The Southwest Alaska Vocational and Educational Center
Nonprofit profile at a glance
- EIN
- 920174741
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Dillingham, AK, USA
- Phone
- 9078425956
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $1,393,789
- Expenses
- $824,020
- Assets
- $1,424,612
- Liabilities
- $307,921
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Christina Salmon (Vice President)
- David Lax (President)
Highest reported compensation
- Amanda Trangmoe (CFO): $214,437 total reported compensation
- Emil Larson (Board Member): $145,206 total reported compensation
- Annette Caruso (Co-Director): $137,216 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The business and purpose of this nonprofit corporation shall be to organize, operate and maintain a vocational and technical education center to provide education and training to the residents of Southwest Alaska and other communities; to acquire or construct and maintain buildings and property for such purposes; to engage in any and all types of activities not prohibited by law which shall encourage, develop, provide, promote, enhance, and foster vocational, educational and technical skills as shall be useful to the residents of Southwest Alaska and other communities in their work and home life and shall make them more proficient in all of their activities and endeavors as citizens and residents of the state of Alaska.
What it reported doing in 2024
Facilities Management: Provides and maintains buildings and property for the purpose of the vocational and technical education center.
Operating model
- Revenue model
- Grant-funded. 73% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 82% 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
MIXED - The filed numbers largely add up and most voting board members are independent. 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: 35
- Transparency & Controls: 75
- Accountability: 88
- Sustainability: 64
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.4%; rating input score 31
- Program expense ratio: 53%; rating input score 53
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 87.5%; rating input score 88; 21st percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 40.9%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 1.73; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 29.2%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: -2.5% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: -0.9% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: 10.9% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 31.4% of revenue deployed · 53% of spending went to programs
- Governance: 7 of 8 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $437K in reported program spending
- Leadership: top reported pay $214K · 11 people listed · 1 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.