Kodiak Electric Association Inc (EIN 920010172) - 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

DAN MENTH

Phone

9074867700

Tax Period

2024-01-01 to 2024-12-31

Kodiak Electric Association Inc, founded in 1941, is a mid-sized nonprofit that reported $28.0M in total revenue in fiscal year 2024. Expenses of $24.1M left a modest 14% surplus.

Mission

RURAL ELECTRIC COOPERATIVE, PROVIDES GENERATION, TRANSMISSION, DISTRIBUTION, AND SALES OF ELECTRICITY TO APPROXIMATELY 6,000 METERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,345,704

Investment Income $228,039

Other Revenue $474,884

TOTAL REVENUE $28,048,627

Expense Breakdown

Grants Paid $16,197

Salaries & Benefits $1,178,700

Fundraising Expenses $0

Other Expenses $22,914,708

TOTAL EXPENSES $24,109,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,048,627	$26,382,447	+0.1%
Expenses	$24,109,605	$24,185,706	0.0%
Net Income	$3,939,022	$2,196,741	+0.8%

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

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

$1,132,020

Total Directors

$88,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darron Scott	President/CEO, 01/01-06/28	40.0	Officer	$479,730	$168,314	$648,044
Daniel Menth	President/CEO - as of 06/28	40.0	Officer	$243,813	$101,686	$345,499
Dustin Egdorf	Operations Manager	40.0	Highest	$219,762	$118,276	$338,038
Matthew Mccrum	Power Generation Technician	50.5	Highest	$197,705	$53,811	$251,516
Jessica Johnson	Generations Manager	40.0	Highest	$194,628	$54,898	$249,526
Shane Lotzer	Line Foreman	46.5	Highest	$195,701	$52,848	$248,549
Aaron Ellison	Power Generation Technician	49.5	Highest	$189,211	$53,018	$242,229
Andrea Manuel	Manager of Finance	40.0	Officer	$92,964	$4,153	$97,117
Linda Freed	Director	2.0	Director	$15,640	$0	$15,640
Michael Brechan	Chairman	2.0	Officer Director	$15,080	$0	$15,080
Ron Acarregui	Vice-Chairman	2.0	Officer Director	$13,800	$0	$13,800
Stosh Anderson	Secretary/Treasurer	2.0	Officer Director	$12,480	$0	$12,480
Tyler Kornelis	Director	2.0	Director	$11,160	$0	$11,160
Ben Millstein	Director	2.0	Director	$11,080	$0	$11,080
Meghan Kelly	Director	2.0	Director	$6,600	$0	$6,600
Cliff Davidson	Director	2.0	Director	$2,200	$0	$2,200
Matt Moir	Director	2.0	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
2024	$28,048,627	$24,109,605	$179,099,839	$3,939,022
2023	$26,382,447	$24,185,706	$182,606,906	$2,196,741
2022	$26,839,890	$23,670,464	$186,723,469	$3,169,426
2021	$25,349,033	$22,837,698	$193,354,894	$2,511,335
2020	$24,712,867	$22,847,730	$200,587,468	$1,865,137
2019	$25,730,714	$21,436,710	$206,427,009	$4,294,004
2018	$27,451,262	$22,440,521	$179,307,042	$5,010,741

Kodiak Electric Association Inc