INSIDE PASSAGE ELECTRIC COOPERATIVE INC (EIN 431964262) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

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

RURAL NON-REGULATED ELECTRIC UTILITY PROVIDING SERVICE TO HOONAH, KAKE, CHILKAT VALLEY, ANGOON, AND KLUKWAN IN SOUTHEAST ALASKA

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

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

$431,247

Total Directors

$15,000

Key Employees

Highest Compensated

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

INSIDE PASSAGE ELECTRIC COOPERATIVE INC