ZUnclassifiedEIN: 860710582

Norton Sound Economic Development Corporation

Anchorage, Alaska

BHealth Score
55B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 111 peers in Unclassified with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org8.04×
Peer Median5.86×
💰
$16.4M
Total Revenue
📊
$39.8M
Total Expenses
🏦
$320.1M
Net Assets
📋
$71.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-40.5%
Year-over-year change (2022 → 2023)
Net Margin
-143.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
8.04
Net assets divided by total expenses
Liabilities-to-Assets
18.2%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$16,364,23340%$39,798,53121%$391,353,4653%
2022$27,485,23954%$50,285,6798%$379,957,4713%
2021$59,416,26637%$46,557,3664%$393,228,46733%
2020$43,295,4978%$44,951,9927%$294,734,3477%
2019$47,204,36619%$48,594,29322%$275,311,07311%
2018$39,629,6857%$39,776,31013%$248,768,6831%
2017$37,199,35737%$35,158,50230%$245,991,0318%
2016$27,170,93411%$26,975,80111%$227,583,2484%
2015$24,418,5133%$24,310,08211%$219,201,827
2014$23,743,15912%$21,884,83022%$219,438,2385%
2013$26,963,2505%$17,881,26718%$209,281,2572%
2012$28,349,50210%$21,815,05153%$204,873,97423%
2011$25,794,155$14,282,706$166,311,143

Frequently Asked Questions

What does Norton Sound Economic Development Corporation do?

Norton Sound Economic Development Corporation is a unclassified nonprofit organization based in Alaska. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Norton Sound Economic Development Corporation financially healthy?

Based on our 9-metric Financial Health Score model, Norton Sound Economic Development Corporation has a score of 55/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Norton Sound Economic Development Corporation generate?

Norton Sound Economic Development Corporation reports $27.5M in annual revenue and holds $400.6M in total assets, based on IRS filings.

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