Nuvista Light & Electric Cooperative Inc

EIN: 452575211 501(c)(3) Community Improvement

Anchorage, AK

Total Revenue
$275,014
Total Expenses
$180,500
Total Assets
$4,592,666
Net Assets
$4,582,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
AK
Principal Officer
Bertha Prince
Phone
9078910980
Tax Period
2024-01-01 to 2024-12-31

Nuvista Light & Electric Cooperative Inc, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $275K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 34% operating margin.

Mission

Our mission is accomplished through several energy-focused initiatives, including: regional and community energy planning, feasibility studies, energy education, and energy infrastructure projects. All projects are completed alongside non-profit and Tribal entities in the Yukon-Kuskokwim Delta region of Alaska. Our work is intended to help villages, tribes, and remote communities in western Alaska become sustainable and self-sufficient through the realization of decreased energy costs and energy independence.

Program Service Accomplishments

Program 1
Expenses: $108,744

Renewable Energy Plan/USDA - A variety of programs in 2024, including the ongoing development of a wind project in the YK Delta. The project will involve installing wind generation and energy storage...

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Renewable Energy Plan/USDA - A variety of programs in 2024, including the ongoing development of a wind project in the YK Delta. The project will involve installing wind generation and energy storage in Kwethluk, Alaska. The intent of the project is to decrease energy costs for the community, decrease dependence on fossil fuels, increase resilience, and off-set diesel consumption. Additionally, programs to support technical assistance, and other supports to promote energy development in rural areas.

Program 2
Expenses: $7,016

ANTHC-CPRG - Engage Tribes and communities in the YK Delta region to identify and prioritize energy projects in three key sectors: electricity generation, residential energy efficiency, and...

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ANTHC-CPRG - Engage Tribes and communities in the YK Delta region to identify and prioritize energy projects in three key sectors: electricity generation, residential energy efficiency, and non-residential energy efficiency so that they can be included in the Priority Climate Action Plan and thus be eligible for future implementation funding.

Program 3
Expenses: $1,169 Revenue: $58,016

Consulting - Consulting with various communities in the YK Delta on Priority Climate Action Plans, electricity generation, energy storage, and Project/business planning

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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 (2024)

Revenue Breakdown

Contributions & Grants $111,098
Program Service Revenue $58,016
Investment Income $0
Other Revenue $105,900
TOTAL REVENUE $275,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $135,439
Fundraising Expenses $0
Program Expenses $116,929
Other Expenses $45,061
TOTAL EXPENSES $180,500

Year-over-Year Comparison

2024 2023 Change
Revenue $275,014 $220,494 +0.2%
Expenses $180,500 $307,800 -0.4%
Net Income $94,514 $-87,306 -2.1%
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
6
Independent Members
6
Employees
2
Volunteers
6

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
6
$124,991
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sean Glasheen Executive Director 40.0
Officer
$90,874 $0 $90,874
Bertha Prince Executive Director 40.0
Officer
$34,117 $0 $34,117
George Guy President 5.0
Officer Director
$0 $0 $0
Bill Stamm Vice Chair 5.0
Officer Director
$0 $0 $0
Peter Evon Secretary 5.0
Officer Director
$0 $0 $0
Vivian Korthuis Treasurer 5.0
Officer Director
$0 $0 $0
Andrew Anderson Director 5.0
Director
$0 $0 $0
Dan Winkelman Director 5.0
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 $275,014 $180,500 $4,592,666 $94,514
2023 $220,494 $307,800 $4,502,631 $-87,306
2022 $1,326,329 $362,311 $4,661,224 $964,018
2021 $1,779,234 $397,026 $3,689,100 $1,382,208
2019 $400,401 $425,779 $98,269 $-25,378
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