MATANUSKA ELECTRIC ASSOCIATION INC (EIN 920007954) - Form 990 Financial Analysis & Trantor Score

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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

1941

Legal Domicile

Principal Officer

BILL KENDIG

Phone

9077613231

Tax Period

2023-01-01 to 2023-12-31

MATANUSKA ELECTRIC ASSOCIATION INC, founded in 1941, is a major nonprofit that reported $166.1M in total revenue in fiscal year 2023.

Mission

ENERGY SALES TO 70,322 MEMBER CUSTOMERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $165,323,927

Investment Income $318,585

Other Revenue $485,223

TOTAL REVENUE $166,127,735

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $1,316,586

Fundraising Expenses $0

Other Expenses $154,612,579

TOTAL EXPENSES $166,127,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,127,735	$162,949,434	+0.0%
Expenses	$166,127,735	$162,949,434	+0.0%
Net Income	$0	$0	N/A

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

253

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

$24,780

Total Directors

$54,303

Key Employees

$1,434,727

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL KENDIG	PRESIDENT	4.00	Officer Director	$9,163	$0	$9,163
DAN TUCKER	SECRETARY-TREASURER	5.00	Officer Director	$8,300	$0	$8,300
ARTHUR KEYES	DIRECTOR	2.00	Director	$7,924	$0	$7,924
MARK HAMM	DIRECTOR	5.00	Director	$7,383	$0	$7,383
MARK MASTELLER	VICE PRESIDENT	5.00	Officer Director	$7,317	$0	$7,317
MAXWELL SUMNER	DIRECTOR	2.00	Director	$6,733	$0	$6,733
PETER BURCHELL	DIRECTOR THROUGH 5/8/23	1.00	Director	$3,833	$0	$3,833
ANASTASIA BURETTA	DIRECTOR	3.00	Director	$3,650	$0	$3,650
ANTHONY M IZZO	CHIEF EXECUTIVE OFFICER	60.00	Key Emp	$633,607	$162,257	$795,864
MATTHEW J REISTERER	CHIEF FINANCIAL OFFICER	50.00	Key Emp	$331,533	$307,330	$638,863
BRIAN J HICKEY	SENIOR ADVISOR TO THE CEO	0.00	Highest	$420,161	$169,430	$589,591
EDWARD M JENKIN	CHIEF ENERGY TRANSFORMATIO OFFICER	50.00	Highest	$324,520	$161,306	$485,826
DAVID W ROBY	SUBFOREMAN LINEMAN	69.00	Highest	$321,506	$83,210	$404,716
TONY G HARDWICK	JOURNEYMAN LINEMAN	69.00	Highest	$298,988	$82,455	$381,443
WYATT A SCHMIEGE	SUBFOREMAN LINEMAN	66.00	Highest	$293,417	$59,763	$353,180

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	$166,127,735	$166,127,735	$648,703,351	No data
2022	$162,949,434	$162,949,434	$632,665,151	No data
2021	$159,633,412	$159,633,412	$634,431,622	No data
2020	$157,475,710	$157,475,710	$637,415,638	No data
2019	$150,676,163	$150,676,163	$635,846,812	No data
2018	$150,924,914	$150,924,914	$639,121,483	No data

MATANUSKA ELECTRIC ASSOCIATION INC