INSIDE PASSAGE ELECTRIC COOPERATIVE INC

EIN: 431964262 Public & Societal Benefit

AUKE BAY, AK

Total Revenue
$7,289,073
Total Expenses
$7,040,321
Total Assets
$16,023,036
Net Assets
$8,492,760
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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
AK
Principal Officer
JOHANNA 'JODI' MITCHELL
Phone
9077893196
Tax Period
2023-01-01 to 2023-12-31

INSIDE PASSAGE ELECTRIC COOPERATIVE INC, founded in 2004, is a community nonprofit in the Public & Societal Benefit sector that reported $7.3M in total revenue in fiscal year 2023. Expenses of $7.0M left a modest 3% surplus.

Mission

TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO MEMBERS AT THE LOWEST REASONABLE AND RESPONSIBLE COST

Program Service Accomplishments

Program 1

PROVIDED ELECTRICAL SERVICE TO 534 CUSTOMERS IN HOONAH, 311 CUSTOMERS IN KAKE, 259 CUSTOMERS IN THE CHILKAT VALLEY, 235 CUSTOMERS IN ANGOON, AND 71 CUSTOMERS IN KLUKWAN, ALASKA FOR A TOTAL OF...

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PROVIDED ELECTRICAL SERVICE TO 534 CUSTOMERS IN HOONAH, 311 CUSTOMERS IN KAKE, 259 CUSTOMERS IN THE CHILKAT VALLEY, 235 CUSTOMERS IN ANGOON, AND 71 CUSTOMERS IN KLUKWAN, ALASKA FOR A TOTAL OF 10,664,477 KILOWATT HOURS SOLD IN 2023.

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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 $0
Program Service Revenue $7,155,662
Investment Income $11,970
Other Revenue $121,441
TOTAL REVENUE $7,289,073

Expense Breakdown

Grants Paid $5,393
Salaries & Benefits $2,140,941
Fundraising Expenses $0
Other Expenses $4,607,305
TOTAL EXPENSES $7,040,321

Year-over-Year Comparison

2023 2022 Change
Revenue $7,289,073 $6,749,810 +0.1%
Expenses $7,040,321 $6,753,943 +0.0%
Net Income $248,752 $-4,133 -61.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
31
Volunteers
N/A

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
$431,247
Total Directors
5
$15,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHANNA MITCHELL CEO/GENERAL MGR 37.50
Officer
$187,474 $235,373 $422,847
BRANDON SHAW OPERATIONS MGR 37.50
$137,746 $122,206 $259,952
JERRY MEDINA ADMIN OFFICER 37.50
$126,467 $112,195 $238,662
ROXANNE DRAKE-BURKHART CONTROLLER 37.50
$101,346 $128,464 $229,810
ELAINE JACK Director 1.00
Director
$3,800 $0 $3,800
GRACE VILLARREAL Vice President 1.00
Officer Director
$3,300 $0 $3,300
LARRY BECK President 1.00
Officer Director
$3,300 $0 $3,300
Patti Handy Director 1.00
Director
$2,800 $0 $2,800
CHRISTOPHER HOTCH SECRETARY/TREAS 1.00
Officer Director
$1,800 $0 $1,800
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
2024 No data No data No data No data
2023 $7,289,073 $7,040,321 $16,023,036 $248,752
2022 $6,749,810 $6,753,943 $16,546,725 $-4,133
2021 $5,934,930 $5,831,809 $16,923,471 $103,121
2020 $5,055,798 $4,966,551 $14,128,675 $89,247
2019 $5,396,246 $5,256,132 $13,979,916 $140,114
2018 $5,252,593 $5,252,593 $12,812,217 No data
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