World Trade Center Alaska Inc
Nonprofit profile at a glance
- EIN
- 920158395
- IRS 990 coverage
- 2010–2012
- Forms available
- Form 990 2012
- Location
- Anchorage, AK, USA
- Phone
- 9072787233
- Rating confidence
- Limited
- Sector
- Economic Development
Reported finances
- Revenue
- $382,579
- Expenses
- $425,588
- Assets
- $34,873
- Liabilities
- $48,793
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
10 people listed
Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide international trade and business services to members and community partners across the state of Alaska through: 1) annual conference- provides an instructional forum for companies to learn about the changing international business environment. Allows well- known speakers a chance to reach alaskan companies. About 200 participants annually. 2) trade missions- allow delegates of Alaska business people to meet face- to-face with business and goverment representatives from other countries and discuss business conditions, regulations and facilitate trade activity 2-3 times annually. 3) state contract projects- these projects include trade missions, conferences, forums, exhibitions, surveys and the building of web link and database for Alaska international business. 3-4 projects annually and involve hundreds of people & organizations annually. 4) membership luncheons- a networking opportunity for members & those seeking involvement in the international trade community. Outside gue
What it reported doing in 2012
To provide international trade and business services to members and community partners across the state of Alaska through: 1) annual conference- provides an instructional forum for companies to learn about the changing international business environment. Allows well- known speakers a chance to reach alaskan companies. About 200 participants annually. 2) trade missions- allow delegates of Alaska business people to meet face- to-face with business and goverment representatives from other countries and discuss business conditions, regulations and facilitate trade activity 2-3 times annually. 3) state contract projects- these projects include trade missions, conferences, forums, exhibitions, surveys and the building of web link and database for Alaska international business. 3-4 projects annually and involve hundreds of people & organizations annually. 4) membership luncheons- a networking opportunity for members & those seeking involvement in the international trade community. Outside guests & community leaders are invited as keynote speakers. 20-60 participants monthly.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 21
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- 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: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -11.2%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.08; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 1.4; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -6.7% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: -68.8% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 12 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $402K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2010 to 2012
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 21/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.