MATANUSKA ELECTRIC ASSOCIATION CHARITABLE FOUNDATION

EIN: 272680085 501(c)(3) Philanthropy & Grantmaking

PALMER, AK

Total Revenue
$239,350
Total Expenses
$226,884
Total Assets
$172,392
Net Assets
$172,392
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
AK
Principal Officer
DAVID DAHMS
Phone
9077619300
Tax Period
2023-01-01 to 2023-12-31

MATANUSKA ELECTRIC ASSOCIATION CHARITABLE FOUNDATION, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $239K in total revenue in fiscal year 2023. Expenses of $227K left a modest 5% surplus.

Mission

Operation RoundUp is a member supported program that allows our membership to round their bill to the nearest dollar each month. That additional change goes directly to support grants to organizations in our communities that we serve. The MEA Charitable Foundation Board, which is comprised of MEA member volunteers, meets quarterly to review and award Operation RoundUp Grant Applications. All Operation RoundUp funds are given locally and stay locally.

Program Service Accomplishments

Program 1
Expenses: $226,307

During the year, the MEA Charitable Foundation was able to award nearly 230 thousand dollars in grants to organizations throughout the community by collecting roundup donations from its members.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $230,746
Program Service Revenue $0
Investment Income $98
Other Revenue $8,506
TOTAL REVENUE $239,350

Expense Breakdown

Grants Paid $226,127
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $226,307
Other Expenses $757
TOTAL EXPENSES $226,884

Year-over-Year Comparison

2023 2022 Change
Revenue $239,350 $226,127 +0.1%
Expenses $226,884 $188,993 +0.2%
Net Income $12,466 $37,134 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID DAHMS President 0.50
Officer Director
$0 $0 $0
BARBARA GERARD Vice President 0.50
Officer Director
$0 $0 $0
ROBERT JOHNSON Treasurer 1.00
Officer Director
$0 $0 $0
ANGELA HOBBIE Secretary 0.50
Officer Director
$0 $0 $0
DEE BOWNS Director 0.50
Director
$0 $0 $0
SHARON HEIN Director 0.50
Director
$0 $0 $0
LINDA MENARD-POST Director 0.50
Director
$0 $0 $0
SUE SMITH Director 0.50
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $239,350 $226,884 $172,392 $12,466
2022 $226,127 $188,993 $159,926 $37,134
2021 $218,262 $214,997 $252,751 $3,265
2020 $216,568 $216,568 $121,478 No data
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