Alaska Farmland Trust Corporation
Alaska Farmland Trust Corporation faces financial instability with 2023 expenses quadrupling revenue and liabilities exceeding assets.
EIN: 202860877 · Palmer, AK · NTEE: C34 · Updated: 2026-03-28
Is Alaska Farmland Trust Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alaska Farmland Trust Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alaska Farmland Trust Corporation
Alaska Farmland Trust Corporation (EIN: 202860877) is a nonprofit organization based in Palmer, AK, classified under NTEE code C34. The organization reported total revenue of $127K and total assets of $213K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alaska Farmland Trust Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alaska Farmland Trust Corporation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $98K |
| Total Expenses | $408K |
| Surplus / Deficit | $-310,027 |
| Total Assets | $253K |
| Total Liabilities | $264K |
| Net Assets | $-11,191 |
| Operating Margin | -315.9% |
| Debt-to-Asset Ratio | 104.4% |
| Months of Reserves | 7.4 months |
Financial Health Grade: C
In 2023, Alaska Farmland Trust Corporation reported a deficit of $310K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 104.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Alaska Farmland Trust Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.5% | +116.5% | -50.0% |
| 2022 | +25.3% | +35.2% | +94.5% |
| 2021 | -24.2% | -52.1% | +14.3% |
| 2020 | +53.5% | +107.1% | -12.3% |
| 2019 | -48.1% | -51.9% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alaska Farmland Trust Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Alaska Farmland Trust Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $310K, with expenses exceeding revenue.
- Debt-to-asset ratio: 104.4%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alaska Farmland Trust Corporation's IRS 990 filings:
- Significant deficit in 2023, with expenses ($408,169) far exceeding revenue ($98,142).
- Liabilities ($264,489) surpassed assets ($253,298) in the latest filing, indicating a negative net asset position.
- Highly volatile revenue and expense figures year-over-year, making financial planning and sustainability uncertain.
Strengths
The following positive indicators were identified for Alaska Farmland Trust Corporation:
- Consistent reporting of 0% officer compensation, indicating very low executive overhead.
- Long history of IRS 990 filings (13 filings), demonstrating transparency in reporting.
- Periods of strong revenue generation, such as $757,251 in 2015 and $444,702 in 2017.
Frequently Asked Questions about Alaska Farmland Trust Corporation
Is Alaska Farmland Trust Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Alaska Farmland Trust Corporation (EIN: 202860877) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Alaska Farmland Trust Corporation spend its money?
Alaska Farmland Trust Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alaska Farmland Trust Corporation tax-deductible?
Alaska Farmland Trust Corporation is registered as a tax-exempt nonprofit (EIN: 202860877). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Alaska Farmland Trust Corporation financially stable?
Based on the 2023 filing, the organization is not financially stable, reporting expenses of $408,169 against revenues of $98,142, and liabilities ($264,489) exceeding assets ($253,298).
What caused the significant increase in expenses in 2023?
The provided data does not specify the nature of the $408,169 in expenses for 2023, which is a critical detail for understanding the organization's financial health and operational focus.
How does the organization manage without officer compensation?
The consistent 0% officer compensation suggests a reliance on volunteer leadership or that key personnel are compensated through other means not classified as officer compensation, which is a notable efficiency.
What is the long-term trend of the organization's net assets?
Net assets have fluctuated significantly, from positive balances in most years to a negative balance in 2023, indicating an inconsistent financial trajectory.
Filing History
IRS 990 filing history for Alaska Farmland Trust Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alaska Farmland Trust Corporation's revenue has grown by 18.6%, moving from $83K to $98K. Total assets increased by 125.9% over the same period, from $112K to $253K. Total functional expenses rose by 463.3%, from $72K to $408K. In its most recent filing year (2023), Alaska Farmland Trust Corporation reported a deficit of $310K, with expenses exceeding revenue. The organization holds $264K in liabilities against $253K in assets (debt-to-asset ratio: 104.4%), resulting in net assets of $-11,191.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $98K | $408K | $253K | $264K | — | View 990 |
| 2022 | $231K | $188K | $507K | $208K | — | View 990 |
| 2021 | $184K | $139K | $260K | $4K | — | — |
| 2020 | $243K | $291K | $228K | $16K | — | View 990 |
| 2019 | $158K | $141K | $260K | $199 | — | View 990 |
| 2018 | $306K | $292K | $242K | $198 | — | View 990 |
| 2017 | $445K | $374K | $229K | $200 | — | View 990 |
| 2016 | $142K | $103K | $379K | $221K | — | View 990 |
| 2015 | $757K | $716K | $119K | $154 | — | View 990 |
| 2014 | $51K | $75K | $78K | $329 | — | View 990 |
| 2013 | $67K | $86K | $102K | $6K | — | View 990 |
| 2012 | $133K | $119K | $121K | $6K | — | View 990 |
| 2011 | $83K | $72K | $112K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $98K, expenses of $408K, and assets of $253K (revenue -57.5% year-over-year).
- 2022: Revenue of $231K, expenses of $188K, and assets of $507K (revenue +25.3% year-over-year).
- 2021: Revenue of $184K, expenses of $139K, and assets of $260K (revenue -24.2% year-over-year).
- 2020: Revenue of $243K, expenses of $291K, and assets of $228K (revenue +53.5% year-over-year).
- 2019: Revenue of $158K, expenses of $141K, and assets of $260K (revenue -48.1% year-over-year).
- 2018: Revenue of $306K, expenses of $292K, and assets of $242K (revenue -31.3% year-over-year).
- 2017: Revenue of $445K, expenses of $374K, and assets of $229K (revenue +212.1% year-over-year).
- 2016: Revenue of $142K, expenses of $103K, and assets of $379K (revenue -81.2% year-over-year).
- 2015: Revenue of $757K, expenses of $716K, and assets of $119K (revenue +1385.4% year-over-year).
- 2014: Revenue of $51K, expenses of $75K, and assets of $78K (revenue -24.4% year-over-year).
- 2013: Revenue of $67K, expenses of $86K, and assets of $102K (revenue -49.2% year-over-year).
- 2012: Revenue of $133K, expenses of $119K, and assets of $121K (revenue +60.4% year-over-year).
- 2011: Revenue of $83K, expenses of $72K, and assets of $112K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alaska Farmland Trust Corporation:
Data Sources and Methodology
This transparency report for Alaska Farmland Trust Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.