Yukon Quest board announces best finances in 6 years

FAIRBANKS -- Yukon Quest leaders announced a $38,000 surplus, the largest surplus the organization has seen in 6 years.

The Fairbanks Daily News-Miner reports that leaders of the 1,000-mile Fairbanks-to-Whitehorse sled dog race announced the budget at their annual meeting Thursday. Board President Bill McDonald says he expects prize money for the race to stay the same or increase in 2015.

The announcement comes in stark contrast to the organization's Yukon board meeting held last week, where members announced a $50,000 debt. Yukon Quest has two nonprofit boards in both Alaska and Canada.

The Quest has struggled to break even since the global recession reduced sponsorships and finances in 2009. Officials talked about halting the race four years ago and reduced the purse to $100,000 in 2013, half of 2007's purse.