NAKNEK ELECTRIC ASSOCIATION INC (EIN 920027674) - 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

1949

Legal Domicile

Principal Officer

MARK HUBER

Phone

9072464261

Tax Period

2024-01-01 to 2024-12-31

NAKNEK ELECTRIC ASSOCIATION INC, founded in 1949, is a mid-sized nonprofit that reported $12.9M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

GENERATION AND SALE OF ELECTRICAL ENERGY TO THE COMMUNITIES OF NAKNEK, SOUTH NAKNEK AND KING SALMON, AK.

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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 $7,937

Program Service Revenue $12,555,207

Investment Income $126,927

Other Revenue $194,522

TOTAL REVENUE $12,884,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,547

Fundraising Expenses $0

Other Expenses $12,452,152

TOTAL EXPENSES $12,694,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,884,593	$13,669,699	-0.1%
Expenses	$12,694,699	$13,286,370	0.0%
Net Income	$189,894	$383,329	-0.5%

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

$235,266

Total Directors

$14,685

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM MCDERMOTT	PRESIDENT	2.00	Officer Director	$975	$504	$1,479
NANCI LYON	VICE-PRESIDENT	1.00	Officer Director	$4,017	$504	$4,521
LISA ANDERSON	SECRETARY/TREASURER	1.00	Officer Director	$900	$504	$1,404
EARL HUBB	DIRECTOR	1.00	Director	$1,650	$504	$2,154
DAN SEITZ	DIRECTOR	1.00	Director	$675	$294	$969
CATHRYN STILES	DIRECTOR	1.00	Director	$1,575	$504	$2,079
SYLVIA ALFORD	DIRECTOR	1.00	Director	$1,575	$504	$2,079
DIANNE KING	GENERAL MANAGER	50.00	Officer	$172,171	$55,691	$227,862
JEFFERY SINKULAR	LINEMAN	40.00	Highest	$137,529	$48,173	$185,702
MICHAEL JAMES	OPERATOR	40.00	Highest	$131,622	$48,482	$180,104
JEFFERY KASHEVAROF	PLANT FOREMAN	40.00	Highest	$142,026	$48,651	$190,677
PERO SKARIC	OPERATOR	40.00	Highest	$135,580	$49,571	$185,151
RONALD ZIMIN	OPERATOR	40.00	Highest	$134,977	$49,049	$184,026

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	$12,884,593	$12,694,699	$45,198,038	$189,894
2023	$13,669,699	$13,286,370	$46,961,445	$383,329
2022	$12,949,477	$12,654,298	$48,731,346	$295,179
2021	$11,351,355	$9,374,038	$48,960,735	$1,977,317
2020	$10,092,392	$9,918,561	$47,332,796	$173,831
2019	$12,047,236	$11,682,059	$49,328,555	$365,177
2018	$10,153,861	$9,972,673	$48,988,693	$181,188

NAKNEK ELECTRIC ASSOCIATION INC