Kwaan Electric Transmission Intert… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

Brandon Cullum

Phone

9074636313

Tax Period

2021-01-01 to 2021-12-31

Kwaan Electric Transmission Intertie Cooperative Inc, founded in 2004, is a small nonprofit in the Public & Societal Benefit sector that reported $126K in total revenue in fiscal year 2021. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $334K exceeded revenue, resulting in a 164% operating deficit.

Mission

TO PROVIDE LOW COST RELIABLE ELECTRICITY IN SOUTHEAST ALASKA THROUGH THE CONSTRUCTION OF ELECTRIC TRANSMISSION INTERTIES BETWEEN COMMUNITIES IN SOUTHEAST ALASKA ON AN "AT COST" BASIS.

Program Service Accomplishments

Program 1

PROVIDED LOW COST AND RELIABLE ELECTRICITY IN SOUTHEAST ALASKA THROUGH ELECTRIC TRANSMISSION INTERTIES BETWEEN COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $126,312

Investment Income $0

Other Revenue $0

TOTAL REVENUE $126,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $333,659

TOTAL EXPENSES $333,659

Year-over-Year Comparison

	2021	2020	Change
Revenue	$126,312	$82,052	+0.5%
Expenses	$333,659	$81,463	+3.1%
Net Income	$-207,347	$589	-353.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darrell Wetherall	President	0.15	Officer Director	$0	$0	$0
Jodi Mitchell	Vice President	0.15	Officer Director	$0	$0	$0
Jerry Medina	Secretary	0.15	Officer Director	$0	$0	$0
Connie Hulbert	Treasurer	0.15	Officer Director	$0	$0	$0
Christy Yearous	Director	0.15	Director	$0	$0	$0
Roxanne Drake-Burkhart	Director	0.15	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2021	$126,312	$333,659	$667,834	$-207,347
2020	$82,052	$81,463	$1,010,110	$589
2019	$73,200	$119,516	$481,287	$-46,316
2018	$73,200	$91,459	$519,444	$-18,259

Kwaan Electric Transmission Intertie Cooperative Inc