Kodiak Economic Development Corporation
Nonprofit profile at a glance
- EIN
- 851350923
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990 2023, Form 990-EZ 2025
- Location
- Kodiak, AK, USA
- Phone
- 9079424650
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $177,971
- Expenses
- $202,716
- Assets
- $140,723
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- JASCHA ZBITNOFF (PRESIDENT)
- CORREY GRONN (VICE PRESIDENT)
- MELISSA SCHOENWETHER (EXECUTIVE DIRECTOR)
People named in this filing
- MIKE PFEFFER (TREASURER)
- JASCHA ZBITNOFF (PRESIDENT)
- JESSICA JOHNSON (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Econ dev & resiliency on kodiak island
What it reported doing in 2025
Housing, business development & workforce development
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 100
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.1%; rating input score 58
- Program expense ratio: 51%; rating input score 51
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -13.9%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 51.4%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 38% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 27.7% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 58.1% of revenue deployed · 51% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $103K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- High — Sustainability: Operating margin scored 10/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Officer compensation ratio scored 5/100.