0	$19,891
Paningajaq Charlie	Director	35.0	Director	$19,891	$0	$19,891
Niviaxie Jack	Director	35.0	Director	$19,891	$0	$19,891
Kauki George	Director	35.0	Director	$14,204	$0	$14,204

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	$10,396,109	$3,390,072	$776,770,424	$7,006,037
2023	$9,289,765	$1,240,211	$689,582,408	$8,049,554
2022	$8,137,985	$3,915,904	$595,783,815	$4,222,081
2021	$9,515,424	$4,319,754	$576,482,269	$5,195,670
2020	$8,352,022	$4,995,279	$520,006,258	$3,356,743
2019	$7,320,846	$4,324,405	$468,008,853	$2,996,441

MAKIVIK CORPORATION