Southeast Regional Resource Center

Nonprofit profile at a glance

EIN
920058572
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Juneau, AK, USA
Phone
9075866806
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$7,697,566
Expenses
$7,864,381
Assets
$5,568,686
Liabilities
$588,401

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

29 people listed

Highest reported compensation

  • TERI HOOVER (FINANCE DIRE): $189,678 total reported compensation
  • BERNIE SORENSON (R16CC PROJEC): $164,238 total reported compensation
  • CHERISH HANSEN (HR DIRECTOR): $156,817 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Serrc is alaskas educational resource center dedicated to delivering exemplary services and programs to Alaska school districts.

What it reported doing in 2024

These programs provide a range of services to support youth and adult learners in achieving educational and employment goals. Serrc offers adult education services, including support for earning a ged and english as a second language (esl) instruction. In fy25, 103 learners received adult education services with 11 students earning their high school equivalency diploma. Additionally, 52 participants in digital literacy/computer classes earned 87 certificates. Workforce development initiatives include education support and job readiness training for young adults ages 1424 through the jobx program, which served 26 participants in fy25. Serrc also provides trades training focused on high-demand certifications and occupational endorsements, with 10 participants earning commercial driver licenses and 3 earning small- engine maintenance certifications. Additional programming includes masst, which provides training and support for older workers ages 55 and above, serving 82 participants in fy25. The ahec program, which offers healthcare training, mental health first aid, and cpr certification, served 254 participants, including: 144 heart association certifications issued (cpr, basic life support, first aid, bloodborne pathogens) 96 participants certified in mental health first aid 62 participants participated in intensive multi-day healthcare trainings

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 79
  • Accountability: 86
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.6%; rating input score 84
  • Program expense ratio: 81.8%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.2%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 12.8%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 3.2% per year; rating input score 100; 28th percentile among comparable filings
  • Asset growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 83.6% of revenue deployed · 81.8% of spending went to programs
  • Governance: 18 of 18 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $6.4M in reported program spending
  • Leadership: top reported pay $190K · 29 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • 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 — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.